NEW YORK (TheStreet) -- Shares of Schlumberger (SLB) are declining, down 0.59% to $86.15 in morning trading Monday, after Credit Suisse lowered its 2015 earnings estimates to $3.50 from $3.90, with 2016 earnings estimates decreased to $3.51 from $3.88.
The firm maintained its "outperform" rating and a price target of $86.
"GoM (Gulf of Mexico) continues to be a much better market than onshore U.S., but is likely to see some margin decline on mix of higher workovers and completions in a flat activity market," Credit Suisse analysts said.
Additionally, West Africa and the North Sea have been challenged with lack of exploration success in the former and a dramatic slowdown and layoff effort in the latter, Credit Suisse noted.
Schlumberger is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.
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 several positive factors, 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 largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share."