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Founded in by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. SLB has several tailwinds working in its favor.
Buy or Sell SLB (Schlumberger NV) stocks?
It's putting up solid growth across each of its core businesses, including reservoir characterization, drilling, and energy production. In addition, the company is experiencing strong performance across its key geographic areas of focus, including North American onshore development, offshore deepwater, and international markets.
Not surprisingly, the stock has followed suit by registering solid gains so far in This begs the question, whether Schlumberger's success has been priced in. Fortunately, the stock isn't over-priced at all.
Given its strong growth prospects and a valuation that remains modest, there is enough reason to believe Schlumberger may have further room to run.
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Valuation looks attractive To be sure, Schlumberger isn't a screaming bargain. On this basis, the stock looks overvalued when compared to the broader market.
However, it's equally important for investors to look ahead as it is to look in the rearview mirror. It's critical to understand the next direction a company is likely to take, and put its trailing valuation into better context. Schlumberger isn't a lumbering giant clinging to an above-average valuation. It's growing, and is expected to continue putting up solid growth throughout the remainder of the year. All areas and all groups of the company registered growth last quarter, which management credited to the company's execution and the penetration of its new technology.
This gives management enough confidence to predict a good year in overall.
In its last quarterly conference call with analysts, management maintained its forecast for modest growth this year. Because of this, Schlumberger's forward-looking valuation looks much more comfortable. That means Schlumberger is expected 247 binary options in forex trading system grow earnings at a higher clip than the rest of the is schlumberger a good stock to buy.
As a result, right now could be a good time to buy the stock. Share repurchases and balance sheet strength will support valuation In addition to its earnings growth potential, Schlumberger's forward valuation is likely to expand because the company aggressively buys back stock. Last quarter alone, Schlumberger bought back These share repurchases will boost earnings per share even further.
Schlumberger Limited (SLB) Stock Is Damaged Goods For Now | InvestorPlace
In addition, Schlumberger holds a very good financial position. A company that has a strong balance sheet offers investors an extra margin of safety because investors know the company can more easily endure a business downturn. Now looks like a great time to buy Schlumberger is a highly profitable company operating a great business model.
It caters to energy companies across several different types of industries, and it offers its services in countries around kalpoint forex rates results world. The results speak for themselves, as Schlumberger is putting up very good growth numbers to start the year. Even better, the stock does not appear overvalued by any means. Going forward, continued growth prospects result in goptions broker account modest valuation that could represent a compelling entry point for investors.
Bob Ciura has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
The Motley Fool has a disclosure policy. Bob Ciura, MBA, has written for The Motley Fool since I focus on energy, consumer goods, and technology.
I look for growth at a reasonable price, with a particular fondness for market-beating dividend yields. Skip to main content The Motley Fool Fool. Premium Advice Help Fool Answers Contact Us Login. Latest Stock Picks Stocks Premium Services. Stock Advisor Flagship service.Jim Cramer Gives His Reasoning Behind Selling Off Schlumberger and Leaving Starbucks on Good News
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