Schlumberger (SLB) Receives a Buy from RBC Capital
RBC Capital analyst Keith Mackey maintained a Buy rating on Schlumberger (SLB – Research Report) yesterday and set a price target of $48.00. The company's shares closed yesterday at $33.83.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Mackey is a 5-star analyst with an average return of 16.9% and a 56.70% success rate. Mackey covers the Energy sector, focusing on stocks such as Baker Hughes Company, Patterson-UTI, and Atlas Energy Solutions.
Currently, the analyst consensus on Schlumberger is a Strong Buy with an average price target of $46.46, implying a 37.33% upside from current levels. In a report released on June 25, Jefferies also reiterated a Buy rating on the stock with a $53.00 price target.
The company has a one-year high of $50.94 and a one-year low of $31.11. Currently, Schlumberger has an average volume of 17.47M.
Based on the recent corporate insider activity of 67 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 5,000.00 shares for a total of $167,900.00.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
19 minutes ago
- Business Insider
3 Economic Events That Could Affect Your Portfolio This Week, June 30 – July 4, 2025
Stocks surged, with the S&P 500 (SPX) and the tech-heavy Nasdaq-100 (NDX) reaching new records, rising 3.44% and 4.20%, respectively, for the week. After bouncing roughly 24% and 30% in less than three months, these indexes have now officially clocked in a V-shaped recovery. Meanwhile, the Dow Jones Industrial Average (DJIA) ended the weekly session with a gain of 3.82%, bringing its recovery from April's low to 19.7% and closing less than 3% below its all-time high. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Stocks hit these milestones thanks to strong investor enthusiasm for tech shares, particularly those in the AI sector, and rising hopes for a Fed rate cut later this year. The White House's announcement about signing a trade deal with China and the reveal of imminent plans to reach agreements with 10 major trading partners further jolted the markets. These developments overshadowed a dose of negativity from President Trump's abrupt termination of trade talks with Canada over its proposed digital services tax. Moreover, some good news also appeared on the macroeconomic front – particularly where it really matters for stocks – in forward-looking indicators. Although the Fed's preferred inflation gauge – core PCE – showed that price increases accelerated in May, the June consumer sentiment index jumped to a four-month high, as inflation expectations of U.S. households significantly improved. This mixed bag of data hasn't simplified the Fed's path to a rate-cut decision, with the governors seemingly in disagreement. Last week, Fed Chair Jerome Powell said he expects to see a pickup in inflation this summer and judged it best to continue with the 'wait and see' approach. Conversely, his colleagues Michelle Bowman and Chris Waller said they now see the central bank cutting rates as soon as July. Despite the unexpected resilience, the economy continues to gradually decelerate, with expenditures displaying weakness and unemployment expected to increase. U.S. stock markets will be closed on Friday, July 4, in observance of Independence Day. Three Economic Events Here are three key economic events that could affect your portfolio this week. For a full listing of additional economic reports, check out the TipRanks Economic Calendar. » June's ISM Manufacturing PMI – Tuesday, 07/01 – This report shows business conditions in the U.S. manufacturing sector and serves as a significant indicator of overall economic conditions. PMIs are considered one of the most reliable leading indicators for assessing the state of the U.S. economy, helping analysts and economists anticipate changing economic trends. » June's Nonfarm Payrolls and Unemployment Rate – Thursday, 07/03 – The Nonfarm Payrolls and Unemployment reports represent the number of new jobs created during the previous month, along with the percentage of people actively seeking employment in the previous month. These reports are two of the most important economic indicators, as the shift in the number of positions is strongly associated with the overall health of the economy. One of the Federal Reserve's mandates is full employment, and it considers labor market changes when determining its policy decisions. » June's ISM Services PMI – Thursday, 07/03 – This report reflects business conditions in the U.S. services sector, which contributes over 70% of the U.S. GDP. PMI indices are leading economic indicators used by economists and analysts to gain timely insights into changing economic conditions, as the direction and rate of change in the PMIs usually precede changes in the overall economy.
Business Insider
19 minutes ago
- Business Insider
Macquarie Keeps Their Buy Rating on Genesis Minerals Limited (GMD)
Macquarie analyst Andrew Bowler maintained a Buy rating on Genesis Minerals Limited (GMD – Research Report) on June 27 and set a price target of A$5.70. The company's shares closed last Friday at A$4.34. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Bowler is a 5-star analyst with an average return of 25.8% and a 65.58% success rate. Bowler covers the Basic Materials sector, focusing on stocks such as Perseus Mining , Resolute Mining , and Ramelius Resources Limited. Genesis Minerals Limited has an analyst consensus of Moderate Buy, with a price target consensus of A$4.54, which is a 4.61% upside from current levels. In a report released on June 17, UBS also maintained a Buy rating on the stock with a A$5.50 price target. Based on Genesis Minerals Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$338.73 million and a net profit of A$59.8 million. In comparison, last year the company earned a revenue of A$215.92 million and had a net profit of A$16 million
Business Insider
19 minutes ago
- Business Insider
Macquarie Reaffirms Their Hold Rating on Gold Road Resources Ltd (ELKMF)
Macquarie analyst Andrew Bowler maintained a Hold rating on Gold Road Resources Ltd (ELKMF – Research Report) on June 27 and set a price target of A$3.40. The company's shares closed last Thursday at $2.25. Don't Miss TipRanks' Half Year Sale Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Bowler is a 5-star analyst with an average return of 25.8% and a 65.58% success rate. Bowler covers the Basic Materials sector, focusing on stocks such as Perseus Mining , Resolute Mining , and Ramelius Resources Limited. Currently, the analyst consensus on Gold Road Resources Ltd is a Hold with an average price target of $2.20.
