Large Inflow of Money Witnessed in Schlumberger N.V.

Schlumberger N.V. (SLB) : $71.09 million worth of transactions were on upticks in Schlumberger N.V. (SLB), compared to $63.11 million on downticks. The ratio between the two was 1.13, whereas, the net money flow stood at a healthy $7.98 million on Thursdays session.The block trades show a bullish bias with only $0.81 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $5.72million worth of trades. The up-down ratio between the uptick and downtick was 7.1, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $4.91 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.45%. The stock was trading at $77.71, with a drop of $0.35 over the previous days close. The stock recorded -2.28% for the week.


Schlumberger N.V. (SLB) : 19 investment research analysts covering Schlumberger N.V. (SLB) have an average price target of $88 for the near short term. The highest target price given by the Brokerage Firm to the stock is $110 and the lowest target is $68 for the short term. Analysts expect the variance to be within $9.59 of the average price. The stock has recorded a 20-day Moving Average of 0.36% and the 50-Day Moving Average is 1.29%.

Schlumberger N.V. (NYSE:SLB): The stock opened at $78.30 on Thursday but the bulls could not build on the opening and the stock topped out at $79.22 for the day. The stock traded down to $77.01 during the day, due to lack of any buying support eventually closed down at $77.70 with a loss of -0.46% for the day. The stock had closed at $78.06 on the previous day. The total traded volume was 4,922,481 shares.

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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