Barclays Sticks to Their Buy Rating for Schlumberger (SLB)

In a report released today, David Anderson from Barclays maintained a Buy rating on Schlumberger, with a price target of $49.00.

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Anderson covers the Energy sector, focusing on stocks such as Solaris Energy Infrastructure, Weatherford International, and Baker Hughes Company. According to TipRanks, Anderson has an average return of 5.6% and a 51.78% success rate on recommended stocks.

In addition to Barclays, Schlumberger also received a Buy from TipRanks – PerPlexity’s PerPlexity Oil and Gas Equipment and Services in a report issued today. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Schlumberger (NYSE: SLB).

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.