Schlumberger N.V. (SLB) Shares are Down -2.89%

Schlumberger N.V. (SLB) has risen sharply, recording gains of 0.47% in the past 4 weeks. However, the stock has corrected -2.89% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.68% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.54% and the fifty day Moving Average is 1.42%. Schlumberger Limited is up 4.83% in the last three month period. Year-to-Date the stock performance stands at 17.59%.

Schlumberger N.V. (SLB) : The highest level Schlumberger N.V. (SLB) is projected to reach is $110 for the short term and the lowest estimate is at $74. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $93.61 and the possibility the share price can swing is $9.23.


Schlumberger N.V. (NYSE:SLB): On Fridays trading session , Opening price of the stock was $81.28 with an intraday high of $82.03. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $80.47. However, the stock managed to close at $80.9, a loss of 0.54% for the day. On the previous day, the stock had closed at $81.34. The total traded volume of the day was 4,535,379 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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