Investment analysts at Oddo Securities assumed coverage on shares of Schlumberger (NYSE:SLB) in a research report issued on Thursday, Benzinga reports. The brokerage set an “outperform” rating and a $44.50 price target on the oil and gas company’s stock. Oddo Securities’ price objective points to a potential upside of 35.84% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and set a $37.00 price target on shares of Schlumberger in a research report on Thursday, September 9th. Cowen reissued an “outperform” rating and set a $29.03 price target (down previously from $32.00) on shares of Schlumberger in a research report on Monday, July 26th. Morgan Stanley lifted their price objective on Schlumberger from $32.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, July 9th. JPMorgan Chase & Co. raised Schlumberger from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $28.00 to $37.00 in a research report on Thursday, October 7th. Finally, HSBC raised Schlumberger from a “reduce” rating to a “hold” rating and lifted their price objective for the company from $18.10 to $25.00 in a research report on Wednesday, August 4th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Schlumberger currently has an average rating of “Buy” and a consensus price target of $32.03.
Shares of SLB stock opened at $32.76 on Thursday. The stock has a fifty day moving average price of $28.73 and a 200 day moving average price of $29.75. The stock has a market cap of $45.81 billion, a PE ratio of 45.50 and a beta of 2.39. Schlumberger has a 1 year low of $13.70 and a 1 year high of $36.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.00 and a current ratio of 1.37.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corsicana & Co. acquired a new stake in Schlumberger in the second quarter worth approximately $26,000. Eagle Bay Advisors LLC acquired a new stake in Schlumberger in the second quarter worth approximately $27,000. Cowen Prime Advisors LLC acquired a new stake in Schlumberger in the second quarter worth approximately $27,000. Bridge Creek Capital Management LLC lifted its position in shares of Schlumberger by 200.0% during the 2nd quarter. Bridge Creek Capital Management LLC now owns 921 shares of the oil and gas company’s stock valued at $251,000 after acquiring an additional 614 shares during the last quarter. Finally, Sierra Capital LLC acquired a new stake in shares of Schlumberger during the 1st quarter valued at $26,000. Hedge funds and other institutional investors own 76.26% of the company’s stock.
Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration; Reservoir Performance; Well Construction; and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.
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