Schlumberger PT Raised to $105.00 at Jefferies Group (SLB)
Investment analysts at Jefferies Group upped their target price on shares of Schlumberger (NYSE:SLB) to $105.00 in a note issued to investors on Monday, Stock Ratings News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 16.65% from the stock’s previous close.
Shares of Schlumberger (NYSE:SLB) traded down 0.33% during mid-day trading on Monday, hitting $89.71. The stock had a trading volume of 2,188,826 shares. Schlumberger has a 52 week low of $66.85 and a 52 week high of $90.47. The stock has a 50-day moving average of $85.4 and a 200-day moving average of $78.19. The company has a market cap of $118.7 billion and a P/E ratio of 19.62.
Schlumberger (NYSE:SLB) last released its earnings data on Friday, July 19th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.05 earnings per share. Schlumberger’s revenue was up 8.1% compared to the same quarter last year.
SLB has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Schlumberger from $95.00 to $102.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Howard Weil raised their price target on shares of Schlumberger from $93.00 to $100.00 in a research note to investors on Wednesday, October 2nd. They now have a “focus stock” rating on the stock. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Schlumberger in a research note to investors on Thursday, September 26th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $95.71.
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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