Schlumberger (SLB) Stock Forecast, Price Target & Predictions
SLB Stock Forecast
Schlumberger stock forecast is as follows: an average price target of $58.67 (represents a 45.22% upside from SLB’s last price of $40.40) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.
SLB Price Target
The average price target for Schlumberger (SLB) is $58.67 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $160.00 to $42.00. This represents a potential 45.22% upside from SLB's last price of $40.40.
SLB Analyst Ratings
According to 13 Wall Street analysts, Schlumberger's rating consensus is 'Buy'. The analyst rating breakdown for SLB stock is 0 'Strong Buy' (0.00%), 13 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Schlumberger Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 10, 2024 | Stewart Glickman | CFRA | $42.00 | $39.37 | 6.69% | 3.96% |
| Jul 22, 2024 | Stephen Gengaro | Stifel Nicolaus | $65.00 | $49.69 | 30.82% | 60.89% |
| Jul 22, 2024 | James West | Evercore ISI | $74.00 | $49.38 | 49.86% | 83.17% |
| Jul 15, 2024 | Mark Miller | RBC Capital | $160.00 | $46.74 | 242.32% | 296.04% |
| Apr 03, 2024 | Keith Mackey | RBC Capital | $69.00 | $54.68 | 26.19% | 70.79% |
| Dec 22, 2023 | Guillaume Delaby | Societe Generale | $81.00 | $52.58 | 54.05% | 100.50% |
| Oct 24, 2022 | Charles Minervino | Susquehanna | $59.00 | $52.15 | 13.14% | 46.04% |
| Oct 24, 2022 | Chase Mulvehill | Bank of America Securities | $55.00 | $52.15 | 5.47% | 36.14% |
| Oct 21, 2022 | Sam Margolin | Wolfe Research | $51.00 | $50.41 | 1.17% | 26.24% |
| Oct 21, 2022 | James West | Evercore ISI | $60.00 | $50.41 | 19.02% | 48.51% |
The latest Schlumberger stock forecast, released on Sep 10, 2024 by Stewart Glickman from CFRA, set a price target of $42.00, which represents a 6.69% increase from the stock price at the time of the forecast ($39.37), and a 3.96% increase from SLB last price ($40.40).
Schlumberger Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 4 | 6 |
| Avg Price Target | $42.00 | $85.25 | $81.83 |
| Last Closing Price | $40.40 | $40.40 | $40.40 |
| Upside/Downside | 3.96% | 111.01% | 102.55% |
In the current month, the average price target of Schlumberger stock is $42.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 3.96% increase as opposed to Schlumberger's last price of $40.40. This month's average price target is down -50.73% compared to last quarter, and down -48.67% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | UBS | Buy | Buy | Hold |
| Sep 16, 2024 | Susquehanna | Underperform | Underperform | Hold |
| Aug 20, 2024 | UBS | Buy | Buy | Hold |
| Aug 20, 2024 | Susquehanna | Underperform | Underperform | Hold |
| Jul 22, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Jul 22, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jul 22, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jul 19, 2024 | Citigroup | Buy | Buy | Hold |
| Jul 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Jun 27, 2024 | Citigroup | Buy | Buy | Hold |
Schlumberger's last stock rating was published by UBS on Sep 16, 2024. The company gave SLB a "Buy" rating, the same as its previous rate.
Schlumberger Financial Forecast
Schlumberger Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.99B | $8.31B | $8.10B | $7.74B | $7.88B | $7.48B | - | $5.96B | $6.22B | $5.85B |
| Avg Forecast | $10.15B | $10.09B | $10.03B | $9.97B | $9.91B | $9.86B | $9.80B | $9.75B | $11.80B | $11.40B | $11.16B | $10.76B | $11.09B | $10.66B | $10.35B | $9.82B | $9.70B | $9.31B | $9.08B | $8.70B | $8.96B | $8.32B | $8.20B | $7.44B | $7.81B | $7.11B | $6.28B | $5.91B | $6.09B | $5.94B |
| High Forecast | $10.40B | $10.34B | $10.28B | $10.23B | $10.17B | $10.11B | $10.05B | $9.99B | $12.10B | $11.69B | $11.44B | $11.03B | $11.37B | $10.93B | $10.61B | $10.07B | $9.94B | $9.41B | $9.31B | $8.92B | $8.99B | $8.53B | $8.41B | $7.63B | $8.01B | $7.29B | $6.28B | $6.00B | $6.17B | $6.03B |
| Low Forecast | $10.07B | $10.01B | $9.96B | $9.90B | $9.84B | $9.79B | $9.73B | $9.67B | $11.71B | $11.32B | $11.08B | $10.68B | $11.01B | $10.58B | $10.27B | $9.75B | $9.63B | $9.26B | $9.01B | $8.63B | $8.83B | $8.26B | $8.14B | $7.39B | $7.75B | $7.05B | $6.28B | $5.78B | $5.95B | $5.81B |
| # Analysts | 6 | 10 | 6 | 12 | 13 | 7 | 7 | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 7 | 15 | 9 | 9 | 9 | 13 | 13 | 6 | 6 | 7 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | 0.99% | 1.04% | 1.01% | 1.05% | - | 1.01% | 1.02% | 0.98% |
Schlumberger's average Quarter revenue forecast for Mar 24 based on 7 analysts is $8.70B, with a low forecast of $8.63B, and a high forecast of $8.92B. SLB's average Quarter revenue forecast represents a -3.27% decrease compared to the company's last Quarter revenue of $8.99B (Dec 23).
