SLB

Schlumberger NV

Industrial/Transportation, Energy


Presented:12/15/2017
Price:$62.09
Cap:$86.43B
Current Price:$42.95
Cap:$60.98B

Presented

Date12/15/2017
Price$62.09
Market Cap$86.43B
Ent Value$109.75B
P/E Ratio159.21x
Book Value$28.57
Div Yield3.22%
Shares O/S1,392.00M
Ave Daily Vol8,298,238
Short Int1.42%

Current

Price$42.95
Market Cap$60.98B
Schlumberger NV engages in the business of information and technology. It provides integrated project management solutions to the international oil and gas exploration and production industries. The company operates through the following segments: Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group segment consists of the principal technologies involved in finding and defining hydrocarbon resources such as WesterGeco, Wireline, testing services, software integrated solutions and integrated services management. The Drilling Group segment refers to principal technologies engaged in the drilling and positioning of oil and gas wells such as bits and drilling tolls, drilling and measurement, land rigs, and integrated drilling services. The Production Group segment provides technologies involves in the lifetime production of oil and gas reservoirs such as well services, completions, artificial lift, well intervention, water service, integrated production services and others. The Cameron Group segment consists of the principal Technologies involved in pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.

Publicly traded companies mentioned herein: Schlumberger Limited (SLB)

Highlights

The presenter is short shares of Schlumberger (SLB), expecting the stock to de-rate as it becomes clear that SLB has been making too many acquisitions of lower quality E&P assets. The presenter sees 33% downside in the near-term for SLB as multiples compress.

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Idea Discussion

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