.png "Schlumberger (NYSE: SLB)")
In a report released today, Connor Lynagh from Morgan Stanley maintained a Buy rating on Schlumberger (SLB), with a price target of $23.00. The company’s shares closed last Thursday at $17.13.
According to TipRanks.com, Lynagh has 0 stars on 0-5 stars ranking scale with an average return of -17.9% and a 34.5% success rate. Lynagh covers the Services sector, focusing on stocks such as Independence Contract Drilling, Nextier Oilfield Solutions, and Liberty Oilfield Services.
Schlumberger has an analyst consensus of Moderate Buy, with a price target consensus of $19.63.
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The company has a one-year high of $41.40 and a one-year low of $11.87. Currently, Schlumberger has an average volume of 16.78M.
Based on the recent corporate insider activity of 141 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. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group segment includes the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs and integrated drilling services. The Production Group segment provides technologies in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.
