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Analysts’ Forecasts for Schlumberger, Post-1Q18 Earnings Release

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Apr. 25 2018, Updated 9:01 a.m. ET

Wall Street’s forecasts for Schlumberger

In this article, we’ll look at Wall Street analysts’ forecasts for Schlumberger (SLB) following its 1Q18 earnings release. Of the analysts tracking Schlumberger on April 20, ~76% recommended “buy” or some equivalent, ~22% recommended “hold,” and 3% recommended “sell” or some equivalent. Schlumberger comprises 15.5% of the iShares US Oil Equipment & Services ETF (IEZ), which tracks an index composed of US equities in the oil equipment and service sector. 

IEZ has fallen 6% in the past year, while SLB has fallen 7%. In comparison, of the analysts tracking TechnipFMC (FTI) ~59% recommended “buy” or some equivalent, ~28% recommended “hold,” and ~13% recommended “sell.”

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Analysts’ rating changes for SLB

Between January 20 and April 20, the percentage of analysts recommending “buy” or some equivalent for SLB increased from 73% to 76%. “Hold” recommendations fell, while “sell” recommendations rose. On January 20, 2017, ~80% of analysts recommended “buy” for SLB.

Analysts’ target prices for SLB and peers

Analysts’ mean target price for SLB on April 20 was $80.50, and SLB is currently trading at ~$69.30, implying a ~16% upside. A month ago, analysts’ average target price for SLB was $81.90.

On April 20, analysts’ mean target price for NCS Multistage Holdings (NCSM) was $22.40, and NCSM is currently trading at ~$18.20, implying a ~23% upside. Analysts’ mean target price for Fairmount Santrol Holdings (FMSA) was $5.97, and FMSA is currently trading at ~$5.30, implying a ~13% upside. For more, read Market Realist’s The Oilfield Equipment and Services Industry: A Primer and Wall Street’s OFS Picks: 1Q18 Top and Bottom Earnings Stocks.

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