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Stock Market & Financial Investment News

News Breaks
July 21, 2014
08:10 EDTSLBSchlumberger shares should be bought, says BMO Capital
After Schlumberger reported slightly higher than expected operating EPS and said its North American margins had dropped slightly, BMO Capital thinks the company reported good results. The firm expects the stock to perform well going forward and keeps an Outperform rating on the shares.
News For SLB From The Last 14 Days
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January 27, 2015
12:08 EDTSLBObama to propose opening up Atlantic to offshore drilling, NYT reports
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January 23, 2015
08:37 EDTSLBBofA/Merrill U.S. oil & gas analysts to hold an analyst/industry conference call
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January 22, 2015
07:59 EDTSLBSchlumberger management to meet with UBS
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January 21, 2015
10:47 EDTSLBOptions with decreasing implied volatility
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January 20, 2015
08:27 EDTSLBSchlumberger price target cut to $121 from $145 at Argus
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07:51 EDTSLBSchlumberger price target lowered to $80 from $89 at Jefferies
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07:45 EDTSLBSchlumberger price target lowered to $95 from $105 at UBS
UBS lowered its price target on Schlumberger to $95 from $105 following limited comments from the company on the industry's downturn. The company, however, believes its revenues will decline less than E&P spending. UBS reiterated its Buy rating on Schlumberger shares.
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

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