Discussion stirs around Schlumberger Limited (NYSE:SLB) this week; here is what analysts are saying.

July 27, 2018 - By Megan Stone

Schlumberger Limited (NYSE:SLB) LogoInvestors sentiment increased to 1.2 in Q1 2018. Its up 0.54, from 0.66 in 2017Q4. It is positive, as 60 investors sold Schlumberger Limited shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported.
Welch & Forbes Ltd Liability Co invested 0.97% of its portfolio in Schlumberger Limited (NYSE:SLB). Westwood Holdings Grp owns 92,993 shares for 0.05% of their portfolio. Pillar Pacific Mgmt Ltd Liability holds 0.38% of its portfolio in Schlumberger Limited (NYSE:SLB) for 48,985 shares. 15,446 were accumulated by Wafra Inv Advisory Inc. Linscomb Williams holds 24,892 shares or 0.14% of its portfolio. Klingenstein Fields & Limited Liability Corp has invested 0.93% in Schlumberger Limited (NYSE:SLB). Richard Bernstein Ltd Llc owns 87,036 shares or 0.2% of their US portfolio. Sumitomo Mitsui Asset Mngmt stated it has 0.13% in Schlumberger Limited (NYSE:SLB). Swarthmore Group Inc Inc stated it has 1.37% in Schlumberger Limited (NYSE:SLB). Bollard Grp Inc Ltd Liability Co owns 0.05% invested in Schlumberger Limited (NYSE:SLB) for 16,155 shares. Argent Cap Mgmt Limited Liability Company holds 422,260 shares. 60,046 are held by Wasatch. Seabridge Investment Limited Company holds 2,860 shares. 1St Source Retail Bank, a Indiana-based fund reported 34,635 shares. Capital Innovations Limited Com holds 2.56% of its portfolio in Schlumberger Limited (NYSE:SLB) for 16,099 shares.

Since March 26, 2018, it had 3 buys, and 1 sale for $945,601 activity. Al Mogharbel Khaled bought $192,900 worth of stock or 3,000 shares. Schorn Patrick bought $323,950 worth of stock or 5,000 shares. $646,800 worth of Schlumberger Limited (NYSE:SLB) was bought by KIBSGAARD PAAL on Monday, March 26.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Among 11 analysts covering Schlumberger (NYSE:SLB), 11 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Schlumberger has $9000 highest and $75.0 lowest target. $81.30’s average target is 21.60% above currents $66.86 stock price. Schlumberger had 16 analyst reports since February 12, 2018 according to SRatingsIntel. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Tuesday, April 3 by SunTrust. The rating was maintained by Cowen & Co with “Buy” on Friday, April 13. Credit Suisse maintained the shares of SLB in report on Monday, July 23 with “Outperform” rating. Cowen & Co maintained it with “Buy” rating and $81.0 target in Thursday, March 15 report. The firm earned “Buy” rating on Monday, April 23 by SunTrust. The company was maintained on Monday, April 23 by Credit Suisse. Wells Fargo maintained Schlumberger Limited (NYSE:SLB) rating on Thursday, May 24. Wells Fargo has “Buy” rating and $8200 target. Jefferies maintained it with “Buy” rating and $8500 target in Wednesday, April 4 report. Bank of America upgraded Schlumberger Limited (NYSE:SLB) on Monday, February 26 to “Buy” rating. The rating was maintained by Seaport Global on Monday, April 23 with “Buy”. Below is a list of Schlumberger Limited (NYSE:SLB) latest ratings and price target changes.

23/07/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $78 New Target: $77 Maintain
23/07/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $80 New Target: $82 Maintain
25/06/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $79 New Target: $78 Maintain
21/06/2018 Broker: FBR Capital Rating: Buy New Target: $90.0000 Maintain
13/06/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $84 New Target: $79 Maintain
24/05/2018 Broker: Wells Fargo Rating: Buy New Target: $82.0000 Maintain
23/04/2018 Broker: Susquehanna Rating: Buy New Target: $87.0000 Maintain
23/04/2018 Broker: Seaport Global Rating: Buy New Target: $76.0000 Maintain
23/04/2018 Broker: Credit Suisse Rating: Buy New Target: $80.0000 Maintain
23/04/2018 Broker: SunTrust Rating: Buy New Target: $82.0000 Maintain

The stock increased 1.64% or $1.08 during the last trading session, reaching $66.86. About 6.50 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since July 27, 2017 and is downtrending. It has underperformed by 13.71% the S&P500.

Schlumberger Limited supplies technology services and products to the gas and oil exploration and production industry worldwide. The company has market cap of $92.54 billion. The Company’s Reservoir Characterization Group segment provides reservoir imaging, monitoring, and development services; wireline technologies for open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services comprising surface and downhole services; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services. It currently has negative earnings. The Company’s Drilling Group segment designs, makes, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems; provides pressure drilling and underbalanced drilling solutions, and environmental services and products; mud logging services; land drilling rigs and support services; and well planning and drilling, engineering, supervision, logistics, procurement, contracting, and drilling rig management services, as well as bottom-hole-assembly, borehole-enlargement technologies, impact tools, tubulars, and tubular services.

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “Revisiting Schlumberger” on July 22, 2018, also Seekingalpha.com with their article: “Schlumberger Now Taking Market Share With OneStim” published on July 24, 2018, Seekingalpha.com published: “Schlumberger’s Business Is Recovering” on July 24, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Seekingalpha.com and their article: “Schlumberger Limited’s (SLB) CEO Paal Kibsgaard on Q2 2018 Results – Earnings Call Transcript” published on July 20, 2018 as well as Seekingalpha.com‘s news article titled: “Schlumberger: Beat And Scarred, But Not Broken” with publication date: July 24, 2018.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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