SLB - Schlumberger Limited
| Previous Close | 38.03 |
| Open | 38.50 |
| Bid | 37.72 x 1400 |
| Ask | 38.17 x 1000 |
| Day's Range | 37.64 - 38.58 |
| 52 Week Range | 31.03 - 63.65 |
| Volume | 5,994,302 |
| Avg. Volume | 10,719,825 |
| Market Cap | 52.222B |
| Beta (3Y Monthly) | 1.96 |
| PE Ratio (TTM) | 25.34 |
| EPS (TTM) | 1.49 |
| Earnings Date | Oct 18, 2019 |
| Forward Dividend & Yield | 2.00 (5.36%) |
| Ex-Dividend Date | 2019-09-03 |
| 1y Target Est | 47.32 |
- Yahoo Finance Video
Oil outlook as Saudia Arabia faces supply chain scrutiny
New questions are surfacing over whether or not Saudi Arabia can bounce back quickly from the oil field attacks. Mona Mahajan, Allianz Global Investors U.S. Strategist, joins Alexis Christoforous on 'The Ticker' to discuss.
- Yahoo Finance Video
Oil prices surge after Saudi oil attack disrupts global supply
An attack on Saudi Arabian oil production over the weekend shocked markets. Emily Hawthorne, Stratfor Middle East analyst, joins Akiko Fujita on 'The Ticker' to discuss what the potential geopolitical implications of this could be.
- American City Business Journals
Schlumberger looks to buy back debt
The company has put out an offer on nearly $2 billion in outstanding notes due in the next few years.
- Business Wire
Schlumberger Announces Tender Offer for Any and All of Schlumberger Holdings Corporation’s Outstanding 3.000% Senior Notes Due 2020 and 3.625% Senior Notes Due 2022
Schlumberger Limited (“Schlumberger”) today announced that Schlumberger Holdings Corporation, an indirect wholly-owned subsidiary of Schlumberger (“SHC”), has commenced a cash tender offer for any and all of its outstanding (a) 3.000% Senior Notes due 2020 (the "2020 Notes") and (b) 3.625% Senior Notes due 2022 (the "2022 Notes,” and together with the 2020 Notes, the "Notes"), on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof (as may be amended or supplemented from time to time, the "Offer to Purchase") and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (as may be amended or supplemented from time to time, the "Notice of Guaranteed Delivery"). As of September 18, 2019, there were $1,198,732,000 aggregate principal amount of the 2020 Notes outstanding and $616,522,000 aggregate principal amount of the 2022 Notes outstanding.
- Zacks
Schlumberger (SLB) Catches Eye: Stock Jumps 5.3%
Schlumberger (SLB) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.
- TheStreet.com
[video]Schlumberger's Bull Case Gets Stronger With Saudi Oil Attacks
The oil supply disruption caused by the recent attacks in Saudi Arabia adds to a recovering international energy production environment and low valuations that make Schlumberger worth considering.
- InvestorPlace
Stock Market Today: Crude Oil Rockets; Now What?
Oil prices are exploding higher on the day, with crude oil up 13% from its close on Friday. That obviously made big headlines in the stock market today, but it's not propelling energy stocks higher in the manner that many had expected.By now, many of you have likely read about the background story. For those that haven't, this is the short-but-sweet scoop. A drone strike rattled Saudi Arabia over the weekend, forcing the country to cut its oil production in half.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe move is equivalent to about 5 million barrels per day, or roughly 5% of the world's daily production.Here's where things get tricky though. Reports say that the production cut is mostly a precautionary measure and that most of that output should be back online within 48 hours.At first, many believed the attack was carried about Yemen's Houthi rebels. Now it is alleged that Iran is behind the attack, which would significantly ratchet up tensions in the Middle East and potentially implicate a response from other nations outside of it (including the United States). Oil's Big ImplicationsNow you know the backstory on why oil prices are surging. But the implications are incredibly far reaching. * 7 Tech Stocks You Should Avoid Now First, where can oil prices go? Let's keep one thing in mind: Oil prices are back to where they were in June. We're still notably away from the April highs and down significantly year-over-year. So while some may suggest that there's enough supply in the market to keep a lid on oil prices, the charts suggest there could easily be more upside.Impacting supply is a few different factors. The first, can Saudi Arabia actually get a majority of production back online in as little as two days, or is it a save-face move ahead of the eventual Saudi Aramco IPO? Second, will the U.S. and other