Morgan Stanley analyst Connor Lynagh maintained a Buy rating on Schlumberger Limited (SLB) today and set a price target of $50.00. The company’s shares closed last Monday at $31.64, close to its 52-week low of $31.03.
According to TipRanks.com, Lynagh has 0 stars on 0-5 star ranking scale with an average return of -12.4% and a 21.2% success rate. Lynagh covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Diamond Offshore Drilling, and Oil States International.
Schlumberger Limited has an analyst consensus of Moderate Buy, with a price target consensus of $45.17.
See today’s analyst top recommended stocks >>
The company has a one-year high of $63.65 and a one-year low of $31.03. Currently, Schlumberger Limited has an average volume of 11.15M.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
