For Investors Only -- June 25, 2014 -- Schlumberger Is Up As Much As 6%

Trading at new 52-week highs (a very, very small number of new highs; suggesting .... ??):
BK, EPD, OKE, SLB.

Schlumberger is up as much as 6%. Remember, this is a very large, mature company. There are very few companies in mining, manufacturing, oil, etc., this huge, this mature, that have spikes like this. The reason, the fly on the wall is reporting:

Schlumberger and its peers are rising after the oil and gas services company provided long-term profit guidance. WHAT'S NEW: At an investor conference earlier today, Schlumberger predicted that its earnings per share would increase at a compound annual growth rate of 17%-20%. In a note to investors earlier today, RBC Capital analyst Kurt Hallead wrote that the Street was expecting the company's EPS to grow at an annualized rate of 15%. 

Schlumberger predicted that its 2017 EPS would be $9-$10. The company said it could achieve its guidance through revenue growth, margin expansion, and share repurchases. Sclhumberger added that it expects oil markets to be "well-balanced" through 2017. It predicted that spending on exploration would be "subdued" in 2015, but it expects a renewed focus on exploration in 2016-2017.

WHAT'S NOTABLE: Before Schlumberger announced its guidance today, Hallead predicted that the company's EPS would reach $8 in 2016. PRICE ACTION: Near noon, Schlumberger climbed 5% to $112.25. Other companies in the sector also advanced, with Baker Hughes  rising 1.9% to $72.77, Halliburton  gaining 1.8% to $69.39, and Weatherford adding 1% to $22.67.

But "that explanation" begs the question, "why." I posted my personal thoughts on this on June 20, 2014, and was quite specific.