In a report issued on December 4, James Wicklund from Credit Suisse maintained a Buy rating on Schlumberger Limited (SLB), with a price target of $65. The company’s shares closed on Tuesday at $44.12, close to its 52-week low of $44.02.
According to TipRanks.com, Wicklund has currently no stars on a ranking scale of 0-5 stars, with an average return of -13.0% and a 27.1% success rate. Wicklund covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Select Energy Services Inc, and Oil States International.
Currently, the analyst consensus on Schlumberger Limited is a Moderate Buy with an average price target of $70.62.
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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.
