Schlumberger Ltd (SLB)

SLB (NYSE:Energy) EQUITY
$78.64
pos +1.27
+1.64%
Today's Range: 77.61 - 78.99 | SLB Avg Daily Volume: 5,906,200
Last Update: 09/30/16 - 4:04 PM EDT
Volume: 6,474,100
YTD Performance: 10.92%
Open: $77.84
Previous Close: $77.37
52 Week Range: $59.60 - $83.97
Oustanding Shares: 1,390,693,530
Market Cap: 108,488,002,275
6-Month Chart
TheStreet Ratings Grade for SLB
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 18 18 17 18
Moderate Buy 0 0 1 1
Hold 6 6 6 7
Moderate Sell 1 1 1 1
Strong Sell 0 0 0 0
Mean Rec. 1.60 1.60 1.64 1.67
Latest Dividend: 0.50
Latest Dividend Yield: 2.56%
Dividend Ex-Date: 09/02/16
Price Earnings Ratio: -61.43
Price Earnings Comparisons:
SLB Sector Avg. S&P 500
-61.43 61.50 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-0.59% 11.97% -12.89%
GROWTH 12 Mo 3 Yr CAGR
Revenue -27.00 -0.20 -0.05
Net Income -61.20 -0.60 -0.27
EPS -60.70 -0.60 -0.26
Earnings for SLB:
EBITDA 9.64B
Revenue 35.48B
Average Earnings Estimates
Qtr (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $0.23 $0.27 $1.14 $1.95
Number of Analysts 18 16 19 19
High Estimate $0.26 $0.40 $1.27 $3.00
Low Estimate $0.20 $0.21 $1.04 $1.35
Prior Year $0.78 $0.65 $3.37 $1.14
Growth Rate (Year over Year) -70.80% -57.79% -66.14% 71.03%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands

Crude Makes Early Upward Move Real Money Pro($)

My only meaningful investment move over the last few days was covering my crude oil -- in the form of U.S. Oil Fund (USO) -- and Schlumberger (SLB) and Exxon Mobil (XOM) shorts yesterday.
I have covered my energy shorts for a gain the United States Oil Fund LP ETF (USO) , Schlumberger (SLB) and Exxon Mobil (XOM) ) on the intrad…

Oil Patch Update Real Money Pro($)

I recently have been adding to my trading shorts in the energy patch, namely U.S. Oil Fund (USO) , Schlumberger (SLB) and Exxon Mobil (XOM) .

Charts of the Day: Oil Vey! Real Money Pro($)

A feature of the last few days was the continued drop in the price of crude oil.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar retreated. The price of crude oil got schmeissed for the second day in a row, down by $1.22 to $43.68. Gold was up$2.20. I still look for a technical break under current support of $1,300 to $1,310. Agricultural commodities: wheat +2, corn +2 and soybeans flat after this week's schmeissing. No change for lumber. Bonds rallied a bit after recent weakness. I wouldn't be surprised if the small rally continues, but I stand on my "generational bottom in yIelds" thesis, as 1.60% on the 10-year remains support now The 10-year U.S. note yield (1.70%) dropped by four basis points and the long bond by two basis points. The 2s/10s spread dropped by one basis points to 93 basis points. Municipals and junk bonds moved little. Banks continued to weaken as the Wells Fargo (WFC) news worsens. I covered my Financial Select Sector SPDR ETF (XLF) short yesterday. Insurance and brokerages showed little in either direction. REITS continue to trade poorly -- a fractional gain after being manhandled over the last week. iShares U.S. Real Estate ETF (IYR) has broken down. Energy stocks fell for the second day in a row -- good for my U.S. Oil Fund (USO) , Exxon Mobil (XOM) and Schlumberger (SLB) shorts. I'm sticking with them.  Biotech strengthened on the heels of Allergan (AGN) . A former member of my Biotech Basket, Aerie Pharmaceuticals (AERI) , is up nearly 64% after hours on positive drug news. Paradise lost! Autos stalled. Retail rallied small. Dead-cat bounces in Dollar Tree (DLTR) , Dollar General (DG) and Home Depot (HD) , me thinkst. Agricultural equipment was mixed. My short, Caterpillar (CAT) , rose. Deere (DE) "Prudence" fell. Entertainment was slightly lower. Popular Disney (DIS) continues to be a great short. Staples were lower. My core short, Coca-Cola (KO) , made a new 2016 low. (T)FANG traded as flat as my Grandma Koufax's potato pancakes. In individual stocks, Radian Group (RDN) and DuPont (DD) were catching their collective breath. Twitter was better on some new product news. Here are some great value-added contributions on our site today: Jim "El Capitan" Cramer says demand is down but not out.  Divine Ms M made another great call.  "Cousin" Gary Morrow doesn't like Ford's (F) technicals. And i don't like the company's fundamentals! Rev hates the macro monkeys.  Tim "Not Judy or Phil" Collins on a balanced view.   
The global bond market, including taxable-bond plays like the iShares 20+ Year Treasury Bond ETF (TLT) , non-taxables like the iShares S&P National AMT-Free Municipal Bond Fund (MUB) and high-yield securities like the iShares iBoxx U.S. Dollar High Yield Corporate Bond ETF (HYG) . I would not be long any closed-end municipal bond funds or junk-bond funds, e.g. (BGG)  (down $0.15). All bond surrogates. That includes real estate investment trusts like the iShares Dow Jones US Real Estate ETF (IYR) recently placed on Best Ideas List, consumer staples and utilities. Growth stocks like Amazon, (AMZN) , Netflix (NFLX)  and Tesla (TSLA) . Banks, despite the general drop in bond prices. Retail plays, including Home Depot (HD) , Nordstroms (JWN) , Dollar Tree (DLTR) and Dollar General (DG) . The price of crude oil and oil stocks like Exxon Mobil (XOM) and Schlumberger (SLB) . Fertilizer companies like Monsanto (MON) and Potash (POT) . Media stocks like Walt Disney (DIS) . Consumer-discretionary stocks, including Starbucks (SBUX) . Consumer staples such as Coca-Cola (KO) . Autos, including Ford (F) and General Motors (GM) . The S&P 500 (SPY) .

