Schlumberger Shares Rising After Saudi Oil Attacks, Analyst Raising Recommendation
September 16 2019 - 12:30PM
Dow Jones News
By Stephen Nakrosis
Shares of oil field services company Schlumberger Ltd. (SLB) are
rising in Monday's New York Stock Exchange trading session, as the
company and its peers see a boost following a series of drone
attacks against oil infrastructure in Saudi Arabia.
At 11:54 a.m. ET, the company's shares were 4.63% higher,
trading at $39.05. Volume was just over 9.8 million shares,
approaching the 65-day average of some 10.4 million.
Before the bell Monday, Barclays said it was raising its
recommendation on the stock from equal-weight to overweight, and
pushing its price target higher, to $50 per share from $45.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 16, 2019 12:15 ET (16:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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