Schlumberger (SLB) – Analysts’ Weekly Ratings Changes
Schlumberger (NYSE: SLB) received a number of ratings updates from brokerages and research firms in the last week:
- Schlumberger is now covered by analysts at Credit Suisse. They set a “neutral” rating and a $66.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
- Schlumberger had its price target raised by analysts at Guggenheim to $90.00. They now have a “buy” rating on the stock.
- Schlumberger had its “buy” rating reaffirmed by analysts at Societe Generale. They now have a $97.00 price target on the stock, down previously from $101.00. They wrote, “SLB’s North American (NAM) and International topline and operating results were standouts in Q3’12 earnings, materially exceeding performance of both HAL and BHI. Throughout his tenure, SLB’s prior CEO and current chairman Andrew Gould repeatedly spoke about the need for excelling in execution as key to winning work in challenging market conditions. We believe the strength of SLB’s Q3’12 results are a clear manifestation of SLB’s sharp focus on delivering first in class execution.”
- Schlumberger had its price target lowered by analysts at Deutsche Bank from $97.00 to $95.00. They now have a “buy” rating on the stock. They wrote, “SLB’s Q3 underscored its industry leadership and justified its premium valuation. The international margin gap vs. peers expanded and SLB now also boasts the highest North American (NA) margins as well, making it the through cycle margin leader. SLB also hosted a CEO Roundtable in NY on Friday in which management pointed to continued improvement (and perhaps acceleration) internationally. Margins seem set to grow nicely from here as both pricing and mix improve. SLB also highlighted its differentiated (and profitable) position in Iraq and the extremely strong outlook for seismic. This strong global leadership position supports our continued BUY rating.”
- Schlumberger had its price target raised by analysts at Jefferies Group from $86.00 to $87.00. They now have a “buy” rating on the stock. They wrote, “Our confidence is growing that SLB can deliver peer-leading revenue growth, while retaining strong FCF and sustaining peer-leading margins. We interpret strong capex in ’13E as a positive. SLB remains the easiest diversified service name to own, and only in part because of lower exposure to the softening NAM market. Tweak PT up $1 to $87 as we offset softer near term U.S. with stronger longer term nonNAM. Reiterate Buy.”
- Schlumberger had its “equalweight” rating reaffirmed by analysts at – Johnson Rice.
- Schlumberger ‘s EPS estimates were cut by analysts at Dahlman Rose. They now have a “buy” rating and a $92.00 price target on the stock.
Schlumberger opened at 70.09 on Thursday. Schlumberger has a 52-week low of $59.12 and a 52-week high of $80.78. The company has a market cap of $93.080 billion and a price-to-earnings ratio of 16.97.
Schlumberger Limited (Schlumberger N.V.) provides a range of products and services from exploration through production.