Schlumberger’s Hold Rating Reaffirmed at TheStreet (SLB)
Schlumberger (NYSE:SLB)‘s stock had its “hold” rating reaffirmed by equities research analysts at TheStreet in a research note issued to investors on Tuesday, American Banking News reports.
The analysts wrote, “Schlumberger (SLB) has been reiterated by TheStreet Ratings as a hold with a ratings score of C. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we find that the company’s profit margins have been poor overall.”
Schlumberger (NYSE:SLB) traded up 0.93% on Tuesday, hitting $83.19. 1,919,210 shares of the company’s stock traded hands. Schlumberger has a 52-week low of $66.85 and a 52-week high of $85.02. The stock’s 50-day moving average is $81. and its 200-day moving average is $76.54. The company has a market cap of $110.1 billion and a price-to-earnings ratio of 17.97.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, July 19th. The company reported $1.15 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.11 by $0.04. The company had revenue of $11.18 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter last year, the company posted $1.05 earnings per share. Schlumberger’s revenue was up 8.1% compared to the same quarter last year. On average, analysts predict that Schlumberger will post $4.76 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Schlumberger (NYSE:SLB) from $104.00 to $123.00 in a research note to investors on Monday, August 12th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Schlumberger (NYSE:SLB) in a research note to investors on Wednesday, August 7th. They now have a $86.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Schlumberger (NYSE:SLB) from $85.00 to $97.00 in a research note to investors on Wednesday, July 24th. They now have an “outperform” rating on the stock.
Five analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $94.40.
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.
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