Tomahawk, WI 05/22/2014 (Basicsmedia) – Schlumberger Limited (NYSE:SLB) posted a fairly modest last quarter. Schlumberger showed efficient managerial growth, technological leadership and posted strong balanced sheet. The company is positioned to benefit from its oilfield services in the forthcoming quarter, provided SLB improves upon its activity levels and completes the services across North America.

The Good And Bad Patches

Schlumberger Limited (NYSE:SLB) is pushing hard to ameliorate its capacity in strengthening and pumping deep-water activities in GoM, which is deemed to boost the revenues. Despite myriad positivities, SLB’s land drilling activities and hydraulic fracturing remained depressed across major service areas in North America.

Based on the advancement in technology, enhanced size and internal efficiency gains, SLB projected bullish growth model, on the cards, for the larger part of 2014. International gas prices are likely to stay steady. This expects to bolster Schlumberger Limited (NYSE:SLB)’s revenue generation, rising rig count and enhancing the customer activities, thereby increasing its international spending almost 6%, on production and exploration.  The company estimates to acquire maximum growth in revenues from its endeavors in Asia and Middle East, Europe, Africa and Russia. Despite positive estimates, poor performances in North America, slowdown in Mexico and flattened activity in South Iraq would drag the prices from shooting up.

Strong Q1 Paves Way To A Better FY 2014-15

Schlumberger Limited (NYSE:SLB) posted the detailed data pertaining to quarterly earnings on April 14, 2014. Earnings per share increase from $1.01 to $1.21, year over year. Quarterly revenues shot up by 6.3% YoY, to stagger at $11.24 billion in Q1-2014. Amidst positivities, it is expected that the SLB stocks might fare well distinctively and register $5.69 EPS in the Fiscal Year 2014. Further, SLB also declared about paying quarter-wise dividends to its investors at $0.40 per share. Dividend payout has yielded by 1.61%, standing at $1.60 per share.

Stocks Trending Up!

Expectations are high, as evident, on the range of growth in SLB’s net income in the second quarter, on July 11, 2014. However, the investors seem to envisage and anticipate Schlumberger Limited (NYSE:SLB)’s bullish trend, and hence the stocks are trending up, quite near its 52-week high 103.58 mark!

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