Schlumberger (SLB) Stock Forecast & Price Target

$39.96

+0.16 (+0.40%)

(As of 09/13/2024 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 18 Analyst Ratings

Based on 18 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 18 analysts, 1 has given a hold rating, and 17 have given a buy rating for SLB.

Consensus Price Target

$67.00
67.67% Upside

High Forecast	$81.00
Average Forecast	$67.00
Low Forecast	$53.00

According to the 18 analysts' twelve-month price targets for Schlumberger, the average price target is $67.00. The highest price target for SLB is $81.00, while the lowest price target for SLB is $53.00. The average price target represents a forecasted upside of 67.67% from the current price of $39.96.

Type	Current Forecast 9/15/23 to 9/14/24	1 Month Ago 8/16/23 to 8/15/24	3 Months Ago 6/17/23 to 6/16/24	1 Year Ago 9/15/22 to 9/15/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	17 Buy rating(s)	17 Buy rating(s)	16 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	$67.00	$67.56	$69.06	$66.73
Forecasted Upside	67.67% Upside	32.35% Upside	28.69% Upside	21.10% Upside

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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	2.94	2.59	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	67.67% Upside	201.80% Upside	8.61% Upside
News Sentiment Rating	Positive 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
8/20/2024	UBS Group 4 of 5 stars		Lower Target	Buy ➝ Buy	$67.00 ➝ $63.00	+38.89%
7/23/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$70.00 ➝ $67.00	+35.52%
7/22/2024	Evercore ISI 2 of 5 stars		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	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$69.00 ➝ $69.00	+38.94%
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%
Get the Latest News and Ratings for SLB and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Schlumberger and its competitors with MarketBeat's FREE daily newsletter.
7/15/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$62.00 ➝ $58.00	+19.98%
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%
7/11/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$77.00 ➝ $70.00	+54.63%
6/28/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$65.00 ➝ $62.00	+31.02%
4/29/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$68.00 ➝ $53.00	+7.72%
4/22/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$65.00	+30.39%
4/22/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$64.00 ➝ $64.00	+28.39%
4/22/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$66.00 ➝ $64.00	+30.59%
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 Saturday at 05:22 PM ET.

SLB Forecast - Frequently Asked Questions

What is Schlumberger's forecast for 2024?: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Schlumberger is $67.00, with a high forecast of $81.00 and a low forecast of $53.00.
Should I buy or sell Schlumberger stock right now?: 18 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 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SLB shares.
Does Schlumberger's stock price have much upside?: According to analysts, Schlumberger's stock has a predicted upside of 33.26% based on their 12-month stock forecasts.
What analysts cover Schlumberger?: Schlumberger has been rated by research analysts at Bank of America, Barclays, Benchmark, Citigroup, Evercore ISI, Piper Sandler, Royal Bank of Canada, Susquehanna, TD Cowen, and UBS Group in the past 90 days.
Do Wall Street analysts like Schlumberger more than its competitors?: Analysts like Schlumberger more than other "oils/energy" companies. The consensus rating score for Schlumberger is 2.94 while the average consensus rating score for "oils/energy" companies is 2.59. Learn more on how SLB compares to other companies.