Schlumberger N.V. (SLB) : Traders are bullish on Schlumberger N.V. (SLB) as it has outperformed the S&P 500 by a wide margin of 0.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.42%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.84% in the last 1 week, and is up 3.12% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Schlumberger N.V. (NYSE:SLB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.62 and $80.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.20, notching a gain of 1.01% for the day. The total traded volume was 6,838,614 . The stock had closed at $80.39 on the previous day.
The stock has recorded a 20-day Moving Average of 1.91% and the 50-Day Moving Average is 3.43%. Schlumberger Limited is up 8.79% in the last 3-month period. Year-to-Date the stock performance stands at 18.03%.
Schlumberger N.V. (SLB) : Currently there are 18 street experts covering Schlumberger N.V. (SLB) stock. The most bullish and bearish price target for the stock is $110 and $74 respectively for the short term. The average price target of all the analysts comes to $92.89. The estimated standard deviation from the target is $9.44.
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.