Market Overview

UPDATE: Societe Generale Reiterates Buy Rating, Lowers PT on Schlumberger Limited

Related SLB
Schlumberger Limited Has Rewarded Bears
Schlumberger Limited Giving The Bears Something On Which They Can Feast In The Short Run
Will Sanctions Against Russia Hurt Energy Firms? (Fox Business)

In a report published Monday, Societe Generale reiterated its Buy rating on Schlumberger Limited (NYSE: SLB), but lowered its price target from $101.00 to $97.00.

Societe Generale noted, “SLB's North American (NAM) and International topline and operating results were standouts in Q3'12 earnings, materially exceeding performance of both HAL and BHI. Throughout his tenure, SLB's prior CEO and current chairman Andrew Gould repeatedly spoke about the need for excelling in execution as key to winning work in challenging market conditions. We believe the strength of SLB's Q3'12 results are a clear manifestation of SLB's sharp focus on delivering first in class execution.”

Schlumberger Limited closed on Friday at $74.00.

Latest Ratings for SLB

DateFirmActionFromTo
Jul 2014Deutsche BankMaintainsBuy
Jul 2014HSBCUpgradesNeutralOverweight
Jun 2014Credit SuisseMaintainsOutperform

View More Analyst Ratings for SLB
View the Latest Analyst Ratings

Posted-In: Societe GeneraleAnalyst Color Price Target Analyst Ratings

 

Related Articles (SLB)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters