Schlumberger Stock Rating Reaffirmed by TheStreet (SLB)
The analysts wrote, “Schlumberger (SLB) has been reiterated by TheStreet Ratings as a hold with a ratings score of C . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins.”
A number of other analysts have also recently weighed in on SLB. Analysts at Guggenheim cut their price target on shares of Schlumberger from $90.00 to $87.00 in a research note to investors on Thursday, March 21st. They now have a “buy” rating on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of Schlumberger in a research note to investors on Thursday, March 21st. They now have a $103.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Schlumberger from $80.00 to $82.00 in a research note to investors on Thursday, March 14th. They now have an “outperform” rating on the stock.
Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $90.65.
Shares of Schlumberger (NYSE: SLB) traded up 0.38% during mid-day trading on Monday, hitting $74.63. Schlumberger has a 52 week low of $59.12 and a 52 week high of $82.00. The stock’s 50-day moving average is currently $76.40. The company has a market cap of $99.128 billion and a P/E ratio of 18.14.
Schlumberger (NYSE: SLB) last announced its earnings results on Friday, January 18th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by $0.05. The company had revenue of $11.17 billion for the quarter, compared to the consensus estimate of $10.82 billion. During the same quarter last year, the company posted $1.11 earnings per share. Schlumberger’s revenue was up 8.5% compared to the same quarter last year. Analysts expect that Schlumberger will post $4.71 EPS for the current fiscal year.
Schlumberger Limited (NYSE: SLB) provides a range of products and services from exploration through production.
To view TheStreet’s full report, visit www.thestreetratings.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.