In a report released yesterday, Keith Mackey from RBC Capital maintained a Buy rating on Schlumberger (SLB – Research Report), with a price target of $69.00. The company’s shares closed yesterday at $54.68.
According to TipRanks, Mackey is a top 100 analyst with an average return of 25.4% and a 69.26% success rate. Mackey covers the Energy sector, focusing on stocks such as Schlumberger, Baker Hughes Company, and Halliburton.
Currently, the analyst consensus on Schlumberger is a Strong Buy with an average price target of $69.42, representing a 26.96% upside. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $68.00 price target.
Based on Schlumberger’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.31 billion and a net profit of $1.12 billion. In comparison, last year the company earned a revenue of $7.48 billion and had a net profit of $907 million
Based on the recent corporate insider activity of 93 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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Schlumberger (SLB) Company Description:
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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