SLB (SLB) Receives a Rating Update from a Top Analyst
Article excerpt
Highlighted: the sentence this signal was extracted from
RBC Capital analyst Keith Mackey maintained a Buy rating on SLB on August 17 and set a price target of $61.00. The company's shares closed yesterday at $53.86. According to TipRanks, Mackey is a top 100 analyst with an average return of 26.3% and a 67.73% success rate. Mackey covers the Energy sector, focusing on stocks such as SLB, Patterson-UTI, and Precision Drilling. SLB has an analyst consensus of Strong Buy, with a price target consensus of $63.47, implying a 17.84% upside from current levels. In a report released on August 17, UBS also maintained a Buy rating on the stock with a $66.00 price target. Based on SLB's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.97 billion and a net profit of $786 million. In comparison, last year the company earned a revenue of $8.55 billion and had a net profit of $1.01 billion Read More on SLB: Disclaimer & Disclosure Report an Issue
