Schoeller Bleckmann : Heightened confidence reflected in doubling of the dividend
>Buy recommendation maintained, target price € 125 - We are maintaining our Buy recommendation on the stock and have made marginal adjustments to our sequence of earnings estimates. The good news in this release is that the dividend has been doubled. Our target price remains unchanged at € 125 (based on a 2019e EBITDA multiple of 13.5x). Retaining a speculative dimension that we deem less probable following GE's decision to pull out of oil & gas (multiple retained fro...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.