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)



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