7 Stocks That Insiders are Buying Now - 2 of 7

#2 - Schlumberger Limited (NYSE:SLB)

Schlumberger logo

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 supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. It operates in four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; and petro technical data services and training solutions.Read More 

Current Price: $28.50
Consensus Rating: Buy
Ratings Breakdown: 11 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
Consensus Price Target: $28.63 (0.5% Upside)

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.