Barclays Downgrades Schlumberger to Hold

By Austin Angelo

Schlumberger (NYSE: SLB) received a Hold rating from Barclays analyst David Anderson today. The company’s shares closed yesterday at $66.75, close to its 52-week low of $66.04.

According to, Anderson is a 1-star analyst with an average return of -2.0% and a 41.5% success rate. Anderson covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Mammoth Energy Services, and Frank’s International.

Schlumberger has an analyst consensus of Strong Buy, with a price target consensus of $93.11.

The company has a one year high of $87.84 and a one year low of $66.04. Currently, Schlumberger has an average volume of 7.4M.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Aaron Gatt Floridia, the President of SLB sold 40,000 shares for a total of $2,766,800.

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Schlumberger NV engages in the business of information and technology. It provides integrated project management solutions to the international oil and gas exploration and production industries. It operates through the following segments: reservoir characterization group, drilling group, production group. The reservoir characterization group segment consists of the principal technologies involved in finding and defining hydrocarbon resources such as WesterGeco, Wireline, testing services, software integrated solutions and integrated services management. The drilling segment group segment refers to principal technologies engaged in the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs, and integrated drilling services. The production group segment provides technologies involves in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.