Canaccord Genuity Maintains a 'Hold' on Schlumberger (SLB); Demonstrates International Prowess
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Price: $53.87 +0.60%
Rating Summary:
49 Buy, 7 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
49 Buy, 7 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Canaccord Genuity maintains a 'Hold' on Schlumberger (NYSE: SLB), raises price target to $104.00.
Canaccord analyst, Scott Burk, said, "SLB slightly beat consensus based on better revenue recovery from Q1 and better international margins. Adding that to our forward assumptions boosts forward EPS and our target to $104...Positive WFT read throughs. Assuming the international recovery does continue, SLB will be one of the best ways to get leverage to that recovery. An increase in artificial lift sales drove increased revenues in Latin America, which bodes well for Weatherford (NYSE: WFT)(BUY) results."
For more ratings news on Schlumberger click here and for the rating history of Schlumberger click here.
Shares of Schlumberger closed at $93.81 yesterday.
Canaccord analyst, Scott Burk, said, "SLB slightly beat consensus based on better revenue recovery from Q1 and better international margins. Adding that to our forward assumptions boosts forward EPS and our target to $104...Positive WFT read throughs. Assuming the international recovery does continue, SLB will be one of the best ways to get leverage to that recovery. An increase in artificial lift sales drove increased revenues in Latin America, which bodes well for Weatherford (NYSE: WFT)(BUY) results."
For more ratings news on Schlumberger click here and for the rating history of Schlumberger click here.
Shares of Schlumberger closed at $93.81 yesterday.
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