Short-Term Put Buying Activity in Schlumberger Ltd. (SLB) Following Earnings Last Week -Susquehanna

Halliburton sees North America customers 'tapping the brakes'

July 24, 2017 8:26 AM EDT

By Yashaswini Swamynathan and Nivedita Bhattacharjee

(Reuters) - Halliburton Co (NYSE: HAL) reported impressive second quarter results on Monday but warned the growth in North American rig count was "showing signs of plateauing", sending shares down as much as 4.2 percent.

Oilfield services providers such as Halliburton have been helped by a boom in North American drilling even though oil has stayed below $50.

U.S. rig count rose to 764 in the week ending July 21, compared with 371 rigs in the same week a year ago.

"Today, rig count growth is showing... More

Schlumberger (SLB) PT Lowered to $80 at Jefferies After Adjusting Estimates

July 24, 2017 7:22 AM EDT

Jefferies lowered its price target on Schlumberger (NYSE: SLB) to $80.00 (from $92.00) while maintaining a Buy rating. Analyst Brad Handler lowered estimates for 2018+, to reflect slower growth globally that can reasonably be expected from the psychology associated with lower oil prices.

Jefferies raised... More

Schlumberger Ltd. (SLB): Cutting Estimates Despite Positive Outlook - Instinet

July 24, 2017 7:11 AM EDT

Instinet analyst, Matthew Johnston, reiterated his Buy rating on shares of Schlumberger (NYSE: SLB) but cut his price target to $78 after the company beat the analyst's 2Q NAM revenue estimate by 11%, driven by top-line growth of +42% in US Land and +68% growth in Pressure... More

Schlumberger Ltd. (SLB) Declares $0.50 Quarterly Dividend; 3% Yield

July 21, 2017 7:05 AM EDT

Schlumberger Ltd. (NYSE: SLB) declared a quarterly dividend of $0.50 per share, or $2 annualized.

The dividend will be payable on October 13, 2017, to stockholders of record on September 6, 2017, with an ex-dividend date of September 1, 2017.

The annual yield on the dividend is 3 percent.

For a... More

Schlumberger Ltd. (SLB) Tops Q2 EPS by 5c, Revs Beat

July 21, 2017 7:01 AM EDT

Schlumberger Ltd. (NYSE: SLB) reported Q2 EPS of $0.35, $0.05 better than the analyst estimate of $0.30. Revenue for the quarter came in at $7.5 billion versus the consensus estimate of $7.25 billion.

Revenue of $7.5 billion increased 8% sequentiallyPretax operating income of $950 million increased 25% sequentiallyGAAP loss... More