Evercore analyst James West maintains $Schlumberger (SLB.US)$ with a buy rating, and adjusts the target price from $74 to $62.
According to TipRanks data, the analyst has a success rate of 38.5% and a total average return of -6.4% 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, citing macroeconomic concerns, tempered expectations, and a scarcity of catalysts, which are believed to be already factored into the energy services group's discounted valuations. As the outlook for 2025 appears to closely resemble that of 2024, it is suggested that outperformance will be steered by businesses with unique qualities and themes that provide earnings predictability in a market characterized by modest growth.
SLB is considered to be in a prime position to benefit from the ongoing international and offshore upcycle, currently in its early to middle phases, with better visibility anticipated for the forthcoming years in terms of revenue, EBITDA, and free cash flow expansion. Analysts highlight that the company's operational leverage is becoming increasingly evident and is expected to be sustained as volume recovery, cycle momentum, and pricing enhancements take place. Despite adjustments to the 2026 EPS projections due to recent developments including the Canadian APS asset sale, a moderation in short-cycle activity growth, and ongoing robust expansion in the Digital segment, SLB still stands out as a preferred selection.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
