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home / news releases / SLB - Schlumberger Stock May Have Peaked Heading Into Q3 Earnings

SLB - Schlumberger Stock May Have Peaked Heading Into Q3 Earnings

Schlumberger N.V.
  • SLB reports earnings Friday. If HAL's Q3 performance is an indicator, SLB could experience solid revenue growth Q/Q.
  • Added scale should allow SLB to expand its EBITDA margin beyond 21%.
  • SLB trades over 14x LTM EBITDA, which is robust for a cyclical name.
  • Oil prices should remain elevated for now. Long term, weak consumer spending and an unwind of QE appears foreboding for SLB.
  • SLB has likely peaked. Sell the stock.

For further details see:

Schlumberger Stock May Have Peaked Heading Into Q3 Earnings
Stock Information
Company Name: Schlumberger N.V.
Stock Symbol: SLB
Market: NYSE
Website: slb.com
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