Schlumberger N.V. (NYSE:SLB) had its target price upped by investment analysts at Citigroup Inc. from $77.00 to $80.00 in a report released on Thursday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Citigroup Inc.’s target price would suggest a potential upside of 16.25% from the company’s current price.

Several other research analysts have also commented on SLB. UBS AG set a $90.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, June 16th. Barclays PLC lowered shares of Schlumberger N.V. from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $98.00 to $73.00 in a research note on Wednesday, June 21st. Morgan Stanley boosted their price objective on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 21st. HSBC Holdings plc reiterated a “neutral” rating and set a $80.00 price objective (down previously from $86.00) on shares of Schlumberger N.V. in a research note on Wednesday, June 21st. Finally, BMO Capital Markets reiterated a “buy” rating and set a $89.00 price objective on shares of Schlumberger N.V. in a research note on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $85.28.

Schlumberger N.V. (NYSE:SLB) traded up 0.09% during midday trading on Thursday, hitting $68.88. 2,068,815 shares of the stock were exchanged. The company has a market cap of $95.37 billion, a PE ratio of 542.36 and a beta of 1.05. Schlumberger N.V. has a 12 month low of $62.56 and a 12 month high of $87.84. The firm’s 50 day moving average price is $66.09 and its 200 day moving average price is $69.55.

Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. Schlumberger N.V.’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS. On average, equities research analysts forecast that Schlumberger N.V. will post $1.52 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/05/citigroup-inc-boosts-schlumberger-n-v-slb-price-target-to-80-00.html.

In related news, Director Helge Lund acquired 2,800 shares of Schlumberger N.V. stock in a transaction on Monday, July 24th. The stock was bought at an average cost of $66.78 per share, for a total transaction of $186,984.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael E. Marks acquired 8,000 shares of Schlumberger N.V. stock in a transaction on Friday, August 11th. The shares were bought at an average price of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.

A number of large investors have recently bought and sold shares of SLB. CGOV Asset Management raised its position in Schlumberger N.V. by 27.1% during the first quarter. CGOV Asset Management now owns 41,300 shares of the oil and gas company’s stock worth $4,297,000 after acquiring an additional 8,800 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Schlumberger N.V. by 3.1% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 37,124 shares of the oil and gas company’s stock worth $2,711,000 after acquiring an additional 1,112 shares during the period. Guinness Asset Management Ltd raised its position in Schlumberger N.V. by 11.3% during the first quarter. Guinness Asset Management Ltd now owns 186,170 shares of the oil and gas company’s stock worth $14,540,000 after acquiring an additional 18,930 shares during the period. Waldron LP raised its position in Schlumberger N.V. by 76.5% during the first quarter. Waldron LP now owns 7,270 shares of the oil and gas company’s stock worth $568,000 after acquiring an additional 3,150 shares during the period. Finally, Crestwood Advisors Group LLC raised its position in Schlumberger N.V. by 3.9% during the first quarter. Crestwood Advisors Group LLC now owns 228,298 shares of the oil and gas company’s stock worth $17,830,000 after acquiring an additional 8,552 shares during the period. Institutional investors own 78.91% of the company’s stock.

About Schlumberger N.V.

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Analyst Recommendations for Schlumberger N.V. (NYSE:SLB)

Receive News & Ratings for Schlumberger N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. and related companies with MarketBeat.com's FREE daily email newsletter.