RBC Capital analyst Keith Mackey maintains $Schlumberger (SLB.US)$ with a buy rating, and adjusts the target price from $69 to $67.
According to TipRanks data, the analyst has a success rate of 63.7% and a total average return of 22.6% 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 activity assumptions for the latter half of 2024 and the following year in the U.S., while slightly dialing back on its international growth expectations for 2025. Consequently, the estimates for its covered oilfield services companies are being revised. The current projection is for approximately flat U.S. activity through 2025, with a general perspective that there are few immediate drivers for stock performance in this sector, aside from the strong free cash flow and cash returns to shareholders.
The firm is optimistic about the company's enhanced EBITDA and free cash flow margins, which are bolstered by its technological edge and international dominance. Additionally, the company's shares are currently trading at a significant discount to their historical valuation multiples and are either equivalent to or less than the traditional premium when compared to its peers.
Note:
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