RBC Capital Sticks to Their Buy Rating for Schlumberger (SLB)

In a report released yesterday, Keith Mackey from RBC Capital maintained a Buy rating on Schlumberger, with a price target of $61.00.

Claim 30% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

According to TipRanks, Mackey is a top 100 analyst with an average return of 27.1% and a 66.67% success rate. Mackey covers the Energy sector, focusing on stocks such as Nabors Industries, Helmerich & Payne, and Precision Drilling.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Schlumberger with a $56.36 average price target.

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.