Schlumberger ends in red after six straight sessions of gains

Shares of Schlumberger (NYSE:SLB) ended lower on Wednesday, snapping their six-day rally and registering its first session in losses since June 14th.

The oilfield services company traded 2.75% lower to end the Wednesday trading session at $46.22. Since the start of the year, SLB has fallen about 11%, underperforming the broader S&P 500 index.

Looking at Seeking Alpha’s Quant ratings, SLB had a Hold rating with a score of 3.06 out of 5. The company received an A- for profitability and a B for its growth prospects. The stock got a D- for valuation compared to an F six months ago.

Turning to the Wall Street community, 30 sell-side analysts surveyed in the last 90 days rated SLB as a Buy or higher. Meanwhile, one analyst rated the company as a Hold or lower.

Seeking Alpha analysts generally saw the company as a Buy. Endorsing the company as a Buy, Laura Starks, SA analyst, said, “Despite the current downshift in oilfield services spending as oil and gas companies undergo consolidation, SLB’s growth prospects are good, particularly as large companies turn their long-term growth sights on international prospects, SLB’s strength”.