TheStreet Reiterates “Buy” Rating for Schlumberger (SLB)
Schlumberger (NYSE:SLB)‘s stock had its “buy” rating reiterated by TheStreet in a research note issued on Sunday, AnalystRatings.Net reports.
The analysts wrote, “Schlumberger (SLB) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Schlumberger in a research note to investors on Friday, December 27th. Separately, analysts at S&P Equity Research upgraded shares of Schlumberger to a “buy” rating in a research note to investors on Wednesday, December 18th. Finally, analysts at Susquehanna cut their price target on shares of Schlumberger from $108.00 to $107.00 in a research note to investors on Tuesday, December 17th. They now have a “positive” rating on the stock. Three investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $104.75.
Schlumberger (NYSE:SLB) opened at 88.35 on Friday. Schlumberger has a 1-year low of $69.08 and a 1-year high of $94.91. The stock’s 50-day moving average is $88.57 and its 200-day moving average is $85.36. The company has a market cap of $116.4 billion and a price-to-earnings ratio of 18.47. Schlumberger also saw some unusual options trading activity on Thursday. Investors purchased 21,800 put options on the stock. This is an increase of 359% compared to the typical daily volume of 4,752 put options.
Schlumberger (NYSE:SLB) last posted its quarterly 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. Analysts expect that Schlumberger will post $4.80 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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