#2 - Schlumberger Limited (NYSE:SLB)
Schlumberger Limited (NYSE: SLB) - Schlumberger is another oil and gas stock that is tough to overlook. Despite having solid fundamentals, the stock declined 30% in the fourth quarter of 2018. So far in 2019, the stock remains near its 52-week low. But is that trend about to change? Over the last 15 months, a group of insiders has purchased over 50,000 shares valued at over $3 million. It also appears that a slew of M&A activity in 2015 and 2016 is set to pay off as the industry is starting to see increased efficiencies and technological advances that are making the sector more attractive. Investor sentiment seems to be following analysts’ recommendations. SLB is reviewed by 34 analysts and currently has a consensus rating of overweight with several analysts upgrading the stock from hold to buy. Add to that the fact that SLB is offering a record high dividend of over 5 percent, it’s easy to see why investors will begin to take a closer look at this stock.
About Schlumberger
Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
Read More - Current Price
- $37.73
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $58.79 (55.8% Upside)
