Analysts’ recommendation on Schlumberger

In this part, we’ll discuss Wall Street analysts’ recommendations for Schlumberger (SLB) before its 4Q17 earnings release.

Schlumberger: Analysts’ Recommendation before 4Q17

Analysts’ rating for Schlumberger

According to data compiled by Reuters, on January 2, 2018, 73% of the Wall Street analysts tracking Schlumberger rated it as a “buy” or some equivalent. Approximately 27% of the sell-side analysts rated Schlumberger as a “hold” and none of the analysts recommended it as a “sell.”

In comparison, ~78% of the analysts tracking Weatherford International (WFT) rated it as a “buy” or some equivalent on January 2, 2018, while 19% of the analysts rated it as a “hold.”

Analysts’ rating changes

From October 2, 2017, to January 2, 2018, the percentage of analysts recommending a “buy” or some equivalent for Schlumberger remained unchanged at 73%. Approximately 81% of the sell-side analysts recommended a “buy” for Schlumberger last year. Schlumberger accounts for 6.3% of the iShares US Energy ETF (IYE). IYE fell 4% in the past year—compared to an 18% fall in Schlumberger’s stock price during the same period.

Analysts’ target prices for Schlumberger and its peers

On January 2, analysts’ mean target price for Schlumberger was $74.7. Currently, Schlumberger is trading at ~$69.5, which implies ~7% upside at its current target price. On January 2, 2018, analysts’ average target price for Schlumberger rose marginally compared to a month ago.

The mean target price for Key Energy Services (KEG) is $11.8. KEG is trading at ~$13.6, which implies ~13% downside at its current price.

To learn more about the OFS industry, read The Oilfield Equipment and Services Industry: A Primer.

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