Schlumberger NV (SLB): Today's Featured Basic Materials Loser

Schlumberger (SLB) pushed the Basic Materials sector lower today making it today's featured Basic Materials loser. The sector as a whole closed the day down 1.2%. By the end of trading, Schlumberger fell 96 cents (-1.5%) to $63.97 on light volume. Throughout the day, 6.3 million shares of Schlumberger exchanged hands as compared to its average daily volume of nine million shares. The stock ranged in price between $63.49-$65.56 after having opened the day at $64.47 as compared to the previous trading day's close of $64.93. Other company's within the Basic Materials sector that declined today were: Midstates Petroleum (MPO), down 13.3%, Patriot Coal Corporation (PCX), down 12.4%, ATP Oil & Gas (ATPG), down 12.3%, and New Concept Energy (GBR), down 10.8%.

Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. Schlumberger has a market cap of $85.44 billion and is part of the energy industry. The company has a P/E ratio of 16.9, above the average energy industry P/E ratio of 16.2 and below the S&P 500 P/E ratio of 17.7. Shares are down 8.9% year to date as of the close of trading on Tuesday. Currently there are 23 analysts that rate Schlumberger a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Schlumberger as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, growth in earnings per share and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

• You can view the full Schlumberger Ratings Report.

On the positive front, USEC (USU), up 25.1%, Altair Nanotechnologies (ALTI), up 13.3%, Double Eagle Petroleum Company (DBLE), up 12.7%, and HyperDynamics Corporation (HDY), up 10.4%, were all gainers within the basic materials sector with Yamana Gold (AUY) being today's featured basic materials sector winner.

• Use our basic materials section to find sector-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR (XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd (SBM).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Schlumberger NV click any of the following:

• Schlumberger NV Stock Price

• Schlumberger NV Analyst Ratings

• Schlumberger NV Key Stats & Profile

• Schlumberger NV Earnings

• Schlumberger NV Ratio Comparison

• Schlumberger NV Growth Rates

• Schlumberger NV Balance Sheet

• Schlumberger NV Cash Flow

• Schlumberger NV Income Statement