New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 27, 2014
14:04 EDTSLBSchlumberger price target raised to $150 from $121 at Argus
Argus raised its price target on Schlumberger to $150 following the company's investor day meeting, saying it believes the company's 2017 targets are conservative and very achievable.
News For SLB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 27, 2015
06:20 EDTSLBU.S. oil firms preparing for extended job cuts, WSJ reports
U.S. energy companies intend to cut more jobs, sell more assets, and engage in more financial maneuvers to deal with the recent drop in U.S. crude-oil prices to below $50 a barrel, the Wall Street Journal reports. Companies have started to warn that more layoffs will come, particularly Halliburton (HAL) and Baker Hughes (BHI), who disclosed last week that they had cut 27,000 jobs between them, the report says. Job cuts for the industry are beginning to extend to engineers and scientists, the report adds. Publicly traded companies in oil industry include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Other publicly traded companies in the space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
July 22, 2015
06:39 EDTSLBEuro, U.S. oil and gas groups to find tough competition in Iran, WSJ says
European and U.S. oil and gas firms drawn to Iran as sanctions lessen can expect not only opportunities, but also Iranian companies offering tough competition or joint ventures, the Wall Street Journal reports. Though no Iran-based companies have the clout of firms such as Exxon Mobil (XOM) or Schlumberger (SLB), companies that can take on engineering tasks are emerging and growing in Iran, the report says. If the Iran nuclear agreement comes into effect and sanctions are lifted against Iran sometime soon, those Iranian companies will be well positioned to compete for tens of billions of dollars worth of service contracts, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
July 21, 2015
12:09 EDTSLBSchlumberger upgraded to Buy from Hold at Societe Generale
Subscribe for More Information
July 20, 2015
11:12 EDTSLBSchlumberger downgraded to Neutral from Buy at Tigress Financial
Subscribe for More Information
10:00 EDTSLBOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:31 EDTSLBSchlumberger upgraded to Buy from Neutral at Global Hunter
Subscribe for More Information
08:00 EDTSLBSchlumberger outlook remains favorable, says Oppenheimer
Subscribe for More Information
06:50 EDTSLBSchlumberger upgraded to Outperform from Market Perform at Wells Fargo
Subscribe for More Information
July 17, 2015
10:00 EDTSLBSchlumberger CEO says Halliburton deal creating 'uncertainty' for customers
Subscribe for More Information
09:53 EDTSLBSchlumberger says Q3 could 'potentially represent bottom' for revenue
Schlumberger management said on the company's Q2 earnings call that in North America in Q3 they expect a slight increase in activity on land, but they see this being offset by weakening offshore activity and further pricing pressure, both on land and offshore. Internationally, they see no "major change" in Q3 and they thinks the "overall weak activity" is going to continue, adding that they expect sustained pricing pressure. At this stage, the company's cost structure and field capacity is "really tailored" to its Q2 activity level, but, for now, they have decided to preserve the current structure for Q3 in order to be ready for increased activity going forward, the company added. Management said, "We are prepared to live with the temporary margin impact that carrying these slightly elevated levels of resources is going to have. It's not going to be a huge impact on margins but it's going to be a little bit more than what we could have managed if we were to cut even deeper."
09:47 EDTSLBSchlumberger says Q3 EPS consensus of 77c 'pretty realistic'
Subscribe for More Information
09:35 EDTSLBActive equity options trading on open
Active equity options trading on open: AAPL NFLX TSLA GOOG FB GOOGL SLB

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use