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Schlumberger Limited. (NYSE:SLB)’s share price hit a new 52-week high on Friday , AnalystRatings.Net reports. The stock traded as high as $109.75 and last traded at $109.42, with a volume of 4,406,633 shares trading hands. The stock had previously closed at $107.60.

SLB has been the subject of a number of recent research reports. Analysts at Drexel Hamilton initiated coverage on shares of Schlumberger Limited. in a research note on Friday. They set a “buy” rating and a $120.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Schlumberger Limited. in a research note on Thursday. Finally, analysts at Macquarie initiated coverage on shares of Schlumberger Limited. in a research note on Wednesday, June 4th. They set an “outperform” rating and a $119.00 price target on the stock. Five analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Schlumberger Limited. currently has a consensus rating of “Buy” and a consensus price target of $114.32.

The stock has a 50-day moving average of $103. and a 200-day moving average of $94.64. The company has a market cap of $141.7 billion and a P/E ratio of 20.23.

Schlumberger Limited. (NYSE:SLB) last released its earnings data 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. Analysts expect that Schlumberger Limited. will post $5.69 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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