17 Analysts Assess Schlumberger: What You Need To Know

Schlumberger NV -0.17% Post

Schlumberger NV

SLB

46.24

46.26

-0.17%

+0.04% Post

Throughout the last three months, 17 analysts have evaluated Schlumberger (NYSE:SLB), offering a diverse set of opinions from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 8 8 1 0 0
Last 30D 0 0 1 0 0
1M Ago 7 6 0 0 0
2M Ago 1 0 0 0 0
3M Ago 0 2 0 0 0

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $67.35, along with a high estimate of $77.00 and a low estimate of $53.00. This current average represents a 1.1% decrease from the previous average price target of $68.10.

price target chart

Analyzing Analyst Ratings: A Detailed Breakdown

A clear picture of Schlumberger's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Chris Vole Wells Fargo Lowers Equal-Weight $53.00 $68.00
Stephen Gengaro Stifel Maintains Buy $64.00 $64.00
Connor Lynagh Morgan Stanley Maintains Overweight $65.00 -
Marc Bianchi TD Cowen Lowers Buy $63.00 $64.00
Charles Minervino Susquehanna Maintains Positive $77.00 $77.00
Phillip Jungwirth BMO Capital Lowers Outperform $64.00 $66.00
Kurt Hallead Benchmark Maintains Buy $68.00 -
Chase Mulvehill B of A Securities Lowers Buy $62.00 $63.00
Chase Mulvehill B of A Securities Raises Buy $63.00 $62.00
Charles Minervino Susquehanna Maintains Positive $77.00 $77.00
Abhishek Kumar HSBC Maintains Buy $71.00 -
David Anderson Barclays Lowers Overweight $70.00 $74.00
Kurt Hallead Benchmark Maintains Buy $68.00 -
Keith Mackey RBC Capital Raises Outperform $69.00 $66.00
Kurt Hallead Benchmark Maintains Buy $68.00 -
Charles Minervino Susquehanna Maintains Positive $77.00 -
Keith Mackey RBC Capital Maintains Outperform $66.00 -

Key Insights:

  • Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Schlumberger. This insight gives a snapshot of analysts' perspectives on the current state of the company.
  • Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Schlumberger compared to the broader market.
  • Price Targets: Gaining insights, analysts provide estimates for the future value of Schlumberger's stock. This comparison reveals trends in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Schlumberger's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on Schlumberger analyst ratings.

Discovering Schlumberger: A Closer Look

SLB is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.

Schlumberger's Economic Impact: An Analysis

Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.

Revenue Growth: Schlumberger's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 12.55%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.

Net Margin: Schlumberger's net margin excels beyond industry benchmarks, reaching 12.27%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Schlumberger's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.22% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Schlumberger's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.23%, the company showcases efficient use of assets and strong financial health.

Debt Management: Schlumberger's debt-to-equity ratio is below the industry average at 0.59, reflecting a lower dependency on debt financing and a more conservative financial approach.

Analyst Ratings: Simplified

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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