Schlumberger Price Target Increased to $107.00 by Analysts at Global Hunter Securities (SLB)
Analysts at Global Hunter Securities upped their target price on shares of Schlumberger (NYSE:SLB) from $97.00 to $107.00 in a research report issued to clients and investors on Monday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Global Hunter Securities’ price objective would suggest a potential upside of 14.46% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Schlumberger from $87.00 to $105.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Schlumberger from $105.00 to $110.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Schlumberger in a research note to investors on Monday. They now have a $107.00 price target on the stock. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Schlumberger presently has an average rating of “Buy” and an average target price of $99.80.
Shares of Schlumberger (NYSE:SLB) traded down 0.54% during mid-day trading on Monday, hitting $93.48. 7,325,959 shares of the company’s stock traded hands. Schlumberger has a 52-week low of $66.85 and a 52-week high of $94.88. The stock’s 50-day moving average is $88.00 and its 200-day moving average is $79.31. The company has a market cap of $123.6 billion and a price-to-earnings ratio of 19.54.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 18th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.24 by $0.05. The company had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.58 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 10th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.31 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Monday, December 2nd.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.