Morgan Stanley analyst Daniel Kutz maintains $Schlumberger (SLB.US)$ with a buy rating, and maintains the target price at $60.
According to TipRanks data, the analyst has a success rate of 52.8% and a total average return of 1.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Schlumberger (SLB.US)$'s main analysts recently are as follows:
The firm anticipates limited downside risk to estimates, suggesting that macro concerns, subdued expectations, and a dearth of catalysts are already embedded within the 'discounted valuations' of the energy services group. Looking ahead, the firm believes that the year 2025 will closely resemble 2024, with outperformance being influenced by unique businesses and themes that provide earnings clarity in a market characterized by modest growth.
SLB is positioned favorably to benefit from the growing international and offshore cycles, which are currently progressing from early to middle stages. With enhanced visibility, expectations are set for several years of consistent growth in revenue, EBITDA, and free cash flow. Analysts note that operational leverage is becoming evident and is expected to persist as volumes increase, the cycle progresses, and pricing conditions improve. Despite adjustments to future EPS estimates due to recent asset sale news, a decrease in short-cycle activity growth, and sustained expansion in the Digital business, SLB is still regarded as a preferred option.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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