Argus Maintains “Buy” Rating on Schlumberger; Cuts Earnings Estimates (SLB)
Argus reported on Thursday that it has lowered its estimates on oilfield services company, Schlumberger Limited (SLB).
The firm has reduced its estimates for SLB, but has reiterated a “Buy” rating and $90 price target on the company. This price target suggests a 14% upside from the stock’s current price of $77.
Schlumberger shares were mostly flat during Thursday morning trading. The stock has increased 13% in the past year.
The Bottom Line
Shares of Schlumberger Limited. (SLB) have a 1.62% yield, based on Thursday morning’s price of $77.03.
Schlumberger Limited. (SLB) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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