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Energy sector's risk-off stance, underperformance so far in 2024

Ryan Hasson
Written by Ryan Hasson | Reviewed by Don Miller
January 19, 2024

Key Points

  • The energy sector faces a risk-off scenario in 2024, grappling with underperformance amid market shifts.
  • Exxon Mobil (XOM) and Chevron (CVX) experience downtrends, signaling challenges and outflows within the sector.
  • Geopolitical tensions and OPEC decisions further contribute to the energy sector's complex landscape.
  • 5 stocks we like better than Schlumberger.

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Should you invest $1,000 in Schlumberger right now?

Before you consider Schlumberger, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Schlumberger wasn't on the list.

While Schlumberger currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Ryan Hasson
About The Author

Ryan Hasson

Contributing Author

Technical Analysis, Momentum Trading, Risk Management

Learn More about Ryan Hasson
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Energy Select Sector SPDR Fund (XLE)N/A$87.99-0.7%3.66%8.52N/AN/A
Chevron (CVX)
4.8636 of 5 stars		$153.07+2.9%4.26%15.16Moderate Buy$173.07
Exxon Mobil (XOM)
4.5806 of 5 stars		$114.98-1.5%3.31%13.75Moderate Buy$130.37
Schlumberger (SLB)
4.9437 of 5 stars		$39.76-0.8%2.77%12.78Moderate Buy$60.97
Compare These Stocks  Add These Stocks to My Watchlist 


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