Schlumberger Stock Rating Lowered by Iberia Capital (SLB)
Schlumberger (NYSE:SLB) was downgraded by equities research analysts at Iberia Capital from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of Schlumberger from $116.00 to $105.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Schlumberger in a research note to investors on Sunday, January 5th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Schlumberger in a research note to investors on Friday, December 27th. Four research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $104.20.
Shares of Schlumberger (NYSE:SLB) traded up 1.57% on Friday, hitting $87.84. The stock had a trading volume of 1,686,471 shares. 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 $88.04 and a 200-day moving average of $85.76. The company has a market cap of $115.7 billion and a P/E ratio of 17.98.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results 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 $4.79 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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