Schlumberger (SLB) Stock Forecast & Price Target

$41.92

-2.07 (-4.71%)

(As of 10/18/2024 ET)

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

Moderate 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 "Moderate Buy." Out of the 19 analysts, 1 has given a hold rating, and 18 have given a buy rating for SLB.

Consensus Price Target

$62.97
50.22% Upside

According to the 19 analysts' twelve-month price targets for Schlumberger, the average price target is $62.97. The highest price target for SLB is $74.00, while the lowest price target for SLB is $49.00. The average price target represents a forecasted upside of 50.22% from the current price of $41.92.

SLB Analyst Ratings Over Time

Type	Current Forecast 10/21/23 to 10/20/24	1 Month Ago 9/21/23 to 9/20/24	3 Months Ago 7/23/23 to 7/22/24	1 Year Ago 10/21/22 to 10/21/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	18 Buy rating(s)	18 Buy rating(s)	17 Buy rating(s)	16 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	$62.97	$66.29	$67.72	$69.19
Forecasted Upside	50.22% Upside	56.31% Upside	36.98% Upside	18.86% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Schlumberger Stock vs. The Competition

Type	Schlumberger	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.95	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	50.22% Upside	37.74% Upside	6.19% Upside
News Sentiment Rating	Neutral News See Recent SLB News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/16/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$67.00 ➝ $63.00	+44.56%
10/14/2024	Bank of America 4 of 5 stars		Lower Target	Buy ➝ Buy	$58.00 ➝ $54.00	+21.18%
10/11/2024	Stifel Nicolaus 4 of 5 stars		Lower Target	Buy ➝ Buy	$65.00 ➝ $62.00	+38.21%
10/11/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$70.00 ➝ $60.00	+34.71%
10/10/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$60.00 ➝ $58.00	+29.38%
10/3/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$69.00 ➝ $69.00	+55.30%
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10/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$64.00 ➝ $60.00	+38.82%
9/25/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$53.00 ➝ $49.00	+16.47%
9/18/2024	Dbs Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Department Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$64.50	+55.80%
9/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$63.00 ➝ $57.00	+37.61%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$65.00 ➝ $60.00	+49.81%
7/22/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$73.00 ➝ $74.00	+48.18%
7/22/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$68.00 ➝ $68.00	+35.97%
7/22/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$62.00 ➝ $64.00	+28.85%
7/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$71.00 ➝ $66.00	+42.18%
6/28/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$65.00 ➝ $62.00	+31.02%
4/4/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$71.00	+29.82%
4/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy
10/23/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$68.00 ➝ $72.00	+22.59%
10/9/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$81.00	+39.10%
10/2/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$70.00 ➝ $75.00	+29.83%
6/7/2023	Capital 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 Coverage	Overweight	$63.00	+31.00%
1/16/2023	Griffin Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Simpson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
1/12/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
10/24/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive	$52.00 ➝ $59.00	+18.64%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 12:52 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 Monday, October 7, 2024. Please send any questions or comments about these Schlumberger pros and cons to contact@marketbeat.com.

Schlumberger
Bull Case

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

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 $62.97, with a high forecast of $74.00 and a low forecast of $49.00.
: 19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last twelve months. There is currently 1 hold rating and 18 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SLB shares.
: According to analysts, Schlumberger's stock has a predicted upside of 50.22% based on their 12-month stock forecasts.
: Schlumberger has been rated by research analysts at Bank of America, Barclays, Benchmark, BMO Capital Markets, Dbs Bank, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Canada, Stifel Nicolaus, Susquehanna, TD Cowen, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Schlumberger more than other "oils/energy" companies. The consensus rating score for Schlumberger is 2.95 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how SLB compares to other companies.

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This page (NYSE:SLB) was last updated on 10/20/2024 by MarketBeat.com Staff

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Schlumberger (SLB) Stock Forecast & Price Target