Forecasting The Future: 12 Analyst Projections For Schlumberger

During the last three months, 12 analysts shared their evaluations of Schlumberger SLB, revealing diverse outlooks from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Analysts have set 12-month price targets for Schlumberger, revealing an average target of $64.92, a high estimate of $77.00, and a low estimate of $53.00. Highlighting a 3.75% decrease, the current average has fallen from the previous average price target of $67.45.

Breaking Down Analyst Ratings: A Detailed Examination

The standing of Schlumberger among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Schlumberger. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Schlumberger compared to the broader market.
• Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Schlumberger's stock. This comparison reveals trends in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Schlumberger's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Schlumberger analyst ratings.

Discovering Schlumberger: A Closer Look

SLB 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.

Schlumberger: Delving into Financials

Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.

Revenue Growth: Schlumberger's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 12.55%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Schlumberger's net margin is impressive, surpassing industry averages. With a net margin of 12.27%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Schlumberger's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.22% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Schlumberger's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.23% ROA, the company effectively utilizes its assets for optimal returns.

Debt Management: Schlumberger's debt-to-equity ratio is below the industry average at 0.59, reflecting a lower dependency on debt financing and a more conservative financial approach.

How Are Analyst Ratings Determined?

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

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