oil-rich nations make up the difference? While 5 million barrels per day is admittedly a lot of oil, between the rest of the Organization of Petroleum Exporting Countries and the U.S., it seems like most of this deficit could be covered.Will President Donald Trump help eradicate a shortage in supply? He seems eager to, tweeting about tapping into the country's strategic oil reserves and fast-tracking pipeline permits. Lastly, will conflicts be ongoing and will tensions remain high in the Middle East? If the answer is yes, then not only are future supply disruptions possible, but energy investors will price in a risk premium to the oil market.Should we see a big spike in oil prices that sustains for months on end, that may have negative implications going into the fourth quarter and holiday seasons. The last thing consumers need -- both here in the U.S. and globally -- is a substantial rise in gas prices that persists into 2020.Finally, a bulk of Saudi Arabia's production goes to Asia. What implications could that have on China's economy, which is already feeling pressure from the trade war? Energy Stocks Make Big MovesSo far, the spike in oil has had a hit-and-miss impact on the energy sector. The Energy Select Sector SPDR Fund (NYSEARCA:XLE) climbed "just" 3.4% on the day. However, the VanEck Vectors Oil Services ETF (NYSEARCA:OIH) jumped 8.6% in the stock market today.Exxon Mobil (NYSE:XOM), which makes up 23% of the XLE, climbed a lackluster 1.5% on the day. Chevron (NYSE:CVX) makes up 22% of the ETF and jumped just over 2%. It's becoming clear why the XLE showed such little life on the day now.Others were more pronounced, though. Schlumberger (NYSE:SLB) jumped 5.3%, while Halliburton (NYSE:HAL) climbed almost 11% on the day. These are the top two holdings in the OIH, by the way.Occidental Petroleum (NYSE:OXY), BP (NYSE:BP) and Pioneer Natural Resources (NYSE:PXD) climbed 6%, 3.9% and 6.5%, respectively.Let's see if we can get more follow through in energy stocks this week, and what oil prices do over the next few days and weeks. Movers in the Stock Market TodayIt wasn't just energy stocks posting big moves on the day. General Motors (NYSE:GM) fell more than 4% after the United Automobile Workers, comprising 50,000 members, went on a nation-wide strike. It impacts 33 production plants and 22 warehouse facilities. JPMorgan analyst Adam Jonas said it will cost GM 3 cents in earnings per share per day, but that proper inventory management and pricing changes can help offset those losses. He likes GM as a buy-the-dip candidate.Despite winning the streaming rights for the renowned hit "Seinfeld," Netflix (NASDAQ:NFLX) shares were flat on the day. While some may question who wants to watch such an old show, just remember that "Friends" is one of Netflix's top shows. It will lose "Friends" in 2020, along with its other top performer, "The Office"). Unfortunately though, the five-year "Seinfeld" deal won't start until 2021.Shares of MGM Resorts International (NYSE:MGM) were up 2.1% after reports surfaced that Blackstone (NYSE:BX) is in talks to buy the Bellagio and MGM Grand. However, those discussion appear to be ongoing, as no deal has been reached yet (or may be reached at all, for that matter).Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Stock Market Today: Crude Oil Rockets; Now What? appeared first on InvestorPlace.
- InvestorPlace
5 Top Stock Trades for Tuesday: SLB, XOM, KL
Equity markets were relatively quiet on Monday, which is perhaps surprising given that crude oil prices rocketed higher. The commodity jumped more than 13% after a drone strike in Saudi Arabia over the weekend. Here are some top stock trades to watch this week. Top Stock Trades for Tomorrow No. 1: Schlumberger (SLB)Shares of Schlumberger (NYSE:SLB) are up over 5% on the day and could rally even further should demand for crude oil remain strong. On the charts, though, SLB stock is running into an important level. InvestorPlace - Stock Market News, Stock Advice & Trading Tips$40 was support from February until May, when share prices broke down. In July, $40 was a tough level of resistance that forced SLB back to new lows. It has been a tough ride for shareholders. However, with Monday's gap up, shares are above the 200-day moving average. If they can reclaim $40, the 38.2% level near $43.50 is on the table. Above $44 and the 50% retracement is possible. On the downside, see that SLB stays above prior downtrend resistance (the blue line). Top Stock Trades for Tomorrow No. 2: Exxon Mobil (XOM)Like SLB, Exxon Mobil (NYSE:XOM) isn't getting quite the same boost that