Schlumberger NV (SLB): Today's Featured Basic Materials Loser
(
) pushed the Basic Materials sector lower today making it today's featured Basic Materials loser. The sector as a whole closed the day up 0.4%. By the end of trading, Schlumberger fell 44 cents (-0.7%) to $65.41 on light volume. Throughout the day, six million shares of Schlumberger exchanged hands as compared to its average daily volume of 8.6 million shares. The stock ranged in price between $65.11-$66.33 after having opened the day at $65.52 as compared to the previous trading day's close of $65.85. Other company's within the Basic Materials sector that declined today were:
(
), down 14.1%,
(
), down 9.8%,
(
), down 6.3%, and
TheStreet Recommends
(
), down 5.3%.
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 $88.55 billion and is part of the
industry. The company has a P/E ratio of 17.7, above the average energy industry P/E ratio of 16.8 and equal to the S&P 500 P/E ratio of 17.7. Shares are down 3.6% year to date as of the close of trading on Thursday. 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
. 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,
China Shen Zhou Mining & Resources
(
), up 21.2%,
(
), up 17.5%,
(
), up 15.2%, and
(
), up 10.1%, were all gainers within the basic materials sector with
(
) 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
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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