Barclays analyst David Anderson maintained a Buy rating on Schlumberger Limited (SLB) on October 18 and set a price target of $47.00. The company’s shares closed last Monday at $32.31, close to its 52-week low of $30.65.
According to TipRanks.com, Anderson is ranked 0 out of 5 stars with an average return of -6.9% and a 33.2% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Covia Holdings Corporation, and Diamond Offshore Drilling.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Schlumberger Limited with a $44.67 average price target, a 38.8% upside from current levels. In a report issued on October 8, Morgan Stanley also maintained a Buy rating on the stock with a $50.00 price target.
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Schlumberger Limited’s market cap is currently $44.69B and has a P/E ratio of 21.54. The company has a Price to Book ratio of 1.25.
Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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.
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