Schlumberger EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 10 | 6 | 12 | 13 | 7 | 7 | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 7 | 15 | 9 | 9 | 9 | 13 | 13 | 6 | 6 | 7 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.66B | $2.10B | $1.98B | $1.28B | $2.02B | $1.26B | - | $761.00M | $1.42B | $1.34B |
| Avg Forecast | $1.57B | $1.56B | $1.55B | $1.54B | $1.53B | $1.52B | $1.52B | $1.51B | $1.82B | $1.76B | $1.72B | $1.66B | $1.71B | $1.65B | $1.60B | $1.52B | $1.50B | $1.44B | $1.40B | $1.51B | $1.39B | $1.29B | $1.27B | $1.37B | $1.21B | $1.47B | $970.36M | $1.25B | $1.34B | $1.34B |
| High Forecast | $1.61B | $1.60B | $1.59B | $1.58B | $1.57B | $1.56B | $1.55B | $1.54B | $1.87B | $1.81B | $1.77B | $1.71B | $1.76B | $1.69B | $1.64B | $1.56B | $1.54B | $1.46B | $1.44B | $1.81B | $1.39B | $1.32B | $1.30B | $1.64B | $1.24B | $1.77B | $970.36M | $1.49B | $1.61B | $1.61B |
| Low Forecast | $1.56B | $1.55B | $1.54B | $1.53B | $1.52B | $1.51B | $1.50B | $1.50B | $1.81B | $1.75B | $1.71B | $1.65B | $1.70B | $1.64B | $1.59B | $1.51B | $1.49B | $1.43B | $1.39B | $1.21B | $1.37B | $1.28B | $1.26B | $1.10B | $1.20B | $1.18B | $970.36M | $996.07M | $1.07B | $1.07B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.64% | 1.56% | 0.93% | 1.67% | 0.85% | - | 0.61% | 1.05% | 1.00% |
7 analysts predict SLB's average Quarter EBITDA for Mar 24 to be $1.51B, with a high of $1.81B and a low of $1.21B. This is -9.46% lower than Schlumberger's previous annual EBITDA (Dec 23) of $1.66B.
Schlumberger Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 10 | 6 | 12 | 13 | 7 | 7 | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 7 | 15 | 9 | 9 | 9 | 13 | 13 | 6 | 6 | 7 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.11B | $1.12B | $1.03B | $934.00M | $1.06B | $907.00M | - | $510.00M | $611.00M | $550.00M |
| Avg Forecast | $1.98B | $1.93B | $1.86B | $1.76B | $1.85B | $1.80B | $1.73B | $1.62B | $1.83B | $1.72B | $1.65B | $1.52B | $1.66B | $1.54B | $1.43B | $1.27B | $1.44B | $1.29B | $1.19B | $598.40M | $1.20B | $1.11B | $1.02B | $544.00M | $984.60M | $605.00M | $578.06M | $494.55M | $570.18M | $550.00M |
| High Forecast | $2.05B | $2.00B | $1.92B | $1.82B | $1.91B | $1.86B | $1.79B | $1.68B | $1.90B | $1.78B | $1.70B | $1.57B | $1.72B | $1.59B | $1.48B | $1.31B | $1.49B | $1.32B | $1.23B | $718.08M | $1.22B | $1.14B | $1.06B | $652.80M | $1.02B | $726.00M | $578.06M | $593.45M | $684.22M | $660.00M |
| Low Forecast | $1.97B | $1.91B | $1.84B | $1.74B | $1.83B | $1.78B | $1.72B | $1.61B | $1.82B | $1.71B | $1.63B | $1.51B | $1.65B | $1.52B | $1.42B | $1.25B | $1.43B | $1.26B | $1.18B | $478.72M | $1.18B | $1.09B | $1.01B | $435.20M | $975.21M | $484.00M | $578.06M | $395.64M | $456.14M | $440.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.02% | 1.01% | 1.72% | 1.08% | 1.50% | - | 1.03% | 1.07% | 1.00% |
Schlumberger's average Quarter net income forecast for Mar 24 is $598.40M, with a range of $478.72M to $718.08M. SLB's average Quarter net income forecast represents a -46.19% decrease compared to the company's last Quarter net income of $1.11B (Dec 23).
