Schlumberger Ltd (SLB)

SLB (NYSE:Energy) EQUITY
$76.66
pos +0.00
+0.00%
Today's Range: 76.23 - 77.77 | SLB Avg Daily Volume: 7,357,400
Last Update: 06/24/16 - 4:03 PM EDT
Volume: 0
YTD Performance: 9.91%
Open: $0.00
Previous Close: $79.59
52 Week Range: $59.60 - $91.83
Oustanding Shares: 1,252,334,169
Market Cap: 99,673,276,511
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 19 20 18
Moderate Buy 1 1 1 1
Hold 7 6 4 5
Moderate Sell 1 1 1 1
Strong Sell 0 0 0 0
Mean Rec. 1.67 1.59 1.46 1.56
Latest Dividend: 0.50
Latest Dividend Yield: 2.51%
Dividend Ex-Date: 05/27/16
Price Earnings Ratio: 62.67
Price Earnings Comparisons:
SLB Sector Avg. S&P 500
62.67 62.80 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
5.62% -12.40% 7.61%
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 (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $0.23 $0.25 $1.17 $1.95
Number of Analysts 18 17 20 20
High Estimate $0.28 $0.43 $1.66 $3.30
Low Estimate $0.16 $0.10 $0.74 $1.00
Prior Year $0.88 $0.78 $3.37 $1.17
Growth Rate (Year over Year) -74.43% -68.33% -65.19% 66.16%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
A  decision by the British to exit the European Union doesn't involve the U.S, so why the handwringing?
With oil's downside defined and the upside meaning less to the stocks, there's a lot to like here.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar weakened today. Crude oil dropped two bits to $48.85. Gold was up $10.50 to $1,287, making an assault back at the $1,300 resistance area. Agricultural commodities: wheat -3, corn +7, soybean flat and oats +3.50. Lumber -3.50. Bonds rallied for another day. iShares 20+ Year Treasury Bond ETF (TLT) was up 40 cents. The yield on the 10-year U.S. note dropped by two basis points to a record low 1.61%. The long bond dropped by one basis point to 2.44%. The 2s/10s spread was flat at 91 basis points. Municipals rose and closed-end municipal bond funds continued to rise. High-yield bonds were hit. Blackstone/GSO Strategic Credit Fund (BGB) fell by eight cents. Banks slipped and continue to show signs of rolling over. Financial Select Sector SPDR ETF (XLF) was down 0.5%. I have been adding to the short. Insurance was mixed, but my only long, Hartford Financial Services Group (HIG), climbed by 50 cents.   Brokerages continue to underperform. Retail was mixed to lower. My short, Nordstrom (JWN), was a standout to the downside, off $1.10. Old tech was lower, led by IBM (IBM). Autos also were exhibiting signs of rolling over. Biotech continues its recent weakness, with iShares Nasdaq Biotechnology ETF (IBB) down 1%. Allergan (AGN) was up almost $3, but most others were lower. I have no interest in bottom fishing and the technical recovery mentioned by some appears to be not so much. Agricultural equipment was lower led by short Caterpillar (CAT). Media was mixed, though Disney (DIS) was stronger. Staples were weaker despite a lower U.S. currency -- my fav large-cap short Coca-Cola (KO) was down 45 cents. Energy stocks were mixed, with Exxon Mobil (XOM) up and Schlumberger (SLB) down. TFANG was quiet, though Facebook (FB) was down $3 on a Citron Research negative report. In selected individual securities, Monsanto (MON) and The Mighty Oak -- aka Oaktree Capital Group (OAK) -- were noticeably weaker. Alibaba (BABA) broke bad. My long fav DuPont (DD) was down by nearly a beaner. Country shorts iShares China Large-Cap (FXI) and iShares MSCI United Kingdom (EWU) were lower, going the right way for the manner in which I am positioned. Sector shorts Consumer Staples Select Sector SPDR (XLP) and Material Select Sector SPDR (XLB) - also are going in the right direction. Here are some valuable contributions on our site today: Jim "El Capitan" Cramer on natural gas elbowing out coal.  Ben "Goldfinger" Cross on a possible breakout in the precious metal.  Tim Melvin on three bank stocks to avoid.  James Passeri on Valeant (VRX) and Walgreens (WBA).  Robert "Not Rita" Moreno on a Facebook short. 

Takeaways and Observations Real Money Pro($)

It was Groundhog Day on Wall Street again. We finished down, but well off of the session lows. I did no trading. The U.S. dollar weakened. Oil, stronger in the morning, weakened in

My Takeaways and Observations Real Money Pro($)

