SLB (SLB) Could Be 16% Undervalued After Brazil Seismic Survey Launch

Shearwater GeoServices has launched the Amapá 3D multi-client seismic survey offshore northern Brazil in partnership with SLB (NYSE:SLB), putting fresh attention on the stock as investors assess what this project could mean. SLB shares trade at US$51.76 and the stock has had a 1-day share price return of 1.25% but is down 3.92% over the past month. A 90-day share price return of 8.31% and year to date gain of 28.76% sit alongside a 1-year total shareholder return of 56.32%, suggesting recent...