Schlumberger SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 10 | 6 | 12 | 13 | 7 | 7 | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 7 | 15 | 9 | 9 | 9 | 13 | 13 | 6 | 6 | 7 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $96.00M | $81.00M | $96.00M | $91.00M | $99.00M | $94.00M | - | $97.00M | $108.00M | $80.00M |
| Avg Forecast | $140.06M | $139.25M | $138.45M | $137.66M | $136.87M | $136.08M | $135.30M | $134.52M | $162.84M | $157.35M | $154.02M | $148.55M | $153.10M | $147.14M | $142.88M | $135.58M | $133.86M | $128.54M | $125.27M | $113.81M | $123.72M | $114.81M | $113.25M | $103.47M | $107.83M | $88.00M | $86.64M | $94.06M | $102.46M | $80.00M |
| High Forecast | $143.61M | $142.78M | $141.96M | $141.15M | $140.34M | $139.53M | $138.73M | $137.93M | $166.97M | $161.34M | $157.93M | $152.32M | $156.98M | $150.87M | $146.51M | $139.02M | $137.25M | $129.92M | $128.45M | $136.58M | $124.13M | $117.72M | $116.13M | $124.16M | $110.57M | $105.60M | $86.64M | $112.87M | $122.95M | $96.00M |
| Low Forecast | $139.03M | $138.23M | $137.44M | $136.65M | $135.86M | $135.08M | $134.31M | $133.54M | $161.65M | $156.20M | $152.89M | $147.46M | $151.97M | $146.06M | $141.84M | $134.58M | $132.88M | $127.85M | $124.35M | $91.05M | $121.93M | $113.97M | $112.42M | $82.77M | $107.04M | $70.40M | $86.64M | $75.25M | $81.97M | $64.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | 0.71% | 0.85% | 0.88% | 0.92% | 1.07% | - | 1.03% | 1.05% | 1.00% |
Schlumberger's average Quarter SG&A projection for Mar 24 is $113.81M, based on 7 Wall Street analysts, with a range of $91.05M to $136.58M. The forecast indicates a 18.56% rise compared to SLB last annual SG&A of $96.00M (Dec 23).
Schlumberger EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 10 | 6 | 12 | 13 | 7 | 7 | 9 | 9 | 7 | 11 | 7 | 6 | 12 | 6 | 6 | 7 | 14 | 7 | 7 | 15 | 9 | 9 | 9 | 13 | 13 | 6 | 6 | 7 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.79 | $0.73 | $0.65 | $0.75 | $0.64 | - | $0.36 | $0.44 | $0.39 |
| Avg Forecast | $1.38 | $1.34 | $1.29 | $1.22 | $1.28 | $1.25 | $1.20 | $1.12 | $1.27 | $1.19 | $1.14 | $1.05 | $1.15 | $1.07 | $0.99 | $0.88 | $1.00 | $0.90 | $0.83 | $0.75 | $0.84 | $0.77 | $0.71 | $0.60 | $0.68 | $0.55 | $0.40 | $0.33 | $0.39 | $0.36 |
| High Forecast | $1.42 | $1.38 | $1.33 | $1.26 | $1.32 | $1.29 | $1.24 | $1.16 | $1.31 | $1.23 | $1.18 | $1.09 | $1.19 | $1.10 | $1.02 | $0.91 | $1.03 | $0.92 | $0.85 | $0.77 | $0.84 | $0.79 | $0.73 | $0.62 | $0.70 | $0.57 | $0.40 | $0.34 | $0.40 | $0.36 |
| Low Forecast | $1.36 | $1.33 | $1.27 | $1.21 | $1.27 | $1.24 | $1.19 | $1.11 | $1.26 | $1.18 | $1.13 | $1.04 | $1.14 | $1.06 | $0.98 | $0.87 | $0.99 | $0.88 | $0.82 | $0.74 | $0.82 | $0.76 | $0.70 | $0.60 | $0.68 | $0.55 | $0.40 | $0.32 | $0.38 | $0.35 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.03% | 1.08% | 1.10% | 1.16% | - | 1.08% | 1.13% | 1.10% |
According to 15 Wall Street analysts, Schlumberger's projected average Quarter EPS for Dec 23 is $0.84, with a low estimate of $0.82 and a high estimate of $0.84. This represents a 5.70% increase compared to SLB previous annual EPS of $0.79 (Sep 23).
