B.Riley FBR analyst Tom Curran reiterated a Buy rating on Schlumberger Limited (NYSE: SLB) on June 21 and set a price target of $90. The company’s shares closed on Friday at $66.58.
According to TipRanks.com, Curran has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.4% and a 45.9% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Select Energy Services Inc, and Eco-Stim Energy Solutions.
Currently, the analyst consensus on Schlumberger Limited is Strong Buy and the average price target is $82, representing a 23.2% upside.
In a report issued on June 12, Credit Suisse also maintained a Buy rating on the stock with a $80 price target.
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Based on Schlumberger Limited’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.83 billion and net profit of $525 million. In comparison, last year the company earned revenue of $6.89 billion and had a net profit of $279 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.
