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What's the Market Saying about Schlumberger?

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What's the Market Saying about Schlumberger? PART 1 OF 4

Analyzing Schlumberger’s 1-Year Stock Price

Schlumberger’s one-year stock price compared to the industry

In the past year as of March 31, 2017, Schlumberger (SLB) stock has risen 8.0%. However, it has underperformed the VanEck Vectors Oil Services ETF (OIH), which has risen 19.0% in the same period. OIH tracks an index of 25 OFS (oilfield equipment and services) companies. The Energy Select Sector SPDR ETF (XLE), the broader energy industry ETF, has risen 14.0% in the past year.

Schlumberger has also underperformed the SPDR S&P 500 ETF (SPY), which has risen 14.0% in the last year. The Dow Jones Industrial Average (DJIA-INDEX) has risen 16.0%.

In the same period, the price of WTI (West Texas Intermediate) crude oil has risen 38.0%. The hike in crude oil partially explains the rise in OIH. Crude oil also prompted a revival in the US rig count, which rose 83.0% in the past year. For more on this, read Market Realist’s Crude Oil Prices: Is the Recovery Sustainable?

Analyzing Schlumberger’s 1-Year Stock Price

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Schlumberger partners with Weatherford

On March 24, 2017, Schlumberger and Weatherford International (WFT) announced that they’re forming a joint venture called OneStimSM. You can read more on this and the latest updates on SLB in Market Realist’s What to Expect from Schlumberger Stock after JV with Weatherford.

What could drive SLB’s returns in 2017?

  • Exploration spending for North American upstream producers could rise 30.0%.
  • Higher US upstream activity could improve oilfield service companies’ prices and margins.

Latest on the oilfield services industry

For more information on how large-cap oilfield services companies such as Halliburton (HAL) and National Oilwell Varco (NOV) have been faring, be sure to read Market Realist’s Energy’s Price Recovery Prompts an Oilfield Services Revival. You can find out more about Halliburton in Market Realist’s Halliburton’s Updated 1Q17 Guidance: What the Market Suggests.

Series highlight

In this series, we’ll be taking a look at Schlumberger’s correlation with crude oil. We’ll also be looking at analysts’ recommendations.

Let’s start with Schlumberger’s implied volatility.

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