Argus reiterated its Buy rating on Schlumberger Limited. (NYSE:SLB) stock and its price objective of $112, on the belief that Schlumberger is currently well poised among all other oil field service companies regardless of the extent of the rebound in ...
Schlumberger Limited (NYSE:SLB) broke the relative silence in the energy M&A market today with a bang. It announced that it has agreed to acquire oilfield equipment maker Cameron International (NYSE:CAM) in a $14.8 billion deal.
Schlumberger Limited. logo Schlumberger Limited. (NYSE:SLB)'s stock had its “buy” rating reissued by equities researchers at Argus in a research note issued to investors on Thursday, Analyst Ratings Net reports.
The shares of Cameron International Corporation (NYSE:CAM) are trading 44.01% higher in morning trading after the company agreed to be acquired by Schlumberger Limited (NYSE:SLB). On the other hand, the shares of the latter are down by 2.79%.
A merger of Schlumberger Ltd. and Cameron International Corp., if approved, could mean savings not only for a new company, but also for its customers at a time of low oil prices where every penny seems to count.
Schlumberger (SLB +2.7%) is offering more than $66 in cash and stock per share while takeover target Cameron International's (CAM +2.5%) private market value may be only $63, according to Gabelli analysts who lower their recommendation on CAM to ...
Schlumberger Limited. logo Schlumberger Limited. (NYSE:SLB) was upgraded by investment analysts at Standpoint Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, MarketBeat reports.