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Can Schlumberger Outperform The Market? Citi Thinks So
Thursday, September 3, 2015 - 8:07am | 252Read More...Schlumberger Limited (NYSE: SLB) has seen an almost 13 percent decline in its share price year-to-date. Citi’s Scott Gruber has upgraded the rating on Schlumberger from Neutral to Buy, while lowering the price target from $93 to $87. Gruber believes that the company has the...
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Citi Advises Profit-Taking In Oilfield Service Sector
Monday, May 11, 2015 - 3:01pm | 258Read More...The recent three-month rally in crude oil prices could spur production and reignite over-supply worries, an analyst said Monday. Citi's Scott Gruber downgraded four onshore oilfield services companies on Monday, suggesting that investors in the oil field services sector "take profits...
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Oil Stocks To Become More Expensive: Here's 1 Way To Play It
Monday, April 13, 2015 - 10:45am | 421Read More...Oppenheimer commented on oil stocks Sunday and felt that shares would become more expensive. Analyst Fadel Gheit and Luis Amadeo noted that energy stocks were “trading significantly below their 12-month highs and not by as much above their 12-month lows.” The performance of energy...
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UPDATE: Citigroup Downgrades Helmerich & Payne
Thursday, January 29, 2015 - 9:39am | 140Read More...Analysts at Citigroup on Wednesday downgraded Helmerich & Payne, Inc. (NYSE: HP) from Neutral to Sell and reduced the price target from $71.00 to $55.00. Scott Gruber and Michael Sabella wrote, "We are downgrading HP based on our view of a likely rate collapse amongst Tier 1 (AC) rigs...
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Transocean And Carl Icahn Strike An Accord; Analysts See Limited Upside
Monday, November 11, 2013 - 1:20pm | 148Read More...Transocean (NYSE: RIG) reached an agreement on Monday with famed corporate raider Carl Icahn. Shares of Transocean have been trading up over three percent following the pre-market news release. Transocean is set to pay a $3 dividend, which will benefit Icahn, who is the company's third largest...
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UPDATE: Bernstein Research Reiterates on Schlumberger Limited as Integrated Services Remain the Preferred Sub-Segment
Tuesday, October 22, 2013 - 10:40am | 149Read More...In a report published Tuesday, Bernstein Research analyst Scott Gruber reiterated an Outperform rating on Schlumberger Limited (NYSE: SLB), and raised the price target from $97.00 to $112.00. In the report, Bernstein Research noted, “Coming into 2013, our primary positioning call was to be...
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UPDATE: Bernstein Research Reiterates on Halliburton Company as Integrated Services Remain the Preferred Sub-Segment
Tuesday, October 22, 2013 - 10:34am | 149Read More...In a report published Tuesday, Bernstein Research analyst Scott Gruber reiterated an Outperform rating on Halliburton Company (NYSE: HAL), and raised the price target from $55.00 to $69.00. In the report, Bernstein Research noted, “Coming into 2013, our primary positioning call was to be...
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UPDATE: Bernstein Research Reiterates Outperform on Baker Hughes as Integrated Services Remain the Preferred Sub-Segment
Tuesday, October 22, 2013 - 9:41am | 149Read More...In a report published Tuesday, Bernstein Research analyst Scott Gruber reiterated an Outperform rating on Baker Hughes (NYSE: BHI), and raised the price target from $62.00 to $73.00. In the report, Bernstein Research noted, “Coming into 2013, our primary positioning call was to be overweight in...
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UPDATE: Bernstein Downgrades Offshore Drillers to Market Perform, Suggests Long Term Investors Leave (ESV, NE, RIG)
Friday, September 13, 2013 - 1:51pm | 231Read More...Bernstein analyst Scott Gruber downgraded offshore drillers Ensco PLC (NASDAQ: ESV), Noble Corporation (NASDAQ: NE) and Transocean Inc. (NASDAQ: RIG) to Market Perform. Gruber noted that the growth of supply has outpaced demand and that high versus low spec bifurcation should prove temporary. The...