Schlumberger Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| VAL | Valaris | $55.26 | $98.00 | 77.34% | Buy |
| WFRD | Weatherford | $92.69 | $164.00 | 76.93% | Buy |
| TDW | Tidewater | $73.95 | $124.00 | 67.68% | Strong Buy |
| XPRO | Expro Group | $17.36 | $26.67 | 53.63% | Buy |
| TS | Tenaris | $28.72 | $42.00 | 46.24% | Buy |
| SLB | Schlumberger | $40.40 | $58.67 | 45.22% | Buy |
| DNOW | NOW | $12.50 | $18.00 | 44.00% | - |
| HAL | Halliburton Company | $28.41 | $38.46 | 35.37% | Buy |
| CHX | ChampionX | $29.06 | $38.33 | 31.90% | Buy |
| NEX | NexTier Oilfield Solutions | $10.61 | $13.50 | 27.24% | Hold |
| NOV | NOV | $16.07 | $19.50 | 21.34% | Buy |
| BKR | Baker Hughes Company | $33.98 | $36.95 | 8.74% | Buy |
| WHD | Cactus | $58.55 | $54.00 | -7.77% | Hold |
| OII | Oceaneering | $23.95 | $21.00 | -12.32% | Buy |
| FTI | TechnipFMC | $24.96 | $20.88 | -16.35% | Buy |
SLB Forecast FAQ
Is Schlumberger a good buy?
Yes, according to 13 Wall Street analysts, Schlumberger (SLB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 100.00% of SLB's total ratings.
What is SLB's price target?
Schlumberger (SLB) average price target is $58.67 with a range of $42 to $160, implying a 45.22% from its last price of $40.4. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Schlumberger stock go up soon?
According to Wall Street analysts' prediction for SLB stock, the company can go up by 45.22% (from the last price of $40.4 to the average price target of $58.67), up by 296.04% based on the highest stock price target, and up by 3.96% based on the lowest stock price target.
Can Schlumberger stock reach $60?
SLB's highest twelve months analyst stock price target of $160 supports the claim that Schlumberger can reach $60 in the near future.
What is Schlumberger's current price target trend?
1 Wall Street analyst forecast a $42 price target for Schlumberger (SLB) this month, up 3.96% from its last price of $40.4. Compared to the last 3 and 12 months, the average price target increased by 111.01% and increased by 102.55%, respectively.
What are Schlumberger's analysts' financial forecasts?
Schlumberger's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $39.32B (high $40.32B, low $39.03B), average EBITDA is $6.08B (high $6.23B, low $6.03B), average net income is $7B (high $7.23B, low $6.94B), average SG&A $542.77M (high $556.54M, low $538.79M), and average EPS is $4.85 (high $5.01, low $4.81). SLB's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $40.24B (high $41.26B, low $39.94B), average EBITDA is $6.22B (high $6.38B, low $6.17B), average net income is $7.53B (high $7.78B, low $7.46B), average SG&A $555.42M (high $569.5M, low $551.34M), and average EPS is $5.22 (high $5.39, low $5.17).
Did the SLB's actual financial results beat the analysts' financial forecasts?
Based on Schlumberger's last annual report (Dec 2023), the company's revenue was $33.14B, beating the average analysts forecast of $32.92B by 0.64%. Apple's EBITDA was $7.59B, beating the average prediction of $5.31B by 42.93%. The company's net income was $4.2B, beating the average estimation of $3.88B by 8.45%. Apple's SG&A was $364M, missing the average forecast of $455.25M by -20.04%. Lastly, the company's EPS was $2.95, beating the average prediction of $2.91 by 1.35%. In terms of the last quarterly report (Dec 2023), Schlumberger's revenue was $8.99B, beating the average analysts' forecast of $8.96B by 0.31%. The company's EBITDA was $1.66B, beating the average prediction of $1.39B by 20.09%. Schlumberger's net income was $1.11B, missing the average estimation of $1.2B by -7.72%. The company's SG&A was $96M, missing the average forecast of $123.72M by -22.41%. Lastly, the company's EPS was $0, missing the average prediction of $0.835 by -100.00%