Major Analyst Actions Under Review: Schlumberger Limited (SLB), Akcea Therapeutics, Inc. (AKCA)

The recently concluded session had traders exchanging Schlumberger Limited (NYSE:SLB) low level. Roughly 7.86 million shares changed hands compared to the three-month volume average 7.92 million shares. The first trade took place at $62.06 and the stock went down 0% to attain the closing price of $62.07.

Schlumberger Limited (SLB) Analyst Opinion

Schlumberger Limited has a consensus outperform rating from 36 Wall Street analysts, and the number of shares currently sold short amount to at least 1.43% of shares outstanding. The stock sank -6.56% last month and is down -26.06 this year. Wall Street is only getting more bullish on the stock, with 26 of analysts who cover SLB having a buy-equivalent rating. Analysts have placed a $74.58 price target on Schlumberger Limited, suggesting a 20.15% gain from recent close. It’s currently trading about -29.34% below its 52-week high.

Schlumberger Limited Earnings Surprise

Schlumberger Limited (SLB) failed to surprise the stock market in its last reported earnings when it earned $0.42 a piece versus the consensus-estimated $0.42. Its revenue totaled $7.91 billion up 5.94% from the previous quarter.

Schlumberger Limited (NYSE:SLB) Intraday View

This stock (SLB) is ahead of its 52-week low with 1.72%. Its last month’s stock price volatility remained 2.3% which for the week stands at 1.82%. The share price has moved backward from its 20 days moving average, trading at a distance of -1.75% and stays -4.48% away from its 50 days moving average. Over the last five days, shares have faced -1.24% losses and now is down -10.43% since hitting its 200-day moving average of $66.09. Schlumberger Limited (SLB) has made its way to a 12-month decline of -26.41%.

Turning to Akcea Therapeutics, Inc. (NASDAQ:AKCA), its shares were trading at $17.8 a gain of $0.38, on the trading floor. The stock, after opening at $17.45, touched a high of $18.21 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.5. Akcea Therapeutics, Inc. has 2 buy ratings, 0 holds and 0 sells even after the stock tumbled -43% from its high of $31.23 to a $1.18 billion market value through last close.

Akcea Therapeutics, Inc. (AKCA) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.5 to 1.5 during a month. Analysts set a 12-month price target of $24 a share. The target implies a 34.83% spike from where the shares are currently trading. Also, the current price highlights a discount of 51.69% to analysts’ high consensus price target.

Akcea Therapeutics, Inc. (NASDAQ:AKCA) Intraday Trading

The counter witnessed a trading volume of 0.23 million shares versus an average volume of 0.39 million shares during last trading session. Its last month’s stock price volatility remained 7.29% which for the week approaches 6.85%. The lowest price the stock reached in the last trading day was $17.06 and compares with the $8.10 52-week low. The stock recovered 119.75% since its low point and has performed 87.76% year-to-date.

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