Wall Street’s forecasts for Schlumberger
In this article, we’ll look at Wall Street analysts’ forecasts for Schlumberger (SLB) on July 20. SLB released its second-quarter earnings on that day.
Consensus rating for Schlumberger
Approximately 73.0% of sell-side analysts tracking Schlumberger rated it as a “buy” or some equivalent on July 20. Approximately 24.0% rated the company as a “hold.” Only 3.0% of the analysts recommended a “sell” or an equivalent.
Approximately 48.0% of sell-side analysts tracking Baker Hughes, a GE company (BHGE) rated it as a “buy” or some equivalent, and ~52.0% rated it as a “hold.” None of the sell-side analysts rated it as a “sell.”
Analysts’ rating changes for SLB
From April 20 to July 20, the percentage of analysts recommending a “buy” or some equivalent for SLB has decreased from 76.0% to 73.0%. Analysts’ “hold” recommendations have increased for SLB during the same period. On July 20, 2017, ~74.0% of sell-side analysts recommended a “buy” for SLB.
Analysts’ target prices for SLB and its peers
Wall Street analysts’ mean target price for SLB on July 20 was $78.40. SLB is currently trading at ~$66.10, implying an ~19.0% upside at its current price. A month ago, analysts’ average target price for SLB was $79.40.
The mean target price, which was surveyed among sell-side analysts, for NOW, Inc. (DNOW) was $14.00 on July 20. DNOW is currently trading at ~$14.20, implying an ~1.0% downside at its current price. The mean target price, as surveyed among the sell-side analysts, for Keane Group (FRAC) was $20.32 on July 20. FRAC is currently trading at ~$12.40, implying an ~64.0% upside at its current price.
You can learn more about the OFS industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.