The U.S. dollar was unchanged. Crude oil was up a beaner to nearly $50 a barrel. Nat gas up two cents. Gold was up $4.40 to $1,247 but still in a downtrend. Agricultural commodities were on another tear: wheat +9.75, corn +9.00, soybean +7.00 and oats +6.00. Fertilizer stocks, such as Potash (POT), are responding. Bonds were weaker in price, higher in yield. iShares 20+ Year Treasury Bond ETF (TLT) was up nearly a buck. The yield of the 10-year U.S. note was up two-and-a-half basis points to 1.73%. The long bond was up by three basis points to 2.554%. The 2s/10s spread still is at 93 basis points. High yield prospered, with iShares iBoxx High-Yield Corporate Bond ETF (HYG) up 40 cents and SPDR Barclay High Yield Bond ETF (JNK) up 15 cents. Blackstone/GSO Strategic Credit Fund (BGB) hit another new high, rising 18 cents to $14.66. Banks rallied, but not intensely, perhaps because of continuing flat yield curve. Brokerages were stronger with Goldman Sachs (GS) up $2 (it got 250,000 summer intern applications!) Insurance stocks were firmer, with Lincoln National (LNC) up $1.10, or 2.5%; my long Hartford Financial Services Group (HIG) lagged, up only 15 cents. Old tech lagged with little price change. Biotech was up, with iShares Nasdaq Biotechnology ETF (IBB) rising more than $4 and led by Celgene (CELG). Acadia Pharmaceuticals (ACAD), a former biotech basket member, was up nearly 13%, or $4.60. I sold out of the space last week. Autos was up small. Retail was disappointing, with most in the space marginally higher or down. Home Depot (HD) and Lowe's (LOW) were low points Ag equipment was stronger, with Deere (DE) and Caterpillar (CAT) both up. Energy stocks surged, led by Schlumberger (SLB), up $3.50. Media was a noticeable underperformer, with Comcast (CMCSA) and Disney (DIS) flat. (T)FANG underperformed, with Alphabet (GOOGL) down almost $6 and Facebook (FB) barely higher. NOSH was mixed, with Nike (NKE) and Starbucks (SBUX) better but O'Reilly Automotive (ORLY) and HD lower. In individual stocks, POT was a highlight, up $1.20, perhaps on higher ag prices. Oaktree Capital Group (OAK) climbed $2.50 on a favorable Barron's article. Here are some value-added columns on our site today: Ben "Goldfinger" Cross likes gold.  "Diamond" James Gentile on what the rate of rate rise means for stocks.  Cramer and Mohr on the soft dollar benefits.  Rev asks does the market even care what Yellen says?   Jeremy LaKosh on the labor market.
Weatherford's steps to lower debt make them 'investible again,' say analysts.

Chart Gazing Real Money Pro($)

It's often said that a picture is worth a thousand words, so let's do some chart gazing this morning.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. The price of crude oil rose by a couple of pennies. Gold fell by $1.30 to $1,213 -- still looking weak technically as we move further and further from $1,300. More wild swings to the upside in agricultural commodities:  wheat +9, corn unchanged, soybeans +44 (!!) and oats -1.50. Lumber +3. Bonds stronger in price and lower in yield. The yield curve flattened -- down to about 91 bps. The yield on the 10-year U.S. note dipped by four basis points  (1.807% yield) and the long bond yield declined by four basis points (2.58% yield). Municipals were well-bid, with closed-end muni bond funds higher. The high-yield bond market flat lined. Banks were mixed (they're at important resistance now), insurance sold off -- my long Hartford Financial Services Group (HIG) underperformed and my short Lincoln National (LNC) outperformed! -- and brokerages declined. At a Sanford Bernstein conference a few bank managements said trading activity had modestly improved, but the stocks did not respond. I expanded my Financial Select Sector SPDR ETF (XLF) short today. But, after the close, Citigroup (C) management said while trading is trending somewhat better sequentially, total net income in the second quarter will be similar to the first quarter, which is a disappointment (though no one in media has discussed this). C is trading down by about 40 cents from the close, but on low volume. Retail was strong, led by Macy's (M) and Nordstrom (JWN), each up by over a dollar. Biotech continues to rally, going from goat to hero in the last week. iShares Nasdaq Biotechnology ETF (IBB) was up 1.7%, led by Allergan (AGN), up $4.50, and some more speculative names. Indeed, since my upbeat industry piece on May 24, IBB has increased from $270 to $285 and AGN's shares are up $20. I took off half of my AGN long today for a good gain. Energy stocks were lower, led by two of my shorts, Exxon Mobil (XOM) and Schlumberger (SLB). Old tech was mixed. Agricultural equipment was buoyed by Joy Global's (JOY) beat. Autos were flat. JPMorgan's Jamie Dimon warned about auto loan portfolio risks. Consumer staples were mixed, with Consumer Staples Select Sector SPDR ETF (XLP) flat. I expanded my short. Materials rallied, with Materials Select Sector SPDR ETF (XLB) up 27 cents; I expanded my short. DuPont (DD) is 10% of the index. Media saw limited price changes. I plan to short more Comcast (CMCSA) at current prices over the next few days. (T)FANG was led by an unstoppable Amazon (AMZN), but Alphabet (GOOGL) trailed. In individual stocks, fav long DD was u[ $1.70 as it looks to have an appointment with $70. Starbucks (SBUX), one of my fav large-cap shorts, continues to break down. Twitter (TWTR) was up a bit (see Tim Collins below). The Mighty Oak, Oaktree Capital Group (OAK), weakened. Here are some value added columns posted on Real Money Pro today: Jim "El Capitan" Cramer on wilting rationality and the Bear Market in Complacency.  Anders Keitz summarizes the bull/bear argument on Apple (AAPL).  Tim "Not Judy or Phil" Collins got me thinking on Twitter. 

Bulking Up Short Positions Real Money Pro($)

Today I have made the following trades:

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