Schlumberger PT Lowered to $105.00 (SLB)
Equities researchers at Cowen and Company decreased their target price on shares of Schlumberger (NYSE:SLB) from $116.00 to $105.00 in a research report issued on Tuesday, American Banking News.com reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target would suggest a potential upside of 19.99% from the stock’s previous close.
SLB has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Schlumberger in a research note to investors on Sunday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Schlumberger in a research note to investors on Friday, December 27th. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Schlumberger currently has a consensus rating of “Buy” and a consensus target price of $104.20.
Schlumberger (NYSE:SLB) traded down 0.58% on Tuesday, hitting $87.51. 6,429,049 shares of the company’s stock traded hands. Schlumberger has a 52 week low of $69.08 and a 52 week high of $94.91. The stock has a 50-day moving average of $88.29 and a 200-day moving average of $85.75. The company has a market cap of $115.2 billion and a P/E ratio of 18.30.
Schlumberger (NYSE:SLB) last released its earnings data on Friday, October 18th. The company reported $1.29 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.08 earnings per share. Schlumberger’s revenue was up 10.6% compared to the same quarter last year. 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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