Schlumberger Limited. Price Target Increased to $150.00 by Analysts at Argus (SLB)
Investment analysts at Argus raised their target price on shares of Schlumberger Limited. (NYSE:SLB) from $121.00 to $150.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Argus’ price objective would indicate a potential upside of 29.18% from the company’s current price.
SLB has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Schlumberger Limited. in a research note on Friday. They now have a $137.00 price target on the stock, up previously from $120.00. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $121.64.
Schlumberger Limited. (NYSE:SLB) traded up 0.96% on Friday, hitting $117.235. 4,910,247 shares of the company’s stock traded hands. Schlumberger Limited. has a 52 week low of $71.60 and a 52 week 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 $152.7 billion and a price-to-earnings ratio of 21.83. Schlumberger Limited. also saw unusually large options trading activity on Wednesday. Investors acquired 30,165 call options on the stock. This is an increase of approximately 259% compared to the average 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 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.01 earnings per share. Schlumberger Limited.’s revenue was up 6.3% compared to the same quarter last year. 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.
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