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A number of firms have modified their ratings and price targets on shares of Schlumberger (NYSE: SLB) recently:

  • Schlumberger had its price target raised by analysts at Credit Suisse from $105.00 to $108.00. They now have a “neutral” rating on the stock.
  • Schlumberger was upgraded by analysts at Johnson Rice from an “equal weight” rating to an “overweight” rating.
  • Schlumberger had its “hold” rating reaffirmed by analysts at TheStreet. They wrote, “Schlumberger (SLB) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”
  • Schlumberger had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $93.00 price target on the stock. Zacks‘ analyst wrote, “We are maintaining our Neutral recommendation on Schlumberger following its strong fourth-quarter results, which were aided by international exposure, solid execution and integration capabilities. Also contributing to the positive results were Schlumberger’s performances in the Gulf of Mexico region and its diverse product offerings. However, these factors were partially offset by seasonal activity slowdown, weather-related work delays and lower pricing due to excess capacity in the U.S. Also, Schlumberger faces a number of headwinds, including changes in exploration and production spending patterns, commodity price fluctuations and overall economic conditions. Given these factors, we expect shares of Schlumberger to perform in line with the broader equity market.”
  • Schlumberger had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $102.00 price target on the stock, down previously from $105.00.
  • Schlumberger is now covered by analysts at Griffin Securities. They set a “buy” rating on the stock.
  • Schlumberger had its “hold” rating reaffirmed by analysts at TheStreet. They wrote, “Schlumberger (SLB) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”

Schlumberger Ltd. (NYSE:SLB) traded down 1.40% during mid-day trading on Friday, hitting $87.57. 6,338,746 shares of the company’s stock traded hands. Schlumberger Ltd. 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 $88.25 and a 200-day moving average of $87.37. The company has a market cap of $114.9 billion and a P/E ratio of 17.59.

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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