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.

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Posted by Web Inquirer Staff on 17 May 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.