Schlumberger N.V. SLB reported mixed third-quarter results on Friday.

Revenue grew 10.2% year over year to $9.159 billion, missing the consensus of $9.25 billion. Adjusted EPS increased 14% to 89 cents, above the consensus of 88 cents.

“This performance was achieved despite an environment where short-cycle activity growth softened, and some international producers exercised cautious spending triggered by lower oil prices and ample global supply, while land activity in the U.S. remained subdued,” commented SLB CEO Olivier Le Peuch.

Adjusted EBITDA was $2.34 billion for the quarter, an increase of 12.6% Y/Y, and margin expanded 54 bps to 25.6%. The pretax segment operating margin expanded by 51 bps for the quarter to 20.8%.

Schlumberger shares gained 2.2% to trade at $42.83 on Monday.

These analysts made changes to their price targets on Schlumberger following earnings announcement.

• Susquehanna analyst Charles Minervino maintained Schlumberger with a Positive and lowered the price target from $60 to $56.
• Barclays analyst David Anderson maintained Schlumberger with an Overweight and lowered the price target from $63 to $61.
• Evercore ISI Group analyst James West maintained SLB with an Outperform and lowered the price target from $74 to $62.
• Stifel analyst Stephen Gengaro reiterated Schlumberger with a Buy and lowered the price target from $62 to $60.
• TD Cowen analyst Marc Bianchi maintained the stock with a Buy rating and cut the price target from $68 to $65.

Considering buying SLB stock? Here’s what analysts think:

Read Next: