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Schlumberger (SLB) Stock Forecast & Price Target

$46.42
+0.23 (+0.50%)
(As of 07/12/2024 ET)

Schlumberger - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$68.18
46.87% Upside
High Forecast$81.00
Average Forecast$68.18
Low Forecast$53.00
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Moderate Buy
Moderate Buy
Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
16 Buy rating(s)
16 Buy rating(s)
16 Buy rating(s)
17 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$68.18$69.06$70.31$64.44
Forecasted Upside46.87% Upside28.69% Upside27.48% Upside24.98% Upside
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SLB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SLB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Schlumberger Stock vs. The Competition

TypeSchlumbergerOils/Energy CompaniesS&P 500
Consensus Rating Score
2.94
2.56
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside46.87% Upside302.75% Upside9.20% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/11/2024Susquehanna
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 Lower TargetPositive ➝ Positive$77.00 ➝ $70.00+54.63%
6/28/2024Citigroup
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 Lower TargetBuy ➝ Buy$65.00 ➝ $62.00+31.02%
6/25/2024Benchmark
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 Reiterated RatingBuy ➝ Buy$68.00 ➝ $68.00+43.04%
4/29/2024Wells Fargo & Company
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 DowngradeOverweight ➝ Equal Weight$68.00 ➝ $53.00+7.72%
4/22/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$65.00+30.39%
4/22/2024Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$64.00 ➝ $64.00+28.39%
4/22/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$66.00 ➝ $64.00+30.59%
4/22/2024TD Cowen
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 Lower TargetBuy ➝ Buy$64.00 ➝ $63.00+26.38%
4/22/2024Bank of America
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 Lower TargetBuy ➝ Buy$63.00 ➝ $62.00+24.37%
4/4/2024HSBC
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 Reiterated RatingBuy ➝ Buy$71.00+29.82%
4/4/2024Barclays
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 Lower TargetOverweight ➝ Overweight$74.00 ➝ $70.00+27.99%
4/3/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$66.00 ➝ $69.00+25.48%
4/1/2024The Goldman Sachs Group
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 Reiterated RatingBuy ➝ Buy
10/23/2023Raymond James
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 Boost TargetOutperform ➝ Outperform$68.00 ➝ $72.00+22.59%
10/9/2023Societe Generale
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 Initiated CoverageBuy$81.00+39.10%
10/2/2023Jefferies Financial Group
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 Boost Target$70.00 ➝ $75.00+29.83%
9/11/2023Piper Sandler
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 Boost TargetOverweight ➝ Overweight$64.00 ➝ $77.00+27.48%
8/17/2023UBS Group
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 Boost TargetBuy ➝ Buy$72.00 ➝ $73.00+24.34%
6/7/2023Capital One Financial
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D. Becker
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Initiated CoverageOverweight$63.00+31.00%
1/16/2023Griffin Securities
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K. Simpson
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Reiterated RatingBuy
1/12/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
10/24/2022Susquehanna Bancshares
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 Boost TargetPositive$52.00 ➝ $59.00+18.64%
7/25/2022Cowen
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 Boost TargetOutperform$47.00 ➝ $49.00+36.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:12 PM ET.

SLB Forecast - Frequently Asked Questions

What is Schlumberger's forecast for 2024?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Schlumberger is $68.18, with a high forecast of $81.00 and a low forecast of $53.00.

Should I buy or sell Schlumberger stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last twelve months. There is currently 1 hold rating and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SLB shares.

Does Schlumberger's stock price have much upside?

According to analysts, Schlumberger's stock has a predicted upside of 29.74% based on their 12-month stock forecasts.

Has Schlumberger been downgraded by Wall Street analysts recently?

Over the previous 90 days, Schlumberger's stock had 1 downgrade by analysts.

What analysts cover Schlumberger?

Schlumberger has been rated by research analysts at Bank of America, Benchmark, BMO Capital Markets, Citigroup, Morgan Stanley, Stifel Nicolaus, Susquehanna, TD Cowen, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Schlumberger more than its competitors?

Analysts like Schlumberger more than other "oils/energy" companies. The consensus rating score for Schlumberger is 2.94 while the average consensus rating score for "oils/energy" companies is 2.56. Learn more on how SLB compares to other companies.


This page (NYSE:SLB) was last updated on 7/14/2024 by MarketBeat.com Staff

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