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Evercore ISI Believes Schlumberger (SLB) Won’t Stop Here

In a report released yesterday, James West from Evercore ISI maintained a Buy rating on Schlumberger (SLBResearch Report), with a price target of $48.00. The company’s shares closed last Monday at $36.60, close to its 52-week high of $38.53.

According to TipRanks.com, West is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -21.6% and a 30.9% success rate. West covers the Industrial Goods sector, focusing on stocks such as National Energy Services Reunited, Nextier Oilfield Solutions, and Fluence Energy Inc Class A.

Schlumberger has an analyst consensus of Strong Buy, with a price target consensus of $43.25, implying a 22.6% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Buy rating on the stock with a $44.00 price target.

See today’s best-performing stocks on TipRanks >>

Schlumberger’s market cap is currently $51.34B and has a P/E ratio of 27.72.

Based on the recent corporate insider activity of 58 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.

Founded in 1926, Schlumberger NV is an oilfield services company, which provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.

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