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Stock analysts at Credit Suisse boosted their price objective on shares of Schlumberger (NYSE:SLB) from $105.00 to $108.00 in a report issued on Tuesday, Stock Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective indicates a potential upside of 18.56% from the stock’s previous close.

Schlumberger (NYSE:SLB) traded up 0.98% on Tuesday, hitting $91.09. 8,312,347 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 $87.84 and a 200-day moving average of $86.49. The company has a market cap of $120.0 billion and a price-to-earnings ratio of 18.76.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 17th. The company reported $1.35 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.35. The company had revenue of $11.91 billion for the quarter, compared to the consensus estimate of $12.06 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that Schlumberger will post $4.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, April 11th. Investors of record on Wednesday, February 19th will be given a dividend of 0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.76%.

Several other analysts have also recently commented on the stock. Analysts at Johnson Rice upgraded shares of Schlumberger from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday. Separately, analysts at Barclays cut their price target on shares of Schlumberger from $138.00 to $136.00 in a research note to investors on Friday. Finally, analysts at Socgen reiterated a “buy” rating on shares of Schlumberger in a research note to investors on Thursday, January 16th. They now have a $106.00 price target on the stock, down previously from $110.00. Five equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Schlumberger currently has an average rating of “Buy” and an average price target of $104.36.

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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