crude oil is, up "just" 1.6% near the close on Monday. * 7 Tech Stocks You Should Avoid Now From here, bulls will want to make sure XOM stock stays above the 200-day moving average and the 61.8% retracement at $73.33. If it can, the 50% retracement near $76 is on the table, with the next upside target being June/July resistance at $77.If support gives way, I want to see XOM hold up above prior downtrend resistance. Clearing downtrend resistance is a big setup for a lot of down-and-out energy names. Now it needs to stick. Top Stock Trades for Tomorrow No. 3: Kirkland Lake Gold (KL)After last week's retreat, gold is on the move higher again. That's giving a boost to Kirkland Lake Gold (NYSE:KL), which is up 4.3% on the day. However, that's well off the highs near $45. Shares are near a key point on the charts. Should KL close below $42, it will lose short-term support (black line) and uptrend support (blue line). That could open it up to a test of the 200-day moving average.What bulls really need to see is for this support level to hold, and for KL stock to reclaim the 50-day moving average. If it can, it puts $50-plus on the table. Top Stock Trades for Tomorrow No. 4: ServiceNow (NOW)The setup in ServiceNow (NYSE:NOW) is pretty straightforward. Support at $250 held, as shares work on reclaiming the 20-day moving average. If it does, it puts downtrend resistance (blue line) on the table, with a test of $270 as the next upside target above that. However, if the 20-day or downtrend resistance rejects NOW, see that $250 again holds as support.If it fails, a test of the 200-day moving average is likely. Top Stock Trades for Tomorrow No. 5: DowWe've kept an eye on Dow (NYSE:DOW) thanks to that big dividend yield. However, more recently it's been the bullish price action.After bottoming out around $40 last month, shares have been quick to reclaim both the 20-day and 50-day moving averages. Further, Dow stock has also reclaimed the key $47 level. That puts $52 on the table now. On a pullback, I would love to see the $47 level now act as support. However, the 50-day also attracted buyers on two consecutive pullback days (blue box) earlier this month. So that mark is the must-hold for now, in my view. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post 5 Top Stock Trades for Tuesday: SLB, XOM, KL appeared first on InvestorPlace.
- Zacks
E-Fracs Hold Promise But Do Not Appear Appealing to Industry
E-Fracs can reduce the cost of fracking in a well by $350,000 from $6-$8 million standard cost per well for oil and gas producers.
- Zacks
Permian & Cana Woodford Oil Drillers Continue to Remove Rigs
While the tally of oil rigs in Permian fell for five consecutive weeks, crude drillers in Cana Woodford removed rigs for two successive weeks.
- GuruFocus.com
First Eagle Investment's Matthew McLennan to Keynote 2020 GuruFocus Value Conference
Successor to Jean-Marie Eveillard brings wealth of knowledge and experience Continue reading...
- Zacks
Here's Why You Should Hold On to Schlumberger (SLB) Now
Schlumberger (SLB) is expected to gain from its huge size and attractive reservoir and well technologies, outperforming peers.
- Benzinga
Jim Cramer Weighs In On Heico, Schlumberger And More
On CNBC's "Mad Money Lightning Round," Jim Cramer said we're nearing a bottom in Planet Fitness Inc (NYSE: PLNT ). He would be careful and buy it slowly. Paysign Inc (NASDAQ: PAYS ) is a nice ...
- Investor's Business Daily
How To Buy Growth Stocks: Why Big Stock Market Winners Build The Base On Base
Sometimes a great stock with CAN SLIM traits needs to form two bases before breaking out to big gains. Look for a base-on-base pattern. Winnebago built one last year.
- Benzinga
Morgan Stanley Upgrades Schlumberger On Valuation, Improved Outlook
Schlumberger’s outlook had improved, Lynagh said in the upgrade note in which he cited three reasons for this view. Firstly, the company has an enhanced focus on returns under its new CEO Olivier Le Peuch, which could drive growth in earnings and free cash flows even without higher oil prices or service price improvements, Lynagh mentioned.
- Barrons.com
Schlumberger Stock Could Keep on Rising, Analyst Says
On Tuesday, Morgan Stanley analyst Connor Lynagh added momentum to the rebound, upgrading shares to Overweight and praising the strategy laid out by the company’s new CEO. Schlumberger (ticker: SLB) was up 3.6% to $37.54 in early trading on Tuesday. CEO Olivier Le Peuch, who took over on Aug. 1, has emphasized that he’ll find ways to boost the company’s margins, reduce its capital intensity and boost free cash flow and capital returns.
