NEW YORK (TheStreet) -- Shares of Schlumberger Ltd (SLB) are slightly up at 0.16% to $98.89 in midday trading Monday, as analysts at Jefferies issued a positive note on the world's largest oilfield services company.
Analysts at the firm believe Schlumberger could be poised for years of solid growth and sees a huge potential upside, even with the recent trend in oil pricing.
Jefferies said it thinks the company will drive margins on execution, technology and efficiency with Russia, Saudi Arabia, Iraq and China being the strongest markets as geopolitical concerns weaken.
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Separately, TheStreet Ratings team rates SCHLUMBERGER LTD as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate SCHLUMBERGER LTD (SLB) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: