Schlumberger Price Target Increased to $100.00 by Analysts at Raymond James (SLB)
Investment analysts at Raymond James raised their price target on shares of Schlumberger (NYSE:SLB) from $87.00 to $100.00 in a note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 13.70% from the company’s current price.
A number of other analysts have also recently weighed in on SLB. Analysts at TheStreet reiterated a “hold” rating on shares of Schlumberger in a research note to investors on Tuesday. Separately, analysts at Guggenheim raised their price target on shares of Schlumberger from $100.00 to $105.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Schlumberger from $97.00 to $105.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $96.46.
Schlumberger (NYSE:SLB) traded down 1.50% during mid-day trading on Tuesday, hitting $87.95. The stock had a trading volume of 5,902,826 shares. Schlumberger has a 1-year low of $66.85 and a 1-year high of $90.47. The stock’s 50-day moving average is $85.67 and its 200-day moving average is $78.37. The company has a market cap of $116.4 billion and a P/E ratio of 19.47.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results 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. Analysts expect that Schlumberger will post $4.76 EPS for the current fiscal year.
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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