Revenue Update on Schlumberger Limited.(NYSE:SLB)

Schlumberger Limited.(NYSE:SLB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $7.16B. Analysts estimated a revenue of $7.09B. Earnings per share were $0.23. Analysts had estimated an EPS of $0.22.

In a different note, On Jul 11, 2016, Jefferies said it Maintains its rating on Schlumberger Limited.. In the research note, the firm Raises the price-target to $80.00 per share. The shares have been rated ‘Hold’ by the firm. On May 23, 2016, Goldman Sachs said it Upgrades its rating on Schlumberger Limited.. The shares have been rated ‘Conviction Buy’ by the firm. On May 12, 2016, Scotia Howard Weil said it Downgrades its rating on Schlumberger Limited.. The shares have been rated ‘Sector Ourperform’ by the firm. On May 10, 2016, Guggenheim Securities said it Upgrades its rating on Schlumberger Limited.. The shares have been rated ‘Neutral’ by the firm. On Apr 28, 2016, Societe Generale said it Downgrades its rating on Schlumberger Limited.. In the research note, the firm Lowers the price-target to $90.00 per share. The shares have been rated ‘Hold’ by the firm. On Apr 26, 2016, Barclays said it Maintains its rating on Schlumberger Limited.. In the research note, the firm Lowers the price-target to $93.00 per share. The shares have been rated ‘Overweight’ by the firm.

Schlumberger Limited. (SLB) made into the market gainers list on Wednesdays trading session with the shares advancing 0.99% or 0.79 points. Due to strong positive momentum, the stock ended at $80.6, which is also near the day’s high of $80.83. The stock began the session at $79.43 and the volume stood at 59,37,862 shares. The 52-week high of the shares is $86.61 and the 52 week low is $59.6. The company has a current market capitalization of $100,938 M and it has 1,25,23,34,170 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Paal Kibsgaard (Chief Executive Officer) sold 32,857 shares at $80.00 per share price.Also, On Jun 8, 2016, Patrick Schorn (President) sold 9,128 shares at $80.27 per share price.On May 31, 2016, Lubna S. Olayan (director) purchased 1,500 shares at $77.07 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.

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