In a report released yesterday, James Wicklund from Credit Suisse maintained a Hold rating on Schlumberger Limited (SLB), with a price target of $44. The company’s shares closed yesterday at $44.73.
According to TipRanks.com, Wicklund has 0 stars on 0-5 star ranking scale with an average return of -12.0% and a 31.7% success rate. Wicklund covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Ncs Multistage Holdings Inc, and Select Energy Services Inc.
Currently, the analyst consensus on Schlumberger Limited is a Moderate Buy with an average price target of $60.64, representing a 35.6% upside. 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 14.61M.
Based on the recent corporate insider activity of 9 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.
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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.
