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What to Expect from Schlumberger Stock after JV with Weatherford

PART:
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Part 3
What to Expect from Schlumberger Stock after JV with Weatherford PART 3 OF 4

How Schlumberger’s Stock Has Performed in the Last Year

Schlumberger’s stock performance compared to industry

In the past one year, Schlumberger’s (SLB) stock is up 6% as of March 24, 2017. During this period, SLB has underperformed the VanEck Vectors Oil Services ETF (OIH), which has generated 13% returns. OIH is an ETF tracking an index of 25 oilfield equipment and services (or OFS) companies. The Energy Select Sector SPDR ETF (XLE), the broader energy industry ETF, has produced 11% returns in the past one year. Schlumberger has also underperformed the SPDR S&P 500 ETF (SPY), which has produced 15% returns during the same period. The Dow Jones Industrial Average (DJIA-INDEX) has risen 19% in the past one year.

How Schlumberger’s Stock Has Performed in the Last Year

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Crude oil price and rig count

In the past one year, the West Texas Intermediate (or WTI) crude oil price has recovered 22%. The hike in the crude oil price partially explains OIH’s rise. The rise in the crude oil price also prompted a revival in US rig counts, which rose 74% in the past one year. However, the crude oil price has been showing some weakness in March. Read about factors that could drag down the crude oil price in Market Realist’s Crude Oil Prices Could Test $40 per Barrel.

What could drive SLB’s returns in 2017?

  • exploration spending for North American upstream producers could rise 30%
  • higher US upstream activity could improve oilfield service companies’ prices and margin

Latest on oilfield services industry

Investors can learn about how large-cap OFS companies like Halliburton (HAL) and National Oilwell Varco (NOV) have been faring in recent times in Market Realist’s Energy’s Price Recovery Prompts an Oilfield Services Revival. Also, read more about Halliburton in Market Realist’s Halliburton Stock Faces Headwinds amid a Strong Performance.

We’ll learn about SLB’s implied volatility next.

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