Stifel analyst Stephen Gengaro maintains $Schlumberger (SLB.US)$ with a buy rating, and adjusts the target price from $65 to $62.
According to TipRanks data, the analyst has a success rate of 41.2% and a total average return of 4.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Schlumberger (SLB.US)$'s main analysts recently are as follows:
The firm is adjusting its projections for U.S. activity through 2025 to be roughly flat, and is tempering its growth expectations internationally for 2025. Estimates for covered oilfield services companies are being revised accordingly. The general outlook suggests a lack of immediate catalysts for stocks within this sector, aside from the strong free cash flow and cash returns to shareholders.
The company's higher EBITDA and free cash flow margin profile, driven by its technology and international leadership, are viewed positively, while its shares are trading well below their historical valuation multiples. They also compare favorably, falling in line with or below their historical premium relative to peers.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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