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Schlumberger Limited. (NYSE:SLB)’s share price hit a new 52-week high on Tuesday after Argus raised their price target on the stock from $105.00 to $121.00, AmericanBankingNews.com reports. Argus currently has a buy rating on the stock. Schlumberger Limited. traded as high as $103.58 and last traded at $102.97, with a volume of 3,247,538 shares changing hands. The stock had previously closed at $101.29.

A number of other analysts have also recently weighed in on SLB. Analysts at Guggenheim raised their price target on shares of Schlumberger Limited. from $105.00 to $120.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Schlumberger Limited. in a research note on Tuesday, April 22nd. They now have a $119.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Schlumberger Limited. in a research note on Tuesday, April 22nd. They now have a $115.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Schlumberger Limited. presently has an average rating of “Buy” and a consensus target price of $110.76.

In other Schlumberger Limited. news, VP Stephanie Cox unloaded 19,522 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $1,980,311.68. Following the completion of the transaction, the vice president now directly owns 16,404 shares of the company’s stock, valued at approximately $1,664,022. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

The stock has a 50-day moving average of $96.48 and a 200-day moving average of $91.73. The company has a market cap of $133.8 billion and a price-to-earnings ratio of 19.04.

Schlumberger Limited. (NYSE:SLB) last announced its earnings results on Thursday, April 17th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $11.24 billion for the quarter, compared to the consensus estimate of $11.49 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts predict that Schlumberger Limited. will post $5.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, July 11th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Monday, June 2nd.

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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