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SLB

Schlumberger

$34.31 /

-0.36 (-1.04%)

19:53
11/19/19
11/19
19:53
11/19/19
19:53

Schlumberger initiated with a Buy at Deutsche Bank

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."

SLB Schlumberger
$34.31 /

-0.36 (-1.04%)

09/16/19 LEHM
Barclays upgrades Schlumberger after new CEO 'hit all the right notes'
09/16/19 SBSH
Nabors, Schlumberger, Halliburton have material operations in Saudi, says Citi
09/16/19
Fly Intel: Top five analyst upgrades
11/19/19 DBAB
Schlumberger initiated with a Buy at Deutsche Bank

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