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Schlumberger (SLB) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

SLB Stock Forecast

Schlumberger stock forecast is as follows: an average price target of $60.40 (represents a 64.00% upside from SLB’s last price of $36.83) and a rating consensus of 'Buy', based on 19 wall street analysts offering a 1-year stock forecast.

SLB Price Target

The average price target for Schlumberger (SLB) is $60.40 based on 1-year price targets from 19 Wall Street analysts in the past 3 months, with a price target range of $80.00 to $42.00. This represents a potential 64.00% upside from SLB's last price of $36.83.

SLB Analyst Ratings

Buy

According to 19 Wall Street analysts, Schlumberger's rating consensus is 'Buy'. The analyst rating breakdown for SLB stock is 0 'Strong Buy' (0.00%), 18 'Buy' (94.74%), 1 'Hold' (5.26%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Schlumberger Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 21, 2024David AndersonBarclays$61.00$42.4343.77%65.63%
Oct 21, 2024Bascome MajorsSusquehanna$56.00$42.5331.66%52.05%
Oct 21, 2024Stephen GengaroStifel Nicolaus$60.00$42.5141.14%62.91%
Oct 21, 2024Scott GruberCitigroup$54.00$42.4927.07%46.62%
Oct 21, 2024James RollysonRaymond James$57.00$41.9235.97%54.77%
Oct 21, 2024Neil MehtaGoldman Sachs$52.00$41.9224.05%41.19%
Oct 02, 2024Lloyd ByrneJefferies$68.00$43.9454.76%84.63%
Sep 10, 2024Stewart GlickmanCFRA$42.00$39.376.69%14.04%
Jul 22, 2024Stephen GengaroStifel Nicolaus$65.00$49.6930.82%76.49%
Jul 22, 2024James WestEvercore ISI$74.00$49.3849.86%100.92%
Jul 15, 2024Mark MillerRBC Capital$80.00$23.37242.32%117.21%
Apr 03, 2024Keith MackeyRBC Capital$69.00$54.6826.19%87.35%
Dec 22, 2023Guillaume DelabySociete Generale$81.00$52.5854.05%119.93%
Oct 24, 2022Charles MinervinoSusquehanna$59.00$52.1513.14%60.20%
Oct 24, 2022Chase MulvehillBank of America Securities$55.00$52.155.47%49.33%
Oct 21, 2022Sam MargolinWolfe Research$51.00$50.411.17%38.47%
Oct 21, 2022James WestEvercore ISI$60.00$50.4119.02%62.91%
Jun 20, 2022David AndersonBarclays$59.00$36.6461.03%60.20%
Apr 29, 2022David AndersonBarclays$55.00$39.0140.99%49.33%
Apr 29, 2022James WestEvercore ISI$51.00$39.9127.77%38.47%
Apr 28, 2022Abhishek KumarHSBC$44.20$39.9510.64%20.01%
Apr 25, 2022Wells Fargo$55.00$41.6532.05%49.33%
Apr 14, 2022Ian MacphersonPiper Sandler$55.00$43.2527.17%49.33%
Apr 11, 2022Stephen GengaroStifel Nicolaus$50.00$41.3320.98%35.76%
Mar 30, 2022Neil MehtaGoldman Sachs$51.00$42.2120.82%38.47%
Mar 10, 2022Bascome MajorsSusquehanna$54.00$43.4024.42%46.62%
Jan 26, 2022Nick KonstantakisBNP Paribas$45.00$39.8013.07%22.18%
Jan 24, 2022Chase MulvehillBank of America Securities$44.00$36.4920.58%19.47%
Jan 24, 2022Connor LynaghMorgan Stanley$43.00$36.4917.84%16.75%
Jan 24, 2022Tommy MollStephens$45.00$36.4923.32%22.18%
Jan 24, 2022Phillip JungwirthBMO Capital$43.00$36.4917.84%16.75%
Jan 24, 2022Arun JayaramJ.P. Morgan$43.00$36.4917.84%16.75%
Oct 25, 2021David AndersonBarclays$48.00$34.1140.72%30.33%
Oct 14, 2021Baptiste LebacqOddo BHF$44.50$33.2833.71%20.83%
Aug 04, 2021Abhishek KumarHSBC$25.00$27.31-8.46%-32.12%
Jul 26, 2021Ian MacphersonPiper Sandler$31.00$29.126.46%-15.83%

The latest Schlumberger stock forecast, released on Oct 21, 2024 by David Anderson from Barclays, set a price target of $61.00, which represents a 43.77% increase from the stock price at the time of the forecast ($42.43), and a 65.63% increase from SLB last price ($36.83).

