Schlumberger PT Raised to $102.00 (SLB)
Equities research analysts at RBC Capital upped their price objective on shares of Schlumberger (NYSE:SLB) from $95.00 to $102.00 in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target would indicate a potential upside of 13.32% from the stock’s previous close.
Shares of Schlumberger (NYSE:SLB) traded up 0.64% on Friday, hitting $90.01. 3,983,610 shares of the company’s stock traded hands. Schlumberger has a 1-year low of $66.85 and a 1-year high of $89.98. The stock has a 50-day moving average of $85.23 and a 200-day moving average of $78.09. The company has a market cap of $119.1 billion and a price-to-earnings ratio of 19.50.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, July 19th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.04. The company had revenue of $11.18 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Analysts expect that Schlumberger will post $4.75 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Howard Weil raised their price target on shares of Schlumberger (NYSE:SLB) from $93.00 to $100.00 in a research note to investors on Wednesday. They now have a “focus stock” rating on the stock. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Schlumberger (NYSE:SLB) in a research note to investors on Thursday, September 26th. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Schlumberger (NYSE:SLB) in a research note to investors on Monday, September 16th. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $95.38.
Schlumberger Limited (NYSE:SLB) is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.
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