Schlumberger : Q1 22 > forecasts, future drive from Energy Security & Energy Diversity
>Outperform recommendation maintained, target price raised to $ 50 - Following the publication of Q1 2022 results, we have revised down our forecasts for 2022-2024 EPS by an average of 2% (essentially following the downward adjustment to P&L). The stock has delivered a outperformance YTD of close to 39%, outperforming Brent, up 37.5% and the WTI (+36.5% YTD). In this context of marked improvement in sector momentum, we reiterate our Outperform recommendation with a ta...Schlumberger provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The company has four segments: Reservoir Characterization, which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling, which consists of the principal technologies involved in the drilling and positioning of oil and gas wells; Production, which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs; and Cameron, which consists of the principal technologies involved in pressure and flow control for drilling and intervention rigs, oil and gas wells and production facilities.
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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