Schlumberger Price Target by Period

1M3M12M
# Anlaysts-713
Avg Price Target-$58.29$63.00
Last Closing Price$36.83$36.83$36.83
Upside/Downside-100.00%58.27%71.06%

In the current month, the average price target of Schlumberger stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Schlumberger's last price of $36.83. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 10, 2024ATB CapitalSector PerformDowngrade
Oct 21, 2024Evercore ISIOutperformOutperformHold
Oct 21, 2024SusquehannaPositivePositiveHold
Oct 21, 2024Cowen & Co.BuyBuyHold
Oct 21, 2024CitigroupBuyBuyHold
Oct 21, 2024Raymond JamesOutperformOutperformHold
Oct 21, 2024Dawson JamesOutperformOutperformHold
Oct 21, 2024Goldman SachsConviction BuyConviction BuyHold
Oct 18, 2024Morgan StanleyOverweightOverweightHold
Oct 18, 2024BMO CapitalOutperformOutperformHold
Oct 18, 2024BarclaysOverweightOverweightHold
Oct 02, 2024JefferiesBuyBuyHold
Sep 18, 2024DBS BankBuyInitialise
Sep 16, 2024SusquehannaUnderperformUnderperformHold
Sep 16, 2024UBSBuyBuyHold
Aug 20, 2024UBSBuyBuyHold
Aug 20, 2024SusquehannaUnderperformUnderperformHold
Jul 22, 2024Evercore ISIOutperformOutperformHold
Jul 22, 2024Cowen & Co.BuyBuyHold
Jul 22, 2024RBC CapitalOutperformOutperformHold
Jul 19, 2024CitigroupBuyBuyHold
Jul 15, 2024Piper SandlerOverweightOverweightHold
Jun 27, 2024CitigroupBuyBuyHold
Jun 25, 2024SusquehannaUnderperformUnderperformHold
Jun 25, 2024Wells FargoBuyBuyHold
Jun 25, 2024BenchmarkBuyBuyHold
Apr 29, 2024Wells FargoBuyBuyHold
Apr 29, 2024SusquehannaUnderperformUnderperformHold
Apr 03, 2024RBC CapitalOutperformOutperformHold
Apr 01, 2024Wells FargoBuyBuyHold
Apr 01, 2024SusquehannaUnderperformUnderperformHold
Apr 01, 2024Goldman SachsBuyBuyHold
Mar 04, 2024Wells FargoBuyBuyHold
Mar 04, 2024SusquehannaUnderperformUnderperformHold
Feb 08, 2024Wells FargoBuyBuyHold
Jan 22, 2024Wells FargoOutperformOutperformHold
Dec 22, 2023BarclaysOverweightOverweightHold
Sep 11, 2023Piper SandlerOverweightOverweightHold
Sep 07, 2023SusquehannaPositivePositiveHold
Jul 24, 2023SusquehannaPositivePositiveHold
Jul 24, 2023Raymond JamesOutperformOutperformHold
Apr 24, 2023Cowen & Co.OutperformOutperformHold
Apr 18, 2023UBSBuyUpgrade
Nov 18, 2022Piper SandlerOverweightOverweightHold
Oct 24, 2022CitigroupBuyBuyHold
Aug 05, 2022Cowen & Co.OutperformOutperformHold
Jul 27, 2022BenchmarkBuyUpgrade
Jul 25, 2022BarclaysOverweightOverweightHold
Jun 08, 2022BarclaysOverweightOverweightHold
Apr 29, 2022Evercore ISIBuyBuyHold
Apr 27, 2022BarclaysOverweightOverweightHold
Apr 27, 2022HSBCBuyUpgrade
Apr 25, 2022Exane BNP ParibasOutperformOutperformUpgrade
Apr 14, 2022Piper SandlerOverweightUpgrade
Mar 30, 2022Goldman SachsConviction BuyConviction BuyHold
Jan 26, 2022Exane BNP ParibasOutperformUpgrade

Schlumberger's last stock rating was published by ATB Capital on Dec 10, 2024. The company Downgrade its SLB rating from "null" to "Sector Perform".

