Loop Capital Initiates Coverage on Schlumberger Limited. to Buy

Loop Capital Initiates Coverage on Schlumberger Limited.(NYSE:SLB). The shares have been rated Buy. The rating by Loop Capital was issued on Sep 30, 2016.

In a different note, On Sep 12, 2016, Citigroup said it Maintains its rating on Schlumberger Limited.. In the research note, the firm Lowers the price-target to $92.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 16, 2016, Nomura said it Maintains its rating on Schlumberger Limited.. In the research note, the firm Raises the price-target to $88.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 25, 2016, Jefferies said it Maintains its rating on Schlumberger Limited.. In the research note, the firm Raises the price-target to $85.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 25, 2016, Goldman Sachs said it Maintains its rating on Schlumberger Limited.. In the research note, the firm Raises the price-target to $94.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 25, 2016, UBS said it Maintains its rating on Schlumberger Limited.. The shares have been rated ‘Buy’ by the firm. On Jul 19, 2016, Societe Generale said it Upgrades its rating on Schlumberger Limited.. The shares have been rated ‘Buy’ by the firm.

Schlumberger Limited. (SLB) shares turned negative on Tuesdays trading session with the shares closing down -0.36 points or -0.46% at a volume of 52,11,096. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $79.1. The peak price level was also seen at $79.1 while the days lowest was $78.3401. Finally the shares closed at $78.54. The 52-week high of the shares is $83.97 while the 52-week low is $59.6. According to the latest information available, the market cap of the company is $109,225 M.

Schlumberger Limited.(SLB) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $7.16B. Analysts had an estimated revenue of $7.09B. Earnings per share were $0.23. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On Aug 29, 2016, Michael E Marks (director) sold 13,600 shares at $81.19 per share price.Also, On Aug 19, 2016, Simon Ayat (Chief Financial Officer) sold 50,000 shares at $83.68 per share price.On Aug 4, 2016, Stephane Biguet (VP Controller) sold 4,227 shares at $78.52 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Schlumberger Limited. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Schlumberger Limited.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.