SLB Analysts Boost Their Forecasts Following Q2 Earnings

Schlumberger N.V. SLB reported mixed results for its second quarter

Schlumberger reported a second-quarter FY23 revenue increase of 19.6% year-over-year to $8.10 billion, missing the consensus of $8.22 billion. Adjusted EPS increased 44% Y/Y to $0.72, beating the consensus of $0.71.

Schlumberger shares fell 2.2% to close at $56.01 on Friday, but added 0.1% in today’s pre-market trading session.

These analysts made changes to their price targets on Schlumberger following earnings announcement.

• Raymond James raised the price target on SLB from $65 to $67. Raymond James analyst James Rollyson maintained an Outperform rating.
• Susquehanna boosted the price target on SLB from $65 to $68. Susquehanna analyst Charles Minervino maintained a Positive rating.

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