Barclays Maintains Overweight on Schlumberger, Lowers Price Target to $67
$SLB
Oilfield Services/Equipment
Energy
Barclays analyst David Anderson maintains Schlumberger (NYSE:SLB) with a Overweight and lowers the price target from $70 to $67.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | $68.00 → $65.00 | Buy | TD Cowen |
| 7/22/2024 | $62.00 → $64.00 | Buy | TD Cowen |
| 4/29/2024 | $68.00 → $53.00 | Overweight → Equal Weight | Wells Fargo |
| 4/22/2024 | $64.00 → $63.00 | Buy | TD Cowen |
| 10/9/2023 | $81.00 | Buy | Societe Generale |
| 6/7/2023 | $63.00 | Overweight | CapitalOne |
| 4/19/2023 | $48.00 → $66.00 | Neutral → Buy | UBS |
| 1/23/2023 | $65.00 → $68.00 | Positive | Susquehanna |
Revenue of $906.5 millionNet income attributable to ChampionX of $72.0 millionAdjusted net income of $85.9 millionAdjusted EBITDA of $197.5 millionIncome before income taxes margin of 11.2%Adjusted EBITDA margin of 21.8%Cash from operating activities of $141.3 million and free cash flow of $108.1 million THE WOODLANDS, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ:CHX) ("ChampionX" or the "Company") today announced third quarter of 2024 results. Revenue was $906.5 million, net income attributable to ChampionX was $72.0 million, and adjusted EBITDA was $197.5 million. Income before income taxes margin was 11.2% and adjusted EBITDA margin was 21.8%. Cash from operat
Revenue of $9.16 billion was steady sequentially and increased 10% year on year GAAP EPS of $0.83 increased 8% sequentially and 6% year on year EPS, excluding charges and credits, of $0.89 increased 5% sequentially and 14% year on year Net income attributable to SLB of $1.19 billion increased 7% sequentially and 6% year on year Adjusted EBITDA of $2.34 billion increased 2% sequentially and 13% year on year Cash flow from operations was $2.45 billion and free cash flow was $1.81 billion Board approved quarterly cash dividend of $0.275 per share SLB (NYSE:SLB) today announced results for the third quarter of 2024. This press release features multimedia. View the full release he
SLB (NYSE:SLB) will hold a conference call on October 18, 2024, to discuss the results for the third quarter ending September 30, 2024. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 8858313. A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners should log in 15 min
Consistent with its prior decisions to delist from other exchanges, SLB reviewed the low trading volumes on the Euronext Paris and, given the increasing costs, administrative requirements and managerial time required to maintain a dual listing, has requested a voluntary delisting from the Euronext Paris. For the avoidance of doubt, holders of SLB Euronext Shares will be able to trade on Euronext Paris until August 16, 2024 (the last trading date prior to the delisting).
Barclays analyst David Anderson maintains Schlumberger (NYSE:SLB) with a Overweight and lowers the price target from $70 to $67.
Evercore ISI Group analyst James West maintains Schlumberger (NYSE:SLB) with a Outperform and raises the price target from $73 to $74.
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Subsea boosting system to accelerate the full potential of deepwater project SLB (NYSE:SLB) today announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241028536821/en/The OneSubsea subsea boosting system is a key technology within bp's first Paleogene field development. It will supply the required artificial lift needed to maximize production through the accelerated recovery of reserves with minimal energy consumption. (Photo: Business Wire) This
Revenue of $906.5 millionNet income attributable to ChampionX of $72.0 millionAdjusted net income of $85.9 millionAdjusted EBITDA of $197.5 millionIncome before income taxes margin of 11.2%Adjusted EBITDA margin of 21.8%Cash from operating activities of $141.3 million and free cash flow of $108.1 million THE WOODLANDS, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ:CHX) ("ChampionX" or the "Company") today announced third quarter of 2024 results. Revenue was $906.5 million, net income attributable to ChampionX was $72.0 million, and adjusted EBITDA was $197.5 million. Income before income taxes margin was 11.2% and adjusted EBITDA margin was 21.8%. Cash from operat
Revenue of $9.16 billion was steady sequentially and increased 10% year on year GAAP EPS of $0.83 increased 8% sequentially and 6% year on year EPS, excluding charges and credits, of $0.89 increased 5% sequentially and 14% year on year Net income attributable to SLB of $1.19 billion increased 7% sequentially and 6% year on year Adjusted EBITDA of $2.34 billion increased 2% sequentially and 13% year on year Cash flow from operations was $2.45 billion and free cash flow was $1.81 billion Board approved quarterly cash dividend of $0.275 per share SLB (NYSE:SLB) today announced results for the third quarter of 2024. This press release features multimedia. View the full release he
TD Cowen reiterated coverage of SLB with a rating of Buy and set a new price target of $65.00 from $68.00 previously
TD Cowen reiterated coverage of SLB with a rating of Buy and set a new price target of $64.00 from $62.00 previously
Wells Fargo downgraded SLB from Overweight to Equal Weight and set a new price target of $53.00 from $68.00 previously
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Agreement will accelerate the initial scope of 144 unconventional wells for delivery by Q4 2025 with potential for significant number of additional wells in the second phase SLB (NYSE:SLB) today announced an agreement to create Turnwell Industries LLC OPC (Turnwell), a joint venture (JV) with ADNOC Drilling Company, SLB and Patterson-UTI. The JV will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions. The JV will focus on the acceleration of UAE's unconventional oil and gas program, with an initial 144 wells scheduled for completion by the end of 2025. SLB will provide integrated drilling, stimulation an
Helix Energy Solutions Group, Inc. ("Helix") (NYSE:HLX) announced today that its Board of Directors (the "Board") has appointed Diana Glassman and Paula Harris as new directors. William L. Transier, Chairman of the Board, stated, "We are pleased to welcome both Diana and Paula to the Helix Board of Directors. The wealth of experience our two new Board members have will bring valuable perspectives to our Board. Helix remains committed to board refreshment and diversity initiatives, and the appointments of our new directors are the result of an extensive search process that began months ago. The additions of Diana and Paula to the Helix Board are designed to ensure we have the right mix of d
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