Schoeller-Bleckmann Oilfield Equipment AG

Schoeller-Bleckmann Oilfield Equipment is engaged as a producer of high precision components and a supplier of oilfield equipment for the oilfield service industry. Co. focuses on non-magnetic drillstring components (non-magnetic drill collars) and downhole tools for drilling and completing directional and horizontal wells. The High Precision Components segment consists of the manufacturing of MWD (Measuring While Drilling) and LWD (Logging While Drilling) precision drillstring components. The Oilfield Equipment segment comprises production and distribution of non-magnetic drill collars, drilling motors and tools for downhole circulation applications, repair and maintenance services.
  • TickerSBO
  • ISINAT0000946652
  • ExchangeVienna Stock Exchange
  • SectorOil Equipment, Services & Distribution
  • CountryAustria

CEE Oil & Gas Sector Companies Update

We expect the oil price to continue its recovery, being mainly supported by the willingness of OPEC and its allies to lower their production, but also by a gradual lifting of Covid-19 related restrictions. Lack of production in Libya (due to the security situation) and a sharp decline of oil output in the USA (as a result of depressed oil prices) also help to balance the global oil market. We forecast the price of Brent to stay above USD 40/bbl in 2H 20e and reach an average price of USD 50/bbl in 2021e. According to our estimates, the global oil market could be rebalanced (i.e. demand to equa...

Baptiste Lebacq ...
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 05/20/2020

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Baptiste Lebacq

Schoeller Bleckmann : Balance sheet strengthened further at the end of Q1!

>Confirmation of its top pick status in the tube segment - We maintain our Buy rating with a target price of € 45, the group having already demonstrated its resilience in a challenging oil environment a few years ago. As we mentioned in our recent report “Houston, we have a problem”, SBO is our Top Pick and has a number of strengths to help it weather this cycle trough. A conference call is scheduled at 10.00am. Resilience on display in the quarter - ...

Baptiste Lebacq ...
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 20/05/2020

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Baptiste Lebacq

Schoeller Bleckmann : Situation financière encore renforcée à la fin du T1 !

>Confirmation de son statut de top pick sur le segment des tubes - Nous maintenons notre recommandation Achat avec un OC de 45 €, le groupe a déjà fait preuve, il y a quelques années, de sa capacité de résilience dans un environnement pétrolier difficile. Comme nous le mentionnions dans notre récente étude « Hallo Houston, nous avons un problème…non le problème est à Houston »,   SBO est notre top pick et dispose de nombreux atouts pour passer ce creux de cycle. ...

CEE Oil & Gas Sector Companies Update

We expect the oil price to continue its recovery, being mainly supported by the willingness of OPEC and its allies to lower their production, but also by a gradual lifting of Covid-19 related restrictions. Lack of production in Libya (due to the security situation) and a sharp decline of oil output in the USA (as a result of depressed oil prices) also help to balance the global oil market. We forecast the price of Brent to stay above USD 40/bbl in 2H 20e and reach an average price of USD 50/bbl in 2021e. According to our estimates, the global oil market could be rebalanced (i.e. demand to equa...

Baptiste Lebacq ...
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 05/20/2020

...

Baptiste Lebacq

Schoeller Bleckmann : Balance sheet strengthened further at the end of Q1!

>Confirmation of its top pick status in the tube segment - We maintain our Buy rating with a target price of € 45, the group having already demonstrated its resilience in a challenging oil environment a few years ago. As we mentioned in our recent report “Houston, we have a problem”, SBO is our Top Pick and has a number of strengths to help it weather this cycle trough. A conference call is scheduled at 10.00am. Resilience on display in the quarter - ...

Baptiste Lebacq ...
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Geoffroy Michalet
  • Hana Maalej
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Nicolas David
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 20/05/2020

...

Baptiste Lebacq

Schoeller Bleckmann : Situation financière encore renforcée à la fin du T1 !

>Confirmation de son statut de top pick sur le segment des tubes - Nous maintenons notre recommandation Achat avec un OC de 45 €, le groupe a déjà fait preuve, il y a quelques années, de sa capacité de résilience dans un environnement pétrolier difficile. Comme nous le mentionnions dans notre récente étude « Hallo Houston, nous avons un problème…non le problème est à Houston »,   SBO est notre top pick et dispose de nombreux atouts pour passer ce creux de cycle. ...

Baptiste Lebacq ...
  • Benoit Valleaux
  • Geoffroy Michalet
  • Jean-François Granjon
  • Jerôme Bodin
  • Matthias Desmarais
  • Roland Pfaender,MBA,CFA,CCRA
  • Sylvain Goyon, CFA

ODDO BHF Small & MIDCAP MORNING NEWS - 04/20/2020

...

Baptiste Lebacq ...
  • Benoit Valleaux
  • Geoffroy Michalet
  • Jean-François Granjon
  • Jerôme Bodin
  • Matthias Desmarais
  • Roland Pfaender,MBA,CFA,CCRA
  • Sylvain Goyon, CFA

ODDO BHF Small & MIDCAP MORNING NEWS - 20/04/2020

...

Alain William ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Bruno Cavalier
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Jean Danjou
  • Jean Sassus
  • Jean-François Granjon
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/30/2020

While the direct impact of COVID-19 is likely to be relatively limited, the consequences of the financial crisis will be more significant (lower equity markets, losses on fixed-income products). But solvency margins are set to remain robust. The sell-off in the sector (-29% YTD) looks overdone and we have upgraded our ratings on Allianz and Scor. We have cut our rating to Reduce vs Neutral on Hannover Re on valuation grounds (sizeable premium to the rest of the sector). AXA remains ou...

Alain William ...
  • Baptiste Lebacq
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Nicolas Thorez

ODDO BHF Small & MIDCAP MORNING NEWS - 03/30/2020

...

Alain William ...
  • Baptiste Lebacq
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Nicolas Thorez

ODDO BHF Small & MIDCAP MORNING NEWS - 30/03/2020

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An unfavourable environment weighs on SCHLR.BKM.OILF.EQU.AG, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of SCHLR.BKM.OILF.EQU.AG (AT), active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date April 21, 2020, the closing price was EUR 27.50 and its target price was estimated at EUR 20.77.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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