Are Analysts Bullish about Schlumberger Limited (NYSE:SLB) after last week?

September 8, 2018 - By Carolyn Hewitt

Schlumberger Limited (NYSE:SLB) LogoInvestors sentiment increased to 1.2 in Q1 2018. Its up 0.54, from 0.66 in 2017Q4. It improved, 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.
Legal & General Public Limited Liability Corporation reported 6.60M shares. Prospector Ltd Liability Corp holds 0.37% or 39,000 shares in its portfolio. 10,442 were accumulated by Leisure Capital Management. The New York-based Eos Lp has invested 0.27% in Schlumberger Limited (NYSE:SLB). Institute For Wealth Mngmt Ltd Liability Corp reported 17,883 shares. Schaper Benz Wise Counsel Wi has 6,900 shares. Winslow Asset owns 106,161 shares. Private Asset Mgmt has 0.06% invested in Schlumberger Limited (NYSE:SLB) for 5,547 shares. Becker Capital Mngmt accumulated 1.25% or 581,772 shares. Boston Family Office Ltd Liability Corp owns 92,789 shares for 0.69% of their portfolio. Toronto Dominion Commercial Bank, Ontario – Canada-based fund reported 755,848 shares. Hall Laurie J Trustee invested in 0.52% or 13,056 shares. Marshwinds Advisory accumulated 20,847 shares. Cadence State Bank Na holds 0.52% or 20,355 shares. Wedgewood Inc holds 1.62M shares.

Since March 26, 2018, it had 3 insider buys, and 1 insider sale for $945,601 activity. Al Mogharbel Khaled had bought 3,000 shares worth $192,900 on Wednesday, March 28. 5,000 shares were bought by Schorn Patrick, worth $323,950 on Monday, March 26. Another trade for 10,000 shares valued at $646,800 was bought by KIBSGAARD PAAL.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Among 9 analysts covering Schlumberger Limited (NYSE:SLB), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Schlumberger Limited had 14 analyst reports since March 15, 2018 according to SRatingsIntel. On Friday, April 13 the stock rating was maintained by Cowen & Co with “Buy”. As per Monday, April 23, the company rating was maintained by Susquehanna. The rating was maintained by Jefferies with “Buy” on Wednesday, April 4. SunTrust maintained it with “Buy” rating and $8200 target in Monday, April 23 report. The firm earned “Buy” rating on Tuesday, April 3 by SunTrust. On Monday, July 23 the stock rating was maintained by Citigroup with “Buy”. The firm has “Buy” rating by Seaport Global given on Monday, April 23. The firm has “Buy” rating by Credit Suisse given on Monday, April 23. The firm has “Buy” rating given on Thursday, May 24 by Wells Fargo. Citigroup maintained Schlumberger Limited (NYSE:SLB) on Monday, June 25 with “Buy” rating. 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 decreased 0.85% or $0.51 during the last trading session, reaching $59.7. About 11.06M shares traded or 62.65% up from the average. Schlumberger Limited (NYSE:SLB) has declined 1.14% since September 8, 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 $82.63 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 recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “Schlumberger to sell marine seismic acquisition business in ~$600M deal” on August 22, 2018. Also Foxbusiness.com published the news titled: “Why Weatherford International Stock Tumbled More Than 25% in August” on September 08, 2018. Seekingalpha.com‘s news article titled: “Don’t Give Up On Schlumberger – Cramer’s Lightning Round (9/4/18)” with publication date: September 05, 2018 was also an interesting one.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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