Barclays Names Schlumberger (SLB) A 'Must Own' Stock
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Price: $74.66 -0.96%
Rating Summary:
16 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
16 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade SLB Now!
Barclays maintains an 'Overweight' on Schlumberger (NYSE: SLB) price target of $103.00.
Analyst, James C. West, said, "We continue to believe Schlumberger will be a primary beneficiary of the multi-year upturn in deepwater, exploration and international spending that is in the early stages. As the near-term macro issues subside, the equity market should once again focus on tight spare capacity in the oil markets and we believe there is considerable upside potential in the shares of SLB as this unfolds."
West maintains FY12/13 EPS estimate of $4.45/5.75, citing weaker North American operations offset by stronger international.
For an analyst ratings summary and ratings history on Schlumberger click here. For more ratings news on Schlumberger click here.
Shares of Schlumberger closed at $71.70 yesterday, with a 52 week range of $54.79-$95.53.
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Analyst, James C. West, said, "We continue to believe Schlumberger will be a primary beneficiary of the multi-year upturn in deepwater, exploration and international spending that is in the early stages. As the near-term macro issues subside, the equity market should once again focus on tight spare capacity in the oil markets and we believe there is considerable upside potential in the shares of SLB as this unfolds."
West maintains FY12/13 EPS estimate of $4.45/5.75, citing weaker North American operations offset by stronger international.
For an analyst ratings summary and ratings history on Schlumberger click here. For more ratings news on Schlumberger click here.
Shares of Schlumberger closed at $71.70 yesterday, with a 52 week range of $54.79-$95.53.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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