UBS analyst Angie Sedita now thinks global oil service activity and pricing will decline further in Q4 amid oil prices' continued slide, leading her and her team to expect declining revenues and margins for both Q3 and Q4 at Schlumberger. Citing her "lower for longer" view, Sedita cut her 2016 estimates for Schlumberger by 19%, cut 2017 estimates by 17% and lowered her price target on the stock to $90 from $100. The analyst kept a Buy rating on the stock, however, citing her belief that the longer oil prices and rig counts stay at today's levels, the better it will be for a recovery in 2017 and beyond.