Schoeller Bleckmann : All operational signals still on green
>Outperform rating and target price raised to € 88 - Following the results publication and conference call, we have raised our forecast for 2022-2024 EBITDA by 5% on average (we are now 6% above the consensus’ estimates) to factor in an acceleration in the oil cycle. Schoeller Bleckmann boasts a unique positioning in our sample of coverage and a business mode which, in the past, has demonstrated its resilience. We have raised our target price to € 88. Despite th...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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