Schlumberger (SLB) Receives a Buy from Jefferies

Jefferies analyst Lloyd Byrne maintained a Buy rating on Schlumberger yesterday and set a price target of $58.00.

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Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, EQT, and Baker Hughes Company. According to TipRanks, Byrne has an average return of 21.0% and a 62.06% success rate on recommended stocks.

In addition to Jefferies, Schlumberger also received a Buy from BMO Capital’s Phillip Jungwirth in a report issued yesterday. However, on the same day, TipRanks – Google downgraded Schlumberger (NYSE: SLB) to a Hold.

Based on Schlumberger’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $9.75 billion and a net profit of $800 million. In comparison, last year the company earned a revenue of $9.28 billion and had a net profit of $1.1 billion

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SLB in relation to earlier this year. Last month, Patrick de La Chevardiere, a Director at SLB sold 4,000.00 shares for a total of $208,100.00.