Barclays analyst David Anderson maintained a Hold rating on Schlumberger Limited (SLB) yesterday and set a price target of $58. The company’s shares closed yesterday at $41.97, close to its 52-week low of $41.02.
According to TipRanks.com, Anderson has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.8% and a 34.8% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Oceaneering International, and Mammoth Energy Services.
Currently, the analyst consensus on Schlumberger Limited is a Moderate Buy with an average price target of $67.07, implying a 59.8% upside from current levels. In a report released today, J.P. Morgan also downgraded the stock to Hold with a $48 price target.
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Based on Schlumberger Limited’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.5 billion and 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.
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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.
