What is Wall Street's Target Price for Schlumberger NV (SLB) Stock Wednesday?

Wall Street is positive on Schlumberger NV (SLB). On average, analysts give Schlumberger NV a Strong Buy rating. The average price target is $47.731, which means analysts expect the stock to increase by 12.52% over the next twelve months. That average ranking earns Schlumberger NV an Analyst Rating of 63, which is better than 63% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating SLB a Strong Buy today. Find out what this means to you and get the rest of the rankings on SLB!

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Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Schlumberger NV Stock Today?

Schlumberger NV (SLB) stock is trading at $42.42 as of 10:26 AM on Wednesday, May 18, a loss of -$0.55, or -1.28% from the previous closing price of $42.97. The stock has traded between $42.39 and $43.52 so far today. Volume today is below average. So far 1,075,688 shares have traded compared to average volume of 12,142,700 shares. Click Here to get the full Stock Report for Schlumberger NV stock.