Schlumberger (NYSE:SLB)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a research report issued on Friday, StockRatingsNetwork.com reports.
The analysts wrote, “Schlumberger (SLB) has been reiterated by TheStreet Ratings as a buy with a ratings score of B-. The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.”
A number of other firms have also recently commented on SLB. Analysts at S&P Equity Research upgraded shares of Schlumberger to a “buy” rating in a research note to investors on Wednesday, December 18th. Separately, analysts at Susquehanna cut their price target on shares of Schlumberger from $108.00 to $107.00 in a research note to investors on Tuesday, December 17th. They now have a “positive” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Schlumberger from $124.00 to $138.00 in a research note to investors on Tuesday, December 17th. They now have an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Schlumberger presently has a consensus rating of “Buy” and a consensus price target of $104.76.
Schlumberger (NYSE:SLB) traded up 0.46% on Friday, hitting $89.80. The stock had a trading volume of 2,248,652 shares. Schlumberger has a 52 week low of $67.64 and a 52 week high of $94.91. The stock’s 50-day moving average is $89.25 and its 200-day moving average is $84.65. The company has a market cap of $118.3 billion and a P/E ratio of 18.59.
Schlumberger (NYSE:SLB) last released its earnings data on Friday, October 18th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.24 by $0.05. The company had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.58 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts expect that Schlumberger will post $4.80 EPS for the current fiscal year.
Schlumberger Limited (NYSE:SLB) is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.