Schlumberger Ltd. (SLB) Tops Q1 EPS by 1c
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April 25, 2016 10:19 AM EDT
Griffin Securities earlier downgraded Schlumberger (NYSE: SLB) from Neutral to Sell.
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 $79.93 yesterday.
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April 25, 2016 9:06 AM EDT
Jefferies maintained a Hold rating on Schlumberger (NYSE: SLB), and raised the price target to $80.00 (from $71.00), despite cutting estimates. Estimates for 2016/2017/2018 have been cut to $1.10/$1.95/$4.00 from $1.90/ $2.95/$4.65. However, Jefferies has increased confidence in the company's ability for a spending recovery.
Analyst Brad Handler commented, "We lower estimates for 2016/2017/2018 to... More
April 25, 2016 7:30 AM EDT
Nomura Securities analyst Matthew Johnston raised estimates and his price target on Buy-rated Schlumberger (NYSE: SLB) to $88.00 (from $81.00) after the company surpassed the firm's most important 1Q benchmarks.
" Most notably, the company posted strong margins in the international segments, alleviating concerns that pricing... More
April 25, 2016 6:53 AM EDT
KLR Group reiterated a Buy rating on Schlumberger Ltd. (NYSE: SLB), and raised the price target to $106.00 (from $103.00). SLB stated that declining US and international production rates may eliminate market oversupply by the end of 2016. A lack of spending and upstream activity creates... More
