Schlumberger Limited is the largest oil
field services company in the world. Its main offices are in Hague, Houston and
Paris. Its employees are working in more than 85 countries and represent more
than 140 nationalities. It is a pioneer in making innovative products because
of which it has loyal clients base. Dielectric Scanner Service, which was
launched by the company in 2010 accurately quantifies residual hydrocarbon
volume. No one in the industry offers such product.
The company is known for its Research and development network
which has helped it to reach new talent and specialize products according to
the needs of the client and the geographic area.
SLB stock price is trading at $95.56 as of 26th
March. The stock has appreciated more
than 6% since the start of 2014 and is up more than 28% since 26th
March last year. The company recently announced its Earnings for 4QFY13 beating
analysts’ estimates by 2.2% but the revenues missed analysts’ expectations by
$60 million. The company has showed strong growth in the EPS for the last four
quarters because of their recent share buyback program. The EPS for 4QFY13 were
recorded at $1.32.
SLB share price is expected to reach a consensus estimate of $110 according to analysts’ estimates. Due to the positive outlook Bidnessetc Rates the SLB stock as a buy
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