Schlumberger (SLB) April 51 straddle into quarter results
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SLB (SLB) PT Lowered to $64 at BMO Capital
April 22, 2024 5:34 AM EDTBMO Capital analyst Philip Jungwirth lowered the price target on SLB (NYSE: SLB) to $64.00 (from $66.00) while maintaining a Outperform rating.
The analyst comments "We viewed SLB's 1Q24 results as in line, while 2Q24 guidance implies ~$0.82-0.84 EPS, near consensus. While a quarterly... More
SLB (SLB) PT Lowered to $64 at JPMorgan
April 22, 2024 5:09 AM EDTJPMorgan analyst Arun Jayaram lowered the price target on SLB (NYSE: SLB) to $64.00 (from $65.00) while maintaining a Overweight rating.
The analyst comments "SLBs 1Q24 results and 2Q24 guide generally matched consensus expectations yet the shares slid 2.1%, lagging its OSX and Large Cap OFS peers by 287bps and 332bps, respectively. We think the culprit was the slight EBITDA margin miss (23.6% vs. JPMe of 23.7%) as D&I and Well Construction margins were light. In particular, we sensed buyside disappointment on D&I... More
Schlumberger (SLB) earnings in-line, revenue beats expectations
April 19, 2024 7:05 AM EDTSchlumberger (NYSE: SLB), a leading oilfield services company, reported first-quarter earnings per share (EPS) of $0.75, meeting analyst estimates, according to a recent press release. The company's revenue reached $8.71 billion, slightly above the consensus estimate of $8.7 billion, marking a 13% increase from the same quarter last year.
Despite the in-line earnings, SLB shares saw a modest decline of 1.2% following the announcement.
CEO Olivier Le Peuch highlighted the company's robust year-on-year growth, with a... More