Schlumberger Financial Forecast

Schlumberger Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue--------------------$8.99B$8.31B$8.10B$7.74B$7.88B$7.48B$6.77B$5.96B$6.22B$5.85B
Avg Forecast$10.10B$10.04B$9.99B$9.93B$10.03B$9.82B$9.62B$9.20B$10.38B$10.17B$9.99B$9.65B$9.97B$9.79B$9.59B$8.88B$9.22B$9.27B$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$10.76B$10.69B$10.63B$10.57B$10.68B$10.46B$10.24B$9.79B$11.05B$10.83B$10.63B$10.28B$10.61B$10.43B$10.21B$9.76B$9.30B$9.29B$9.08B$8.70B$8.99B$8.86B$8.74B$7.92B$8.32B$7.11B$6.28B$5.91B$6.09B$5.94B
Low Forecast$9.81B$9.76B$9.70B$9.64B$9.75B$9.54B$9.34B$8.93B$10.08B$9.88B$9.70B$9.38B$9.68B$9.51B$9.31B$8.42B$9.15B$9.24B$9.08B$8.70B$8.83B$8.08B$7.97B$7.23B$7.59B$7.11B$6.28B$5.91B$6.09B$5.94B
# Analysts434354545454434813777159991313131377
Surprise %--------------------1.00%1.00%0.99%1.04%1.01%1.05%1.08%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 $8.70B, and a high forecast of $8.70B. 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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts434354545454434813777159991313131377
EBITDA--------------------$1.66B$2.10B$1.98B$1.28B$2.02B$1.26B$1.28B$761.00M$1.42B$1.34B
Avg Forecast$44.96M$44.70M$44.44M$44.19M$44.66M$43.73M$42.80M$40.93M$46.19M$45.25M$44.44M$42.96M$44.36M$43.58M$42.67M$39.54M$41.03M$41.25M$40.39M$1.51B$39.89M$37.02M$36.52M$1.37B$1.48B$1.10B$970.36M$1.25B$940.75M$919.00M
High Forecast$47.87M$47.60M$47.32M$47.05M$47.55M$46.56M$45.58M$43.58M$49.19M$48.18M$47.32M$45.74M$47.24M$46.41M$45.43M$43.42M$41.38M$41.35M$40.39M$1.81B$40.02M$39.42M$38.88M$1.64B$1.77B$1.10B$970.36M$1.49B$940.75M$919.00M
Low Forecast$43.68M$43.43M$43.18M$42.93M$43.38M$42.48M$41.58M$39.76M$44.87M$43.96M$43.18M$41.73M$43.09M$42.34M$41.45M$37.49M$40.72M$41.15M$40.39M$1.21B$39.31M$35.96M$35.48M$1.10B$1.18B$1.10B$970.36M$996.07M$940.75M$919.00M
Surprise %--------------------41.71%56.81%54.25%0.93%1.37%1.14%1.31%0.61%1.50%1.46%

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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts434354545454434813777159991313131377
Net Income--------------------$1.11B$1.12B$1.03B$934.00M$1.06B$907.00M$959.00M$510.00M$611.00M$550.00M
Avg Forecast$1.83B$1.78B$1.71B$1.61B$1.62B$1.56B$1.50B$1.37B$1.58B$1.50B$1.43B$1.30B$1.41B$1.34B$1.25B$1.14B$1.29B$1.27B$1.18B$598.40M$1.20B$1.10B$1.01B$544.00M$627.20M$795.19M$576.46M$494.55M$561.28M$514.91M
High Forecast$1.98B$1.93B$1.85B$1.75B$1.76B$1.69B$1.63B$1.48B$1.71B$1.63B$1.55B$1.41B$1.53B$1.45B$1.36B$1.19B$1.35B$1.27B$1.18B$718.08M$1.21B$1.19B$1.10B$652.80M$752.64M$795.19M$576.46M$593.45M$561.28M$514.91M
Low Forecast$1.76B$1.71B$1.65B$1.55B$1.56B$1.50B$1.45B$1.32B$1.52B$1.45B$1.37B$1.25B$1.36B$1.29B$1.21B$1.10B$1.26B$1.26B$1.18B$478.72M$1.17B$1.06B$976.05M$435.20M$501.76M$795.19M$576.46M$395.64M$561.28M$514.91M
Surprise %--------------------0.93%1.02%1.02%1.72%1.70%1.14%1.66%1.03%1.09%1.07%

