Tigress Financial Partners Downgrades Schlumberger (SLB) to Neutral

Tigress Financial Partners downgraded Schlumberger (NYSE: SLB) from Buy to Neutral. Analyst Philip Van Deusen said performance metrics are under pressure.

"Q2 results underscored management’s aggressive efforts to control costs through the current downturn in oil prices. We think oil prices will remain a headwind for the company for the remainder of the year. SLB remains the premier player in the oil services space and while we believe the company is best positioned to drive future Economic Profit growth and shareholder value versus its peers, upside remains limited in the intermediate term," said Van Deusen.

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 $83.71 yesterday.

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