The Analyst Landscape: 15 Takes On Schlumberger

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Across the recent three months, 15 analysts have shared their insights on Schlumberger SLB, expressing a variety of opinions spanning from bullish to bearish.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

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

The 12-month price targets, analyzed by analysts, offer insights with an average target of $66.8, a high estimate of $77.00, and a low estimate of $53.00. Highlighting a 1.89% decrease, the current average has fallen from the previous average price target of $68.09.

Investigating Analyst Ratings: An Elaborate Study

The standing of Schlumberger among financial experts is revealed through an in-depth exploration 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
Kurt Hallead Benchmark Maintains Buy $68.00 $68.00
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

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Schlumberger. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Schlumberger compared to the broader market.
  • Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.

For valuable insights into Schlumberger's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Schlumberger analyst ratings.

Delving into Schlumberger's Background

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.

Unraveling the Financial Story of Schlumberger

Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.

Positive Revenue Trend: Examining Schlumberger's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 12.55% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 12.27%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Schlumberger's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.22%, the company showcases efficient use of equity capital and strong financial health.

Return on Assets (ROA): Schlumberger's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.23% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.59.

Understanding the Relevance of Analyst Ratings

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

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

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