Schlumberger (SLB) Posts Quarterly Results
Schlumberger (SLB) announced its earnings results on Friday. The company reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. The company’s revenue for the quarter was up 21.7% on a year-over-year basis.
A number of analysts have recently weighed in on SLB shares. Analysts at Zacks reiterated a “neutral” rating on shares of Schlumberger in a research note to investors on Friday, May 11st. They now have a $73.00 price target on the stock. On the ratings front, analysts at HSBC (NYSE: HBC) cut their price target on shares of Schlumberger from $94.00 to $91.00 in a research note to investors on Tuesday, April 24th. They now have an “overweight” rating on the stock. Finally, analysts at Citigroup (NYSE: C) raised their price target on shares of Schlumberger from $86.00 to $89.00 in a research note to investors on Monday, April 23rd.
Schlumberger (SLB) opened at 64.81 on Thursday. Schlumberger (SLB) has a 1-year low of $54.79 and a 1-year high of $95.53. The company has a market cap of $86.428 billion and a price-to-earnings ratio of 16.57.
Schlumberger Limited (Schlumberger) is a supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry.