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 4/10 Good --- slb.bloggingstocks.com http://slb.bloggingstocks.com/rss.xml
Wednesday, July 23, 2008 --- 45 days ago http://www.bloggingstocks.com/2008/06/11/it-s-still-o-k-to-like-schlumberger/
| Filed under: Schlumberger Limited (SLB) , Stocks to Buy Readers of this space know that one argument forwarded here is that in the era of elevated energy prices the oil/natural gas services sector is likely to remain strong for the foreseeable future, barring the discovery of cheap, widely-available, alternative energy. And among oil/natural gas services companies, Schlumberger is worth an evaluation. Oilfield services company Schlumberger (NYSE: SLB ) (pronounced: "shlum-bur-ZJAY" ) is likely to benefit from growing demand for oilfield services technology, particularly in the high-technology-dependent Middle East, Africa and Eastern Europe regions. Further, although North American margins have narrowed somewhat to-date in 2008, international margins remain large. Overall, in 2008 analysts see SLB's margins totaling 28% -- still a very healthy figure -- with revenue growth of 12-14% for 2008, and 16-20% for 2009. Additional positives: Look for Schlumberger to continue to register solid revenue gains in the Eastern Hemisphere, as the company concentrates on higher-growth regions. The Reuters F2008/F2009 EPS consensus estimates for SLB are $4.80/$5.88. The risks? Analysts are keeping an eye on a possible decline in oil/gas exploration budgets, and overall production activity, as reductions here would affect SLB's results. Analysts are also monitoring Schlumberger's skilled labor costs. The First Call mean rating for SLB is: Buy [23 firms ... |
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