From MarketBeat:

Several investment analyst firms have assigned a “Moderate Buy” rating to Schlumberger Limited (NYSE:SLB). The stock’s average 1-year price objective as reported by brokers is $70.36. Shares of SLB opened at $48.55 with a market capitalization of $69.11 billion, a price-to-earnings ratio of 16.80, and a 50-day simple moving average of $52.36.

Schlumberger (NYSE:SLB) reported $0.78 EPS for the quarter, exceeding analysts’ $0.77 estimate, with revenue at $8.31 billion, slightly below the consensus estimate of $8.32 billion. Insider sales of company stock by CFO Stephane Biguet and others were reported, with 25,925 shares sold in the last three months.

Despite a “Moderate Buy” rating from analysts, Schlumberger is not a top recommendation from Wall Street’s best performing analysts. Additionally, top-rated analysts recommend other stocks, not Schlumberger, to their clients for better investment opportunities.

Institutional investors have bought and sold shares of SLB. Some, like Landmark Financial Advisors LLC and Miller Howard Investments Inc. NY, increased their holdings in the company. Schlumberger has a 0.23% insider ownership and 79.43% institutional ownership.

Schlumberger Limited offers technology for the energy industry worldwide through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. Services include field development, hydrocarbon production, carbon management, and other energy system integration.



Read more: Schlumberger Limited (NYSE:SLB) Given Average Rating of “Moderate Buy” by Analysts