Argus Maintains "Buy" Rating on Schlumberger; Cuts Earnings Estimates (SLB)

Argus Maintains “Buy” Rating on Schlumberger; Cuts Earnings Estimates (SLB)

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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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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