Brokerage Firm Rating Update on Schlumberger N.V. (SLB)

Schlumberger N.V. (SLB) : The consensus on Schlumberger N.V. (SLB) based on 25 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 18 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Schlumberger N.V. (SLB).

Schlumberger N.V. (SLB) : The highest short term price target forecast on Schlumberger N.V. (SLB) is $110 and the lowest target price is $74. A total of 18 equity analysts are currently covering the company. The average price of all the analysts is $93.5 with a standard deviation of $9.22.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Nomura maintains its rating on Schlumberger N.V. (NYSE:SLB). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Nomura raises the price target from $88 per share to $91 per share. The rating by the firm was issued on August 16, 2016.

Schlumberger N.V. (NYSE:SLB): stock was range-bound between the intraday low of $78.48 and the intraday high of $79.05 after having opened at $78.83 on Wednesdays session. The stock finally closed in the red at $78.83, a loss of -0.22%. The stock remained in the red for the whole trading day. The total traded volume was 3,970,697 shares. The stock failed to cross $79.05 in Wednesdays trading. The stocks closing price on Thursday was $78.78.

Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three Groups, which include Reservoir Characterization Group, which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling Group, which consists of the principal technologies involved in the drilling and positioning of oil and gas wells, and Production Group, which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Well Intervention, Water Services and the Schlumberger Production Management field production projects.

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