Schlumberger Limited. Given New $130.00 Price Target at Goldman Sachs (SLB)
Equities research analysts at Goldman Sachs lifted their price target on shares of Schlumberger Limited. (NYSE:SLB) from $127.00 to $130.00 in a research note issued to investors on Thursday. Goldman Sachs’ price objective would indicate a potential upside of 12.65% from the company’s current price.
Schlumberger Limited. (NYSE:SLB) traded down 1.33% on Thursday, hitting $115.40. 5,113,047 shares of the company’s stock traded hands. Schlumberger Limited. has a one year low of $75.94 and a one year high of $118.76. The stock’s 50-day moving average is $109.0 and its 200-day moving average is $97.55. The company has a market cap of $150.3 billion and a P/E ratio of 21.98. Schlumberger Limited. also was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 15,940,287 shares, an increase of 20.1% from the June 13th total of 13,275,369 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average trading volume of 7,776,541 shares, the days-to-cover ratio is currently 2.0 days.
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. Analysts expect that Schlumberger Limited. will post $5.70 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SLB. Analysts at HSBC upgraded shares of Schlumberger Limited. from a “neutral” rating to an “overweight” rating in a research note on Wednesday. They now have a $135.00 price target on the stock, up previously from $105.00. Separately, analysts at Argus raised their price target on shares of Schlumberger Limited. from $121.00 to $150.00 in a research note on Friday, June 27th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Schlumberger Limited. in a research note on Friday, June 27th. They now have a $137.00 price target on the stock, up previously from $120.00. Three research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $123.38.
In other Schlumberger Limited. news, EVP Ashok Belani unloaded 230,032 shares of Schlumberger Limited. stock on the open market in a transaction dated Monday, June 30th. The stock was sold at an average price of $117.49, for a total value of $27,026,459.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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