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Schlumberger (SLB) Stock Forecast & Price Target

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$43.53 +0.43 (+1.00%)
(As of 11/20/2024 ET)
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Schlumberger - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 19 Analyst Ratings
Sell
0
Hold
1
Buy
18

Based on 19 Wall Street analysts who have issued ratings for Schlumberger in the last 12 months, the stock has a consensus rating of "Buy." Out of the 19 analysts, 1 has given a hold rating, 17 have given a buy rating, and 1 has given a strong buy rating for SLB.

Consensus Price Target

$60.97
40.07% Upside
According to the 19 analysts' twelve-month price targets for Schlumberger, the average price target is $60.97. The highest price target for SLB is $71.00, while the lowest price target for SLB is $49.00. The average price target represents a forecasted upside of 40.07% from the current price of $43.53.
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SLB Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24		1 Month Ago
10/23/23 to 10/22/24		3 Months Ago
8/24/23 to 8/23/24		1 Year Ago
11/22/22 to 11/22/23
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
17 Buy rating(s)
18 Buy rating(s)
17 Buy rating(s)
14 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$60.97$61.58$67.00$70.36
Forecasted Upside40.07% Upside46.85% Upside48.49% Upside33.96% Upside
Consensus Rating
Buy
Moderate Buy
Moderate Buy
Moderate Buy

SLB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SLB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Schlumberger Stock vs. The Competition

TypeSchlumbergerOils/Energy CompaniesS&P 500
Consensus Rating Score
3.00
2.62
2.50
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside40.07% Upside1,433.20% Upside9.83% Upside
News Sentiment Rating
Positive News

See Recent SLB News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/12/2024Sanford C. Bernstein
3 of 5 stars		G. Delaby
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeStrong-Buy
10/22/2024Citigroup
3 of 5 stars		 Lower TargetBuy ➝ Buy$60.00 ➝ $54.00+28.27%
10/21/2024Evercore ISI
2 of 5 stars		 Lower TargetOutperform ➝ Outperform$74.00 ➝ $62.00+45.64%
10/21/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$62.00 ➝ $60.00+40.94%
10/21/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetPositive ➝ Positive$60.00 ➝ $56.00+32.54%
10/21/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$68.00 ➝ $65.00+55.06%
10/16/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$67.00 ➝ $63.00+44.56%
10/14/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$58.00 ➝ $54.00+21.18%
10/10/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$60.00 ➝ $58.00+29.38%
10/3/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$69.00 ➝ $69.00+55.30%
10/1/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$64.00 ➝ $60.00+38.82%
9/25/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$53.00 ➝ $49.00+16.47%
9/18/2024Dbs Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		R. Department
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageBuy$64.50+55.80%
9/18/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$63.00 ➝ $57.00+37.61%
9/16/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$65.00 ➝ $60.00+49.81%
7/22/2024Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$68.00 ➝ $68.00+35.97%
7/15/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$71.00 ➝ $66.00+42.18%
4/4/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$71.00+29.82%
4/1/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy
10/23/2023Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$68.00 ➝ $72.00+22.59%
10/9/2023Societe Generale
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$81.00+39.10%
10/2/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$70.00 ➝ $75.00+29.83%
6/7/2023Capital One Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		D. Becker
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageOverweight$63.00+31.00%
1/16/2023Griffin Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		K. Simpson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy
1/12/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:02 AM ET.


Should I Buy Schlumberger Stock? SLB Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, October 31, 2024. Please send any questions or comments about these Schlumberger pros and cons to contact@marketbeat.com.

Schlumberger
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Schlumberger Limited:

  • Schlumberger Limited stock price has shown a 1.3% increase recently, indicating positive momentum in the market.
  • Analysts have given Schlumberger Limited an average rating of "Moderate Buy" with a target price of $65.29, suggesting potential for growth.
  • Schlumberger Limited reported a strong quarterly earnings result, beating the consensus estimate and showing revenue growth.
  • Insiders of Schlumberger Limited have been actively selling shares, which could indicate confidence in the company's future performance.
  • Recent analyst forecasts for Schlumberger Limited have been positive, with price targets indicating upside potential for investors.

Schlumberger
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Schlumberger Limited for these reasons:

  • Schlumberger Limited's stock has a beta of 1.51, indicating higher volatility compared to the market average, which may pose risks for investors.
  • The company's stock price has experienced fluctuations, potentially leading to uncertainty for short-term investors.
  • Despite positive analyst ratings, Schlumberger Limited operates in the oil and gas industry, which is subject to market volatility and regulatory changes.
  • Corporate insiders have been selling significant amounts of company stock, which could raise concerns about future performance or market conditions.
  • Schlumberger Limited's debt-to-equity ratio of 0.55 may indicate a moderate level of financial leverage, which could impact the company's financial stability in challenging economic conditions.

SLB Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Schlumberger is $60.97, with a high forecast of $71.00 and a low forecast of $49.00.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last year. There is currently 1 hold rating, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SLB shares.

According to analysts, Schlumberger's stock has a predicted upside of 40.07% based on their 12-month stock forecasts.

Over the previous 90 days, Schlumberger's stock had 1 upgrade by analysts.

Analysts like Schlumberger more than other "oils/energy" companies. The consensus rating for Schlumberger is Buy while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how SLB compares to other companies.

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This page (NYSE:SLB) was last updated on 11/21/2024 by MarketBeat.com Staff
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