(SLB) '07 P/E: 14, *EPS Gr: 23.9%
For starters, how about cozying up to this hot stock in the energy sector? Houston-based Schlumberger recently posted a blowout quarter with both earnings and revenue above expectations. CEO Andrew Gould said the world's largest oilfield services company expects "significant" growth in 2007.Shares of Schlumberger are already up about 3 percent this year, versus a slight decline in the broader Philadelphia Oilfield Services Sector Index.
"We believe Schlumberger remains the No. 1 company in the industry - in terms of range of services, depth of capability, breadth of management and leadership in technology," Bank of America analyst James Wicklund said in a recent research note.
Some investors have expressed concerns that a relatively mild early winter weakened demand for natural gas as a heating source. But the recent spate of frigid temperatures has put those fears to rest: 19 of the 25 analysts that follow it rate the stock a "buy" or "strong buy."
