UBS Maintains a 'Buy' on Schlumberger (SLB); Raising Estimates on International
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Price: $74.70 -0.9%
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!
UBS maintains a 'Buy' on Schlumberger (NYSE: SLB) price target of $95.00.
Analyst, Angie Sedita, issued a quick note, raising estimates on international.
On Friday (Jul-20) morning, Schlumberger reported Q2 EPS of $1.05, $0.05 better than estimates. Revenues were $10.45B vs. consensus of $10.41B.
Schlumberger CEO Paal Kibsgaard commented, "Solid activity growth and a consistent focus on execution led to results that continued to strengthen in the second quarter.
Internationally, sequential results were underpinned by activity growth both offshore and in key land markets. Latin America and Middle East & Asia Areas both progressed well, while Europe, CIS and Africa showed particular strength across the Area. In North America, the Canadian spring break-up and the weakness in the US land hydraulic fracturing market lowered results although this was tempered by robust performance in other land businesses and in the US Gulf of Mexico."
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 $69.33 yesterday, with a 52 week range of $54.79-$95.53.
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Analyst, Angie Sedita, issued a quick note, raising estimates on international.
On Friday (Jul-20) morning, Schlumberger reported Q2 EPS of $1.05, $0.05 better than estimates. Revenues were $10.45B vs. consensus of $10.41B.
Schlumberger CEO Paal Kibsgaard commented, "Solid activity growth and a consistent focus on execution led to results that continued to strengthen in the second quarter.
Internationally, sequential results were underpinned by activity growth both offshore and in key land markets. Latin America and Middle East & Asia Areas both progressed well, while Europe, CIS and Africa showed particular strength across the Area. In North America, the Canadian spring break-up and the weakness in the US land hydraulic fracturing market lowered results although this was tempered by robust performance in other land businesses and in the US Gulf of Mexico."
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 $69.33 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
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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