NYSE:SLBEnergy Services
Are SLB’s Revised Earnings and Valuation Pointing to a Deeper Shift in Energy Strategy?
In the past quarter, Artisan Value Fund identified Schlumberger Limited as a key detractor in its energy holdings, emphasizing sector weakness due to falling oil prices and macro uncertainty, while earnings estimates for the company were also revised downward.
An interesting insight is that despite short-term challenges, Schlumberger is currently viewed as undervalued compared to its five-year average earnings multiple, which may attract long-term investors.
Given these revised earnings...