Oil Vey! Real Money Pro($)

Oil prices continue to fall today amid falling demand forecasts.

Thursday's Takeaways Real Money Pro($)

The US Dollar weakened. The price of crude oil gapped nearly $2 per barrel higher to $47.42. Stocks continued to decouple and a trend of disassociation between stocks and energy product prices might be in place. Gold down $7.70 after the big climb yesterday, closing at $1341. Agricultural commodities prices muted today. Wheat was up $3, corn gained $5, soybeans rose $1 and oats gained $3. Lumber flatlined. Bonds had a dramatic move, breaking out of their recent yield range. The yield curve steepened. (See comments above.) Municipals and junk bonds were for sale. Blackstone/GSO Strategic Credit Fund (BGB) down a few pennies and closed-end muni bond funds hit with modest profit taking. Banks were slight higher. The media was a bit hyperbolic in their characterization of financial strength. I was actually disappointed given the weakness in bond prices. I remain short the Financial Select Sector SPDR ETF (XLF)  The same observation applies to brokerages and insurance. Auto stocks lower, led by Trade of the Week GM (GM) (short) to a weekly low and now nearly 2% to the good from Tuesday. Old tech weak, led by IBM (IBM) and Cisco (CSCO) . Energy stocks responded well to higher crude. I remain short Sclumberger (SLB) and ExxonMobil (XOM) , small. Biotech was uninspiring despite a better day at Allergan (AGN) (which made a promise to hold back drug prices). Retail was a downside feature, as I highlighted in my Diary. Ag equipment lower. (T)FANG looks a bit weary -- especially of a Tesla (TSLA) kind (brokerage downgrade) on my Best Ideas List. (-$4) TSLA needs to raise capital (a constant theme of mine). Helps to explain the brokerage community's love for the shares despite the inexplicable valuation. It's a fee-generator for investment bankers! Starbucks (SBUX) closed at day's low (off by more than a beaner) and Radian (RDN) at a new high (above $14, +40% in two months). Apple (AAPL) went sour (by almost $3) Hartford (HIG)  -- after an outsized rise yesterday -- got hit today. DuPont (DD) DuLlovely. Here are some value-added contributions on our site today: Jim "El Capitan" says stay calm on Apache. Ben Cross on the double-play combination of Draghi and Yellen  Robert "Not Rita" Moreno on TBT (Note: Be careful of leveraged ETFs like TBT -- poor tracking and premium decay) Sham Gad on CMG -- "it will take time."  He makes some very good points. James Passeri analyzes the possible collateral damage done by Tractor Supply, Home Depot and others.  

My Takeaways and Observations Real Money Pro($)

The U.S. dollar weakened for the second day in a row. The price of crude oil dropped again, by $1.31 to $43.39. Gold up $4 after days of weakness. Unimpressed. Right above $1,300 to $1,315 support, which I feel could be breached to the downside by the machines. Bobby Lang has a different view in Comments Section -- he is bullish. Agricultural commodities rallying: wheat +4, soybean flat, corn +6, oats +5. Lumber -4. Bonds had more moves than a shortstop batting .110 today. Initially down big in price, up in yield -- reversed all the way to be slightly higher on the day. Now flat. Yields unchanged. Ten year at 1.57% after being 1.62% earlier. The 2s/10s spread also no change. Municipals are lower but oddly closed-end muni funds are better bid. High yield is junky for the second day in a row, but Blackstone/GSO Strategic Credit Fund (BGB) is up two cents. I would be a seller of high yield and BGB. Banks are fading today on profit taking on weak economic data that suggest a September rate increase is lower in probability. I initiated a Financial Select Sector SPDR ETF (XLF) short and added to my Goldman Sachs (GS) and Morgan Stanley (MS) shorts (see my comments on passive versus active funds activity from yesterday that could lead to disappointing capital markets volume ahead). Insurance is weaker. Bidding for more Hartford Financial Services Group (HIG) . Auto stocks, up early, are trading lower. Bad action. Peak autos. Staying short General Motors (GM) and Ford (F) . Energy stocks fell with crude's slide. As mentioned earlier, I am seeing some price breakdowns. Media is slightly lower -- Disney (DIS) continues to appear to be rolling over. Staples are stable, though my Coca-Cola (KO) short is lower. (T)FANG inconsequential moves, save a $10 decline in Tesla (TSLA) (on my Best Ideas List, short) Here are some great value-added contributions on our site today: Jim "El Capitan" Cramer on 15 years later (can it be that long already?). R.I. P. Brown Bear  Robert "Not Rita" Moreno on selling junk bonds (for what it is worth, I agree).  Tesla talk from Ed Ponsi "Scheme." For what it is worth, part deux, I agree and TSLA is on my Best Ideas List as a short.  Tin "Not Judy or Phil " Collins sees two attractive ETFs.  Rev Shark on rough market waters. 

Oil Vey! Real Money Pro($)

Crude continues to get hammered. The commodity is down by about another $1.20 to $43.50 a barrel as I write this. Our recent shorts in t…

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