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Barclays PLC downgraded Schlumberger Limited. (NYSE:SLB) to Equal Weight in a report released today.

Just yesterday Schlumberger Limited. (NYSE:SLB) traded -0.68% lower at $66.75. Schlumberger Limited.’s 50-day moving average is $65.24 and its 200-day moving average is $70.65. The last closing price is down -4.82% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 11,428,399 shares of SLB traded hands, up from an average trading volume of 6,823,290

Barclays PLC has downgraded Schlumberger Limited. (NYSE:SLB) to Equal Weight in a report released on Wednesday June 21, 2017.

Recent Performance Chart

Schlumberger Limited. (NYSE:SLB)

Schlumberger Limited. has 52 week low of $62.56 and a 52 week high of $87.84 with a PE ratio of 529.45 and has a market capitalization of $0.

In addition to Barclays PLC reporting its stock price target, a total of 34 brokers have issued a research note on the company. The average stock price target is $87.74 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Schlumberger Limited. (NYSE:SLB)

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company's segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources. The Drilling Group consists of the principal technologies involved in the drilling and positioning of oil and gas wells. The Production Group consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Integrated Production Services (IPS) and Schlumberger Production Management (SPM). The Cameron Group consists of the principal technologies involved in pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities.

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