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Schlumberger Deluxe: Inside the Latest Market Indicators

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Part 5
Schlumberger Deluxe: Inside the Latest Market Indicators PART 5 OF 5

Schlumberger on the Street: Inside the Latest Analyst Recommendations

Wall Street’s forecast for Schlumberger

On March 17, 2017, ~82% of analysts tracking Schlumberger (SLB) rated it a “buy” or some equivalent, while 18% rated the company a “hold.” None of the analysts recommended a “sell” or some equivalent, according to data compiled by Reuters.

Notably, Schlumberger makes up 0.54% of the SPDR S&P 500 ETF (SPY). You can read more about how Wall Street analysts’ estimate top the performance of top OFS (oilfield equipment and services) companies in Market Realist’s series What Oilfield Services Companies’ Forward Multiples Indicate.

Schlumberger on the Street: Inside the Latest Analyst Recommendations

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By comparison, ~53% of analysts tracking TechnipFMC (FTI) rated it a “buy” or some equivalent on March 17. Approximately 35% rated FTI a “hold.”

Rating changes and target prices for SLB

From December 17, 2016, to March 17, 2017, the percentage of analysts recommending a “buy” or some equivalent for SLB has risen from 81% to 82%. One year ago, ~79% of the sell-side analysts recommended a “buy” for SLB.

Wall Street analysts’ mean target price for SLB on March 17 was $97.31. SLB is currently trading at ~$79.6, implying ~22% upside at its current consensus mean price. One month ago, the analyst average target price for SLB was $96.8. (You can read more about SLB’s valuation in Market Realist’s Schlumberger’s Valuation Compared to Its Peers in 2017.)

Target prices for SLB’s peers

The mean target price, surveyed among sell-side analysts, for Key Energy Services (KEG) was $37.50 on March 17. KEG is currently trading at ~$25.45, implying 47% upside at its average target price. The mean target price, as surveyed among the sell-side analysts, for Keane Group (FRAC) is $24.6. FRAC is currently trading at ~$16.3, implying ~51% upside at its average target price.

For more on the OFS industry, check out Market Realist’s The Oilfield Equipment and Services Industry: A Primer. For more updates on the industry, keep checking in with Market Realist’s Oilfield Services page.

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