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Wall Street’s Recommendations on Schlumberger before 3Q17 Earnings

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Wall Street’s recommendations on Schlumberger

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Analysts’ ratings for Schlumberger

On October 2, 2017, a Reuters survey reported that 72% of the Wall Street analysts tracking Schlumberger rated it as a “buy” or some equivalent. Approximately 28% of the sell-side analysts rated SLB as a “hold,” and none recommended it as a “sell.”

In comparison, approximately 79% of analysts tracking TETRA Technologies (TTI) rated it as a “buy” or some equivalent on October 2, 2017, while 21% of the analysts rated it as a “hold.”

Analysts’ rating changes for SLB

From July 2, 2017, to October 2, 2017, the percentage of analysts recommending a “buy” or some equivalent for SLB has increased from 71% to 72%. Approximately 80% of the sell-side analysts recommended a “buy” for SLB a year ago.

Schlumberger comprises 6.6% of the iShares US Energy ETF (IYE). IYE decreased 4% in the past year compared to a 12% drop in SLB’s stock price during the same period.

Analysts’ target prices for SLB and its peers

Analysts’ mean target price for Schlumberger on October 2 was $78.30. SLB is currently trading at ~$69.30, implying an ~13% upside at its current target price. Analysts’ average target price for SLB on October 2, 2017, remained unchanged compared to a month ago.

The mean target price for Key Energy Services (KEG) is $15.00. KEG is currently trading at ~$13.80, implying an ~9% upside in its mean target price.

Wall Street’s average target price for Basic Energy Services (BAS) is ~$25.10. BAS is currently trading at ~$19.80, implying 27% potential returns at its average target price.

You can learn more about the OFS industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.

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