What Can We Expect After Schlumberger (SLB)’s Downgrade By Tudor Pickering?

October 2, 2018 - By Hazel Jackson

Schlumberger Limited (NYSE:SLB) Logo

Investors sentiment decreased to 0.96 in 2018 Q2. Its down 0.24, from 1.2 in 2018Q1. It worsened, as 56 investors sold Schlumberger Limited shares while 536 reduced holdings. 108 funds opened positions while 461 raised stakes. 1.04 billion shares or 0.66% less from 1.04 billion shares in 2018Q1 were reported.

Roanoke Asset Corp invested 1.17% in Schlumberger Limited (NYSE:SLB). Arcadia Inv Mi stated it has 0.01% of its portfolio in Schlumberger Limited (NYSE:SLB). Moreover, Reynders Mcveigh Capital Mgmt Limited Liability Co has 0.11% invested in Schlumberger Limited (NYSE:SLB) for 13,118 shares. Illinois-based Banced has invested 0.45% in Schlumberger Limited (NYSE:SLB). 11,970 are owned by Peoples Corporation. Nippon Life Glob Americas accumulated 93,850 shares. Murphy Pohlad Asset Ltd reported 1.54% in Schlumberger Limited (NYSE:SLB). Boston Ptnrs holds 149,063 shares or 0.01% of its portfolio. At Commercial Bank owns 9,426 shares. Ls owns 88,348 shares. Altfest L J & Inc holds 8,901 shares. Smithbridge Asset De stated it has 30,766 shares. Wellington Shields Capital Mngmt Ltd has 44,356 shares for 0.49% of their portfolio. Marshall Sullivan Wa holds 300 shares or 0% of its portfolio. Cohen Lawrence B owns 36,209 shares.

Since May 16, 2018, it had 1 buying transaction, and 1 sale for $264,431 activity. The insider Jaramillo Claudia sold 3,000 shares worth $218,049.

Schlumberger (SLB) Receives a Downgrade

In a research report sent to investors on Tuesday morning, expert analysts at Tudor Pickering’s equities division lowered the rating for Schlumberger (SLB) shares from the previous Buy to a Hold.

The stock increased 0.44% or $0.27 during the last trading session, reaching $61.86. About 3.64 million shares traded. Schlumberger Limited (SLB) has declined 8.44% since October 2, 2017 and is downtrending. It has underperformed by 24.06% the S&P500.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on October, 19 before the open. They expect $0.48 EPS, up 14.29 % or $0.06 from last year’s $0.42 per share. SLB’s profit will be $664.38 million for 32.22 P/E if the $0.48 EPS becomes a reality. After $0.43 actual EPS reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 11.63 % EPS growth.

Schlumberger Limited supplies technology services and products to the gas and oil exploration and production industry worldwide. The company has market cap of $85.62 billion. The Company’s Reservoir Characterization Group segment provides reservoir imaging, monitoring, and development services; wireline technologies for open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services comprising surface and downhole services; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services. It currently has negative earnings. The Company’s Drilling Group segment designs, makes, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems; provides pressure drilling and underbalanced drilling solutions, and environmental services and products; mud logging services; land drilling rigs and support services; and well planning and drilling, engineering, supervision, logistics, procurement, contracting, and drilling rig management services, as well as bottom-hole-assembly, borehole-enlargement technologies, impact tools, tubulars, and tubular services.

More recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “Schlumberger Preview: All About The Permian Bottleneck” on September 30, 2018. Also Seekingalpha.com published the news titled: “Schlumberger Is In Cyclical Value Territory” on September 17, 2018. Seekingalpha.com‘s news article titled: “Schlumberger: Silly Cheap” with publication date: September 06, 2018 was also an interesting one.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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