Schlumberger Stock Gets Strong 'Buy' Rating Despite Challenges
Schlumberger Limited (SLB) stock has received a strong endorsement from analysts, with a consensus 'Strong Buy' rating. Despite recent underperformance, the mean price target suggests a significant premium and upside potential. The company, however, faces challenges due to a downturn in upstream finance spending.
SLB's stock has seen a 6% decline year-to-date and 10.2% over the past 52 weeks, lagging behind the S&P 500 Index. Analysts expect earnings per share (EPS) to drop by 15.3% year-over-year to $2.89 for the full fiscal 2025. The company has cited a slowdown in upstream finance spending, particularly in North and Latin America, as a contributing factor.
Despite these challenges, SLB has a strong analyst backing. It has 16 'Strong Buys', four 'Moderate Buys', and three 'Holds'. The mean price target is $46.68, indicating a 29.5% premium to current levels. The Street-high target suggests a substantial 127.4% upside potential. Rothschild Redburn has initiated coverage on SLB with a 'Buy' rating and a $48 price target, highlighting the company's strategic shift towards less cyclical businesses.
While Schlumberger faces headwinds due to reduced upstream finance spending, analysts remain bullish on the stock. The company's strategic shift and strong financial outlook, as reflected in the price targets, suggest potential recovery. Investors should keep an eye on SLB's earnings reports, with scheduled dates in January, April, July, and October 2026, for updates on its performance and revenue outlook.
