17 Analysts Assess Schlumberger: What You Need To Know
Portfolio Pulse from Benzinga Insights
17 analysts have recently evaluated Schlumberger (NYSE:SLB), showing a mix of bullish to indifferent sentiments. The average 12-month price target is now $67.35, a slight decrease from the previous $68.10. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting dynamic market conditions and Schlumberger's performance. Schlumberger, a leading oilfield service firm, has shown impressive financial health with a revenue growth rate of 12.55%, a net margin of 12.27%, and an ROE of 5.22%, outperforming industry averages.
April 29, 2024 | 6:01 pm
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NEUTRAL IMPACT
Schlumberger's stock may see short-term fluctuations due to the mixed analyst ratings and slight decrease in the average price target. However, its strong financial performance and market leadership position it well for resilience.
The mixed sentiments from analysts, with some maintaining and others lowering their price targets, could lead to short-term uncertainty among investors. However, the strong financial indicators such as revenue growth, net margin, and ROE suggest underlying strength. This contrast between analyst sentiment and company performance may result in neutral short-term price movement as investors weigh these factors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100