- InvestorPlace
7 Cheap Energy Stocks to Buy as the Sector Lights Up
U.S. equities are pushing higher on Monday thanks once again to the promise of more cheap money stimulus. The Dow Jones Industrial Average is rising fast back towards the 27,000 level, bouncing nicely off of its 200-day moving average.The buyers' focus seems to be on energy and financials, with the two sectors enjoying gains of 0.6%. Energy is in focus amid renewed tensions in the Middle East between Iran and the West after Tehran announced it was installing new nuclear centrifuges. * 7 Industrial Stocks to Buy for a Strong U.S. Economy Here's a look at 7 cheap energy stocks that are ready for new money:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Chesapeake Energy (CHK)Chesapeake Energy (NYSE:CHK) stock is emerging from its 50-day moving average for the first time since late April, setting up a reversal of the downtrend that resulted in a 50% decline off of its prior highs. Watch for a run at the 200-day moving average, which would be worth a gain of more than 40% from here.The energy stock will next report results on October 29 before the bell. Analysts are looking for a loss of nine cents per share on revenues of $1.2 billion. EnCana (ECA)Encana (NYSE:ECA) stock is also emerging from a multi-month downtrend pattern, setting the stage for a run at its 200-day moving average that would be worth a gain of 25% from here. The company, based in Alberta, is focused on the development of energy resources throughout Canada. * 7 Best Stocks That Crushed It This Earnings Season The company will next report results on October 31 before the bell. Analysts are looking for earnings of 16 cents per share on revenues of $1.9 billion. Denbury Resources (DNR)Denbury (NYSE:DNR) stock, like the other energy stocks here, is also emerging from a multi-month downtrend pattern ahead of a likely return to its 200-day moving average. Such a move would be worth a gain of roughly 40% from here.The company will next report results on November 7 before the bell. Analysts are looking for earnings of 9 cents per share on revenues of $324.4 million. Transocean (RIG)Transocean (NYSE:RIG) shares are rising to test their 50-day moving average, setting up a rally to the 200-day average that would be worth a gain of roughly 40% from here. The company is a services provider focused on the offshore space including ultra-deepwater. * 7 Best Stocks That Crushed It This Earnings Season The company will next report results on October 28 after the close. Analysts are looking for a loss of 35 cents per share on revenues of $772.5 million. Halliburton (HAL)Halliburton (NYSE:HAL) stock is also on the road to recovery, clamoring back towards its 50-day moving average in what looks like the preparation of a run at the 200-day average -- which would be worth a gain of 30% from here.The company will next report results on October 21 before the bell. Analysts are looking for earnings of 36 cents per share on revenues of $5.9 billion. Schlumberger (SLB)Schlumberger (NYSE:SLB) shares are up more than 5% as I write this to challenge its 50-day moving average. Watch for a run at the 200-day average, which coincides with the prior highs set in July, which would be worth a gain of more than 11% from here. * 7 Industrial Stocks to Buy for a Strong U.S. Economy The company will next report results on October 18 before the bell. Analysts are looking for earnings of 41 cents per share on revenues of $8.5 billion. Exxon Mobil (XOM)Exxon Mobil (NYSE:XOM) shares are challenging their 50-day moving average, setting up a run at the 200-day average and possible even the April highs that lie above for a total gain of as much as 13%. The company also pays a 4.9% dividend while you wait.The company will next report results on November 1 before the bell. Analysts are looking for earnings of 93 cents per share on revenues of $65.2 billion.As of this writing, the author held no positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term The post 7 Cheap Energy Stocks to Buy as the Sector Lights Up appeared first on InvestorPlace.
- Zacks
Drillers in Permian & Cana Woodford Lower Oil Rig Count
The tally for oil drilling rigs in the United States drops to the lowest level since November 2017.
- Motley Fool
Why Oilfield Services Stocks Slumped in August
Volatile oil and gas prices were just some of the issues the industry is facing.
- Zacks
Halliburton's (HAL) Q3 Outlook: What Investors Need to Know
While headwinds will continue in North America in the form of softness in activity, Halliburton (HAL) CEO sees robust customer spending on international drilling and completion projects.
- Zacks
The Zacks Analyst Blog Highlights: Apache, Parsley, Equinor, Halliburton and Schlumberger
The Zacks Analyst Blog Highlights: Apache, Parsley, Equinor, Halliburton and Schlumberger
- Reuters
UPDATE 2-Schlumberger CEO outlines digital strategy, plans Q3 writedown
Schlumberger NV's newly-appointed Chief Executive Officer Olivier Le Peuch on Wednesday outlined his vision for the world's largest oilfield services company, vowing to exit unprofitable businesses, restructure some units and focus on returns. Le Peuch, who replaced former CEO Paal Kibsgaard nearly two months ago, outlined plans to accelerate digital investments and to restructure and rename one of Kibsgaard's major initiatives that invested in and ran customer oilfields. "We are setting an ambition to more than double the contribution of our digital businesses within the foreseeable future," said Le Peuch.
- Zacks
Why Rig Count Is No Longer a Reliable Gauge of Production
As per conventional wisdom, when number of rigs decline, fewer wells are drilled. This means less new oil and gas are discovered, and ultimately production slows down.
