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Schlumberger in Paradise? Your Key Market Indicators

PART:
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Part 5
Schlumberger in Paradise? Your Key Market Indicators PART 5 OF 5

Schlumberger on the Street: What the Analysts Are Saying about SLB

Wall Street’s forecast for Schlumberger

On March 10, 2017, ~82% of analysts tracking Schlumberger (SLB) rated it a “buy” or some equivalent. Approximately 18% have rated the company a “hold.” None of the analysts have recommended a “sell” or an equivalent, according to the data compiled by Reuters.

By comparison, ~53% of analysts tracking TechnipFMC (FTI) have rated it a “buy” or some equivalent as of March 10. About 35% have rated FTI a “hold.”

Schlumberger on the Street: What the Analysts Are Saying about SLB

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Analysts’ rating changes for SLB

From December 10, 2016, to March 10, 2017, the percentage of analysts recommending a “buy” or some equivalent for SLB has risen from 81% to 82%. One year ago, ~79% of sell-side analysts recommended a “buy” for SLB.

Notably, Schlumberger makes up 0.54% of the SPDR S&P 500 ETF (SPY).

Analysts’ target prices for SLB

The Wall Street analyst mean target price for SLB on March 10 was $97.31. SLB is currently trading at ~$78.7, implying ~24% 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 among the surveyed sell-side analysts for Basic Energy Services (BAS) was $44.94 on March 10. BAS is currently trading at ~$31.9, which implies a 41% upside at its average target price. The mean target price among the surveyed sell-side analysts, for Oceaneering International (OII) was $29.8 on the same date. OII is currently trading at ~$25.9, which implies a ~15% upside at its average target price.

For more analysis of the oilfield equipment and services industry, you might refer to Market Realist’s The Oilfield Equipment and Services Industry: A Primer, or simply keep checking in with our Upstream Oil and Gas page.

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