Capital One Southcoast Upgrades Schlumberger (SLB) to Add
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Capital One Southcoast upgrades Schlumberger (NYSE: SLB) from Neutral to Add. Price target $76.
Capital One analyst says, "We reiterate our target price of $76 and upgrade SLB to ADD after the stock pulled back on the overreaction to a beat but miss of a "whisper" number on the day of a bad energy tape...SLB is the leading service company with most market-leading sectors: SLB is the market leader in 6 service lines and #2 in two more. SLB has grown market share in the last 4-year up cycle in wireline logging, coiled tubing services, production testing, directional drilling, artificial lift and completion equipment and services...While SLB lost market share in pressure pumping services in the up cycle, we expect that, like other major players, they will show gains from the smaller players in this last down cycle...SLB has the strongest balance sheet and ROC Profile."
To see more analyst ratings on SLB Click Here.
Schlumberger Limited operates as an oilfield services company in the United States and internationally. It operates in two segments, Oilfield Services and WesternGeco
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