Schlumberger Ltd. (SLB) Reports In-Line Q3 EPS, Revenues Miss
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October 22, 2018 8:17 AM EDT
Credit Suisse analyst James Wicklund lowered the price target on Schlumberger (NYSE: SLB) to $71.00 (from $82.00) while maintaining a Outperform rating.
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October 22, 2018 7:15 AM EDT
Cowen analyst Marc Bianchi lowered the price target on Schlumberger (NYSE: SLB) to $75.00 (from $77.00) while maintaining an Outperform rating.
The analyst commented, "SLB outperformed the OIH by ~75bps after reporting a modest beat yet provided guidance which implies downside to 4Q and 1Q.... More
October 18, 2018 3:07 AM EDT
BofA/Merrill Lynch analyst Chase Mulvehill reinstates coverage on Schlumberger (NYSE: SLB) with a Buy rating and a price target of $73.00.
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 $59.24 yesterday.
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October 17, 2018 12:10 AM EDT
By Liz Hampton
HOUSTON (Reuters) - Even as crude prices hover near four-year highs, U.S. oilfield service firms' third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending.
Oil producers are holding off finishing new wells, and cost pressures from tight labor markets and U.S. tariffs on imported steel are driving up service firms' costs.
Meanwhile, shale producers including Devon Energy Corp (NYSE: DVN) and Oasis Petroleum Inc (NYSE: OAS) are... More
