Peeling Back The Layers: Exploring Schlumberger Through Analyst Insights

Across the recent three months, 6 analysts have shared their insights on Schlumberger SLB, expressing a variety of opinions spanning from bullish to bearish.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

In the assessment of 12-month price targets, analysts unveil insights for Schlumberger, presenting an average target of $69.5, a high estimate of $77.00, and a low estimate of $64.00. Observing a downward trend, the current average is 1.07% lower than the prior average price target of $70.25.

Exploring Analyst Ratings: An In-Depth Overview

The perception of Schlumberger by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Schlumberger. This information offers a snapshot of how analysts perceive the current state of the company.
• Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Schlumberger compared to the broader market.
• Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Schlumberger's stock. This comparison reveals trends in analysts' expectations over time.

Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Schlumberger's market standing. Stay informed and make well-considered decisions with our Ratings Table.

Stay up to date on Schlumberger analyst ratings.

All You Need to Know About Schlumberger

SLB, formerly known as Schlumberger, is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.

Financial Milestones: Schlumberger's Journey

Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.

Positive Revenue Trend: Examining Schlumberger's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 14.12% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Energy sector.

Net Margin: Schlumberger's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 12.37%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 5.62%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): Schlumberger's ROA excels beyond industry benchmarks, reaching 2.37%. This signifies efficient management of assets and strong financial health.

Debt Management: Schlumberger's debt-to-equity ratio is below the industry average. With a ratio of 0.59, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Analyst Ratings: What Are They?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.