Schlumberger Limited. Given Outperform Rating at Credit Suisse (SLB)
Schlumberger Limited. (NYSE:SLB)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse in a research note issued to investors on Friday. They currently have a $137.00 target price on the stock, up from their previous target price of $120.00. Credit Suisse’s target price would suggest a potential upside of 17.98% from the stock’s previous close.
A number of other analysts have also recently weighed in on SLB. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Schlumberger Limited. in a research note on Thursday. They now have a $168.00 price target on the stock, up previously from $115.00. Separately, analysts at Howard Weil raised their price target on shares of Schlumberger Limited. from $120.00 to $130.00 in a research note on Thursday. They now have a “sector outperform” rating on the stock. Finally, analysts at Bank of America raised their price target on shares of Schlumberger Limited. from $119.00 to $127.00 in a research note on Thursday. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $120.48.
Schlumberger Limited. (NYSE:SLB) traded up 0.74% during mid-day trading on Friday, hitting $116.98. 2,041,031 shares of the company’s stock traded hands. Schlumberger Limited. has a one year low of $71.60 and a one year high of $117.56. The stock has a 50-day moving average of $104.4 and a 200-day moving average of $95.4. The company has a market cap of $152.3 billion and a P/E ratio of 21.83. Schlumberger Limited. also was the target of unusually large options trading activity on Wednesday. Stock investors bought 30,165 call options on the company. This represents an increase of 259% compared to the typical daily volume of 8,413 call options.
Schlumberger Limited. (NYSE:SLB) last issued its quarterly earnings data on Thursday, April 17th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.01 earnings per share. The company’s quarterly revenue 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.
Schlumberger N.V. (NYSE:SLB) is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.