uploads/2018/05/Broker-Recommendations-12-1.jpg

Analysts’ Target Price for Schlumberger as of May 25

By

Updated

Analysts’ target price for Schlumberger

In this article, we’ll look at Wall Street’s recommendations for Schlumberger (SLB). SLB comprises 5.8% of the iShares US Energy ETF (IYE). IYE provides exposure to the US companies that produce and distribute oil and gas. IYE has decreased 13.0% in the past year versus a nearly unchanged stock price in SLB during the same period.

Article continues below advertisement

Analysts’ ratings for Schlumberger

On May 25, ~75.0% of the Wall Street analysts tracking Schlumberger rated it as a “buy” or some equivalent. Approximately 22.0% of the analysts rated SLB as a “hold.” Approximately 3.0% of the sell-side analysts rated it as a “sell.”

In comparison, 66.0% of the sell-side analysts tracking TechnipFMC (FTI) rated it as a “buy” or some equivalent on May 25, and 22.0% rated it as a “hold.” Plus, 12.0% of sell-side analysts rated it as a “sell,” according to data compiled by Reuters.

Analysts’ rating changes for SLB

From February 25, 2017, to May 25, 2018, the percentage of analysts recommending a “buy” or some equivalent for SLB increased from 74.0% to 75.0%. Analysts’ “hold” recommendations have decreased for SLB during the same period. On May 25, 2017, 80.0% of sell-side analysts recommended a “sell” for SLB.

Analysts’ target prices for Schlumberger and its peers

Wall Street analysts’ mean target price for SLB on May 25 was ~$80.20. SLB is currently trading at ~$71.20, implying an ~13.0% upside at its current price. On April 25, 2017, analysts’ average target price for SLB was $79.80.

The mean target price, surveyed among sell-side analysts, for National Oilwell Varco (NOV) was $36.60 on May 25. NOV is currently trading at ~$42.30, implying an ~14.0% downside at its current price.

The mean target price, surveyed among the sell-side analysts, for NCS Multistage Holdings (NCSM) was $22.60 on May 25. NCSM is currently trading at ~$15.70, implying nearly 44.0% returns at its current price.

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

Advertisement

More From Market Realist