In a report released yesterday, 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 yesterday at $55.86.
According to TipRanks, Gengaro is a 5-star analyst with an average return of 11.9% and a 48.00% success rate. Gengaro covers the Industrial Goods sector, focusing on stocks such as Schlumberger, Nextier Oilfield Solutions, and ProFrac Holding.
In addition to Stifel Nicolaus, Schlumberger also received a Buy from Susquehanna’s Charles Minervino in a report issued yesterday. However, on January 12, Wolfe Research downgraded Schlumberger (NYSE: SLB) to a Hold.
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SLB market cap is currently $81.32B and has a P/E ratio of 23.96.
Based on the recent corporate insider activity of 88 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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