Schlumberger N.V. (SLB) : Analyst Rating Update

Schlumberger N.V. (SLB) : 26 analysts are covering Schlumberger N.V. (SLB) and their average rating on the stock is 1.69, which is read as a Buy. 17 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Schlumberger N.V. (SLB) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Schlumberger N.V. (SLB) : The most positive equity analysts on Schlumberger N.V. (SLB) expects the shares to touch $110, whereas, the least positive believes that the stock will trade at $68 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $88 with an expected fluctuation of $9.59 from the mean.

Schlumberger N.V. (NYSE:SLB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.43 and $76.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.11. The buying momentum continued till the end and the stock did not give up its gains. It closed at $78.06, notching a gain of 0.55% for the day. The total traded volume was 4,562,841 . The stock had closed at $77.63 on the previous day.

Also, Major Brokerage house, Goldman Sachs upgrades its ratings on Schlumberger N.V. (NYSE:SLB). According to the latest information available, the shares are now rated Conviction Buy by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 23, 2016. The company shares have dropped -6.38% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $92.67 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $77.20 and the 200 Day Moving Average price is recorded at $73.42.

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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