Dahlman Rose Raises Price Target on Schlumberger (SLB), Strongly Positioned for Coming Cycle
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Price: $53.77 +3.28%
Rating Summary:
49 Buy, 7 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
49 Buy, 7 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Dahlman Rose is reaffirming its Buy rating on shares of Schlumberger (NYSE: SLB) after the company posted solid Q4 results. The firm also raised its price target on the company from $82 to $96.
An analyst at the Dahlman comments, "The long upcycle we foresee in international E&P spending plays well into the company's strengths, as does the anticipated strong growth in ultradeepwater drilling and the shift to more money spent on exploration. Leading technology in well logging, a well built out infrastructure, financial strength, and a strong reputation in the Eastern Hemisphere for performance and capability are also key assets for the company."
The firm is reiterating its FY12 and FY13 EPS estimates of $4.95 and $6.40.
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 $73.80 yesterday.
An analyst at the Dahlman comments, "The long upcycle we foresee in international E&P spending plays well into the company's strengths, as does the anticipated strong growth in ultradeepwater drilling and the shift to more money spent on exploration. Leading technology in well logging, a well built out infrastructure, financial strength, and a strong reputation in the Eastern Hemisphere for performance and capability are also key assets for the company."
The firm is reiterating its FY12 and FY13 EPS estimates of $4.95 and $6.40.
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 $73.80 yesterday.
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