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RBC Capital Believes Schlumberger (SLB) Still Has Room to Grow

In a report issued on April 13, Keith Mackey from RBC Capital maintained a Buy rating on Schlumberger (SLBResearch Report), with a price target of $52.00. The company’s shares closed last Thursday at $43.25, close to its 52-week high of $46.27.

According to TipRanks.com, Mackey is a top 100 analyst with an average return of 39.2% and a 74.0% success rate. Mackey covers the Industrial Goods sector, focusing on stocks such as Liberty Oilfield Services, Baker Hughes Company, and Trican Well Service.

Schlumberger has an analyst consensus of Strong Buy, with a price target consensus of $47.76, representing a 12.7% upside. In a report issued on March 31, Wells Fargo also maintained a Buy rating on the stock with a $56.00 price target.

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Schlumberger’s market cap is currently $61.12B and has a P/E ratio of 32.75.

Based on the recent corporate insider activity of 74 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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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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