Deutsche Bank analyst Chris Snyder initiated coverage of Schlumberger with a Buy rating and $42 price target. The analyst notes that the international oil field service markets are "firmly in recovery mode", stating that the stock is a "primary beneficiary" of this trend with international earnings power that it nearly 4x that of its nearest competitor. Snyder adds that while he expects oil prices to be depressed and range-bound through at least the first half of next year, Schlumberger should outperform on a relative basis as the "hallmark" of lower well costs achieved with "increased productivity and efficiency."

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here