In a report issued on July 22, David Anderson from Barclays maintained a Hold rating on Schlumberger Limited (SLB), with a price target of $45. The company’s shares closed yesterday at $39.75, close to its 52-week low of $34.46.
According to TipRanks.com, Anderson is ranked 0 out of 5 stars with an average return of -4.5% and a 38.4% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Covia Holdings Corporation, and Oceaneering International.
Currently, the analyst consensus on Schlumberger Limited is a Moderate Buy with an average price target of $47.33, representing a 19.1% upside. In a report issued on July 22, Credit Suisse also maintained a Hold rating on the stock with a $43 price target.
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Schlumberger Limited’s market cap is currently $54.61B and has a P/E ratio of 26.45. The company has a Price to Book ratio of 1.52.
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock.
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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.
