A Director at Schlumberger Limited (SLB) is Buying Shares

Today, a Director at Schlumberger Limited (SLB), Michael E. Marks, bought shares of SLB for $1.02M.

This recent transaction increases Michael E. Marks’ holding in the company by 23.46% to a total of $3.9 million.

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Based on Schlumberger Limited’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $8.5 billion and quarterly net profit of $644 million. In comparison, last year the company earned revenue of $7.91 billion and had a net profit of $545 million. Currently, Schlumberger Limited has an average volume of 12.79M.

Based on 15 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $71.08, reflecting a 53.5% upside. Nine different firms, including Jefferies and Seaport Global, currently also have a Buy rating on the stock.

Michael E. Marks’ trades have generated a 19.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. It operates through the following business segments: Reservoir Characterization, Drilling, Production, Cameron, and Elimination and Other.

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