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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts434354545454434813777159991313131377
SG&A--------------------$96.00M$81.00M$96.00M$91.00M$99.00M$94.00M$86.00M$97.00M$108.00M$80.00M
Avg Forecast$139.43M$138.63M$137.84M$137.05M$138.50M$135.61M$132.75M$126.93M$143.26M$140.34M$137.84M$133.23M$137.58M$135.17M$132.33M$122.63M$127.25M$127.92M$125.27M$113.81M$123.72M$114.81M$113.25M$103.47M$112.71M$98.11M$86.64M$94.06M$84.00M$82.06M
High Forecast$148.47M$147.62M$146.77M$145.93M$147.48M$144.40M$141.36M$135.16M$152.55M$149.43M$146.77M$141.86M$146.50M$143.93M$140.90M$134.67M$128.35M$128.23M$125.27M$136.58M$124.13M$122.25M$120.60M$124.16M$135.25M$98.11M$86.64M$112.87M$84.00M$82.06M
Low Forecast$135.46M$134.68M$133.91M$133.14M$134.55M$131.75M$128.97M$123.31M$139.18M$136.33M$133.91M$129.43M$133.66M$131.32M$128.55M$116.28M$126.28M$127.62M$125.27M$91.05M$121.93M$111.54M$110.03M$82.77M$90.17M$98.11M$86.64M$75.25M$84.00M$82.06M
Surprise %--------------------0.78%0.71%0.85%0.88%0.88%0.96%0.99%1.03%1.29%0.97%

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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts434354545454434813777159991313131377
EPS---------------------$0.79$0.73$0.65$0.75$0.64$0.68$0.36$0.44$0.39
Avg Forecast$1.28$1.24$1.19$1.13$1.13$1.09$1.05$0.96$1.10$1.05$1.00$0.91$0.99$0.94$0.87$0.80$0.90$0.88$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$1.38$1.34$1.29$1.22$1.23$1.18$1.14$1.04$1.19$1.14$1.08$0.98$1.07$1.01$0.95$0.83$0.94$0.89$0.83$0.75$0.84$0.83$0.77$0.65$0.74$0.55$0.40$0.33$0.39$0.36
Low Forecast$1.23$1.19$1.15$1.08$1.09$1.05$1.01$0.92$1.06$1.01$0.96$0.87$0.95$0.90$0.84$0.77$0.88$0.88$0.83$0.75$0.82$0.74$0.68$0.58$0.66$0.55$0.40$0.33$0.39$0.36
Surprise %---------------------1.03%1.03%1.08%1.10%1.16%1.70%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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WFRDWeatherford$71.62$142.0098.27%Buy
TDWTidewater$52.54$96.0082.72%Buy
XPROExpro Group$11.09$18.0062.31%Buy
HALHalliburton Company$27.19$43.6360.46%Buy
SLBSchlumberger$38.93$60.4055.15%Buy
NOVNOV$14.56$22.0051.10%Buy
VALValaris$43.09$62.0043.88%Buy
CHXChampionX$27.54$38.3339.18%Buy
DNOWNOW$13.80$18.0030.43%
FTITechnipFMC$29.96$34.5015.15%Buy
TSTenaris$38.13$42.0010.15%Buy
BKRBaker Hughes Company$41.41$44.507.46%Buy
WHDCactus$61.48$54.00-12.17%Hold
OIIOceaneering$25.29$21.00-16.96%Buy

SLB Forecast FAQ

Is Schlumberger a good buy?

Yes, according to 19 Wall Street analysts, Schlumberger (SLB) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 18 'Buy' recommendations, accounting for 94.74% of SLB's total ratings.

What is SLB's price target?

Schlumberger (SLB) average price target is $60.4 with a range of $42 to $80, implying a 64.00% from its last price of $36.83. The data is based on 19 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 64.00% (from the last price of $36.83 to the average price target of $60.4), up by 117.21% based on the highest stock price target, and up by 14.04% based on the lowest stock price target.

Can Schlumberger stock reach $60?

SLB's average twelve months analyst stock price target of $60.4 supports the claim that Schlumberger can reach $60 in the near future.

What are Schlumberger's analysts' financial forecasts?

Schlumberger's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $38.67B (high $41.18B, low $37.57B), average EBITDA is $172.11M (high $183.27M, low $167.2M), average net income is $6.05B (high $6.56B, low $5.83B), average SG&A $533.79M (high $568.4M, low $518.57M), and average EPS is $4.23 (high $4.58, low $4.07). SLB's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $40.06B (high $42.65B, low $38.92B), average EBITDA is $178.29M (high $189.85M, low $173.21M), average net income is $6.92B (high $7.51B, low $6.67B), average SG&A $552.95M (high $588.8M, low $537.19M), and average EPS is $4.84 (high $5.24, low $4.66).

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 $1.48B by 411.72%. The company's net income was $4.2B, beating the average estimation of $3.85B by 9.17%. 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 $39.89M by 4071.30%. Schlumberger's net income was $1.11B, missing the average estimation of $1.2B by -7.01%. 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%