Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: marc chatman who wrote (30764)	10/15/1998 9:05:00 PM
From: kumar L chalasani	Read Replies (1) of 95453

SLB: Check this out - 48 is this "analyst's" 12-month target for SLB. now thats funny. how does one arrive at a target price in markets driven so much more by psychology than by numbers....i don't know. =================================== from WSJ: =================================== Nationsbanc Montgomery Starts Schlumberger At Hold NEW YORK (Dow Jones)--Nationsbanc Montgomery Securities Inc. analyst Michael LaMotte initiated coverage of Schlumberger Ltd. (SLB) with a hold rating. LaMotte expects the oil-service giant to earn $2.47 a share this year and $2.06 in 1999. He believes Schlumberger, which has typically commanded a premium to other oil-service stocks, now carries too much of a premium; it trades at 9.6 times estimated 1999 cash flow, compared with just 6.7 times for rival Halliburton Co. (HAL). As a result, he feels potential upside is limited. The analyst set a 12-month price target on the stock of 48; Schlumberger's shares were recently up 1 to 46 1/16.

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