In a report released on January 27, Stephen Gengaro from Stifel Nicolaus maintained a Buy rating on Schlumberger (SLB – Research Report), with a price target of $62.00. The company’s shares closed last Friday at $56.97.
Gengaro covers the Industrial Goods sector, focusing on stocks such as Schlumberger, ProFrac Holding, and Generac Holdings. According to TipRanks, Gengaro has an average return of 12.0% and a 49.21% success rate on recommended stocks.
In addition to Stifel Nicolaus, Schlumberger also received a Buy from Barclays’s David Anderson in a report issued on January 25. However, on January 12, Wolfe Research downgraded Schlumberger (NYSE: SLB) to a Hold.
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The company has a one-year high of $62.78 and a one-year low of $30.40. Currently, Schlumberger has an average volume of 11.44M.
Based on the recent corporate insider activity of 86 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. Earlier this month, Sonthalia Rajeev, the Pres Digital & Integration of SLB sold 65,740.00 shares for a total of $3,688,598.46.
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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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