Shares of Schlumberger N.V. (NYSE:SLB) traded at a new 52-week high today of $36.87. So far today approximately 6.9 million shares have been exchanged, as compared to an average 30-day volume of 14.5 million shares.
In the past 52 weeks, Schlumberger N.V. share prices are bracketed by a low of $13.70 and a high of $36.87 and is now at $35.88, 162% above that low price.
Schlumberger N.V. (NYSE:SLB) has potential upside of 265.4% based on a current price of $35.88 and analysts' consensus price target of $131.13.
Schlumberger is the world's largest supplier of products and services to the oil and gas industry. The company operates its business via multiple groups: reservoir characterization, drilling, production, and Cameron. It is investing more than any other services firm to make its offerings more bundled, which it believes is likely to be one of the key industry trends during the next 10 years. Efforts on this front are most visible via the Schlumberger Production Management business, which now accounts for 10% of its revenue.
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