- Barrons.com•8 hours ago
Guggenheim Securities Year-to-date performance within the oil-services sector has been skewed in favor of companies with a high level of exposure to the U.S. onshore market and a healthy balance sheet. Simply put, while using DFV is appropriate for this point in the oil-price cycle, many U.S. onshore companies are not at the list of stocks with the most upside over the next three to four years, which suggests to us that sector leadership is likely to shift in favor of some of the more diversified companies that have meaningful relative upside to 2019-2020 implied values. In our view, one of the more obvious examples of the valuation disconnect today is Schlumberger (SLB) versus Halliburton (HAL), and as a result, we have removed Halliburton from the firm’s Best Ideas list, and replaced it with Schlumberger.
- Barrons.com•13 hours ago
Guggenheim's Michael LaMotte and team explain why they believe it's time to sell Halliburton (HAL) and buy Schlumberger (SLB): In our view, one of the more obvious examples of the valuation disconnect today is Schlumberger vs. Halliburton, and as a result, we have removed Halliburton from the firm’s Best Ideas list, and replaced it with Schlumberger. For starters, on a forward EV/EBITDA basis, Schlumberger now trades at a 30% discount to its 10-year average relative multiple vs. Halliburton—a discount that represents nearly a 2-standard deviation from the mean.
- Rick Newman•4 days ago
Plunging oil prices have punished energy stocks, and new measures to combat climate change could now present another underappreciated threat. The proven reserves of oil and gas are a common metric that helps determine their stock price and overall market value, with the presumption being that an oil company may be able to access 100% of its reserves, over time, as long as it can profitably sell that oil given market prices. The more reserves a company has, the more valuable it is, and big drillers such as Exxon Mobil (XOM) deliberately seek new reserves as one way to boost their value.
Schlumberger Limited (SLB)
NYSE - NYSE Real Time Price. Currency in USD
|Day's Range||80.49 - 81.90|
|52wk Range||59.60 - 83.97|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-61.65|
|Avg Vol (3m)||5,722,175|
|Dividend & Yield||2.00 (2.47%)|