Barclays Maintains Their Hold Rating on Schlumberger Limited (SLB)


Barclays analyst David Anderson maintained a Hold rating on Schlumberger Limited (SLB) yesterday and set a price target of $52. The company’s shares closed yesterday at $41.37, close to its 52-week low of $34.99.

According to TipRanks.com, Anderson is ranked 0 out of 5 stars with an average return of -6.3% and a 36.4% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Baker Hughes a GE company, and Oceaneering International.

Schlumberger Limited has an analyst consensus of Moderate Buy, with a price target consensus of $61.09, which is a 47.7% upside from current levels. In a report issued on January 11, B.Riley FBR also assigned a Hold rating to the stock.

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The company has a one-year high of $80.35 and a one-year low of $34.99. Currently, Schlumberger Limited has an average volume of 14.29M.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SLB in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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