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Stock Market & Financial Investment News

News Breaks
June 26, 2014
09:08 EDTSLBSchlumberger price target raised to $130 from $117 at RW Baird
Baird raised its price target on Schlumberger to $130 from $117 citing its strong margins, stable operations, and leverage to Eastern Hemisphere growth. The firm keeps its Outperform rating on the stock.
News For SLB From The Last 14 Days
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January 20, 2015
07:17 EDTSLBSchlumberger outlook positive, says RBC Capital
RBC Capital believes that Schlumberger will be a defensive name if oil weakness continues longer than expected, and could deliver a benchmark return if prices rally. The firm cut its price target on the name to $96 from $101 but keeps an Outperform rating on the shares.
06:26 EDTSLBSchlumberger to take 45.65% stake in Eurasia Drilling
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January 18, 2015
14:22 EDTSLBSchlumberger boss says oil price to challenge land producers, WSJ says
Paal Kibsgaard, CEO of Schlumberger, said U.S. energy producers are not done with work force reductions and that because of high costs, producers that focus on shale fields are worse off than rivals, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A), Total (TOT), Schlumberger (SLB) and Baker Hughes (BHI). Reference Link
January 16, 2015
10:24 EDTSLBOptions point to oil falling to near $30 per barrel, Merrill Lynch says
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08:43 EDTSLBSchlumberger says $3B CapEx guidance is subject to change
Cites lack of visibility and says the company has the flexibility to increase or decrease CapEx in the future.
08:40 EDTSLBSchlumberger says focus is on raising expectations for decrementals
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08:34 EDTSLBSchlumberger does not see improvement in oil prices until reduction in supply
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08:27 EDTSLBSchlumberger: Trends of activity reduction, pricing pressure to continue in Q1
Sees relatively flat Q1 in Gulf of Mexico, but solid activity in Canada. Schlumberger said the significant drop of oil prices have put pressure on its customers. Expects reduction of spend level in most customer groups in 2015, although the pricing impact will be less than projected in North America. Convinced that the company's performance must be accelerated in the way the company works. Comments taken from Q4 earnings conference call.
January 15, 2015
16:36 EDTSLBSchlumberger to cut approximately 9,000 jobs
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16:31 EDTSLBSchlumberger sees FY15 CapEx $3B
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16:26 EDTSLBSchlumberger says has taken several actions to restructure, resize
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16:23 EDTSLBSchlumberger repurchased 12.1M shares during Q4 for $1.1B
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16:16 EDTSLBSchlumberger reports Q4 adjusted EPS $1.50, consensus $1.46
Reports Q4 revenue $12.6B, consensus $12.72B.
15:14 EDTSLBNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Intel (INTC), consensus 66c; Schlumberger (SLB), consensus $1.46; Bank of the Ozarks (OZRK), consensus 41c; People's United (PBCT), consensus 21c; Wintrust Financial (WTFC), consensus 77c.
14:49 EDTSLBSchlumberger technical comments before earnings
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14:42 EDTSLBSchlumberger January 77 straddle priced for 4.6% movement into Q4
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13:01 EDTSLBSchlumberger raises quarterly dividend 25% to 50c
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January 13, 2015
09:03 EDTSLBSchlumberger January volatility increases into Q4 and outlook
Schlumberger January call option implied volatility is at 70, February is at 41, May is at 33; compared to its 26-week average of 20, suggesting large near term price movement into the expected release of Q4 results on January 16.
January 12, 2015
10:00 EDTSLBOn The Fly: Analyst Downgrade Summary
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05:51 EDTSLBSchlumberger downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Schlumberger to Neutral from Buy saying it now expects global exploration and production spending to be down about 15% in 2015, pressuring the company's earnings. Goldman cut its price target for shares to $76 from $90. Shares of the drilling servicer closed Friday down $1.48 to $81.22.
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