Schlumberger (SLB) Receives a Buy from RBC Capital

RBC Capital analyst Keith Mackey maintained a Buy rating on Schlumberger (SLBResearch Report) on May 18 and set a price target of $52.00. The company’s shares closed last Thursday at $40.85.

According to, Mackey is a top 100 analyst with an average return of 35.8% and a 76.6% success rate. Mackey covers the Industrial Goods sector, focusing on stocks such as Liberty Oilfield Services, Baker Hughes Company, and Trican Well Service.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Schlumberger with a $50.73 average price target.

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Based on Schlumberger’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.96 billion and net profit of $510 million. In comparison, last year the company earned revenue of $5.22 billion and had a net profit of $299 million.

Based on the recent corporate insider activity of 78 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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