Stifel Nicolaus analyst Stephen Gengaro maintained a Buy rating on Schlumberger (SLB – Research Report) today and set a price target of $64.00. The company’s shares closed last Friday at $49.85.
Gengaro covers the Energy sector, focusing on stocks such as Core Laboratories, Baker Hughes Company, and DMC Global. According to TipRanks, Gengaro has an average return of 3.1% and a 41.96% success rate on recommended stocks.
Schlumberger has an analyst consensus of Strong Buy, with a price target consensus of $67.14, which is a 34.68% upside from current levels. In a report released today, Barclays also assigned a Buy rating to the stock with a $70.00 price target.
The company has a one-year high of $61.47 and a one-year low of $41.88. Currently, Schlumberger has an average volume of 10.73M.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on SLB:
- SLB Earnings: SLB Reports Better-than-Expected Revenues in Q1
- Unusually active option classes on open April 19th
- Schlumberger Limited Unveils Operational and Financial Insights
- Options Volatility and Implied Earnings Moves Today, April 19, 2024
- SLB targeting to return $7B to shareholders over 2024-2025
