Vetr Crowd Says Schlumberger Has Hit Its Peak
On Thursday, the Vetr crowd downgraded their rating of Schlumberger Limited. (NYSE: SLB) from 3 stars (Hold), issued two weeks ago, to 2 stars (Sell). The crowd's sentiment for the stock is mostly cautious, with 84 percent of Vetr user rating bearish.
Vetr's downgrade comes as shares in the the energy tech supplier hit a stride, posting a year-high on December 1 of $86.25.
Although not quite on the same level as the gains made between November 30 to December 1, Schlumberger has been doing well since the election. On November 15, Jefferies upgraded from Hold to Buy.
The average Vetr user target price on Schlumberger is down at $79.73, well below the average analyst target price of $91.20. Less than 2 percent of Vetr users are holding SLB in their watch lists.
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