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.

Analysts’ Target Price for Schlumberger as of May 25

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.

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