Schoeller Bleckmann : US set to weigh on the trend in H2 2019 but international markets holding up
>The US is pressuring our earnings expectations - At the start of H2 2019, momentum in the US seems to be much less robust than we expected due to significant capex tensions for E&P players present in shale oil. Based on this trend, we have cut our top-line forecasts for the group by 6%. Our EBITDA expectations for 2019 (€ 118.9m) are now 6% below the consensus. Following our adjusted expectations, our new target price is € 100 (vs € 108 before) and is still based o...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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