What The Bulls (And Bears) See In Schlumberger

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Technically speaking, Schlumberger Limited. SLB has been slaughtered over the last few sessions and is down more than 13 percent over the past week.

The obvious culprit is crude oil, but what does it mean for the company?

What The Bulls See...

o An enterprise value of $125.76 billion that eclipses a market capitalization of $111.04 billion

o A price-to-book ratio of 2.95

o A price-to-sales ratio of 2.50

o 14.21 percent net profit margins that spin off positive levered free cash flow of $5.98 billion annually

o A solid debt-to-equity ratio of 32.18 percent and a current ratio of 2.06

o A dividend yield of 1.70 percent and a payout ratio of only 29 percent

What The Bears See...

• A seemingly high P/E ratio of around 16 when compared with estimated 2015 revenue and earnings growth of 6.9 percent and 13.5 percent respectively

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The Technical Take

Technicians note that Schlumberger shares may have set a short-term low with last Friday's spike lower.

Related Link: Japanese Stocks: A Perfect Stock-Picker's Market

From current levels, they are nervously calling for a bounce to take place that may lift the shares up to $91.63 or $96.81, depending -- heavily -- on how far crude will bounce (assuming it does so).

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