Schlumberger (SLB) Stock Forecast, Price Target & Predictions
SLB Stock Forecast
Schlumberger stock forecast is as follows: an average price target of $58.58 (represents a 35.92% upside from SLB’s last price of $43.10) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.
SLB Price Target
The average price target for Schlumberger (SLB) is $58.58 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $160.00 to $42.00. This represents a potential 35.92% upside from SLB's last price of $43.10.
SLB Analyst Ratings
According to 18 Wall Street analysts, Schlumberger's rating consensus is 'Buy'. The analyst rating breakdown for SLB stock is 0 'Strong Buy' (0.00%), 18 '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 |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | David Anderson | Barclays | $61.00 | $42.43 | 43.77% | 41.53% |
| Oct 21, 2024 | Bascome Majors | Susquehanna | $56.00 | $42.53 | 31.66% | 29.93% |
| Oct 21, 2024 | Stephen Gengaro | Stifel Nicolaus | $60.00 | $42.51 | 41.14% | 39.21% |
| Oct 21, 2024 | Scott Gruber | Citigroup | $54.00 | $42.49 | 27.07% | 25.29% |
| Oct 21, 2024 | James Rollyson | Raymond James | $57.00 | $41.92 | 35.97% | 32.25% |
| Oct 21, 2024 | Neil Mehta | Goldman Sachs | $52.00 | $41.92 | 24.05% | 20.65% |
| Oct 02, 2024 | Lloyd Byrne | Jefferies | $68.00 | $43.94 | 54.76% | 57.77% |
| Sep 10, 2024 | Stewart Glickman | CFRA | $42.00 | $39.37 | 6.69% | -2.55% |
| Jul 22, 2024 | Stephen Gengaro | Stifel Nicolaus | $65.00 | $49.69 | 30.82% | 50.81% |
| Jul 22, 2024 | James West | Evercore ISI | $74.00 | $49.38 | 49.86% | 71.69% |
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 41.53% increase from SLB last price ($43.10).
Schlumberger Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 6 | 8 | 13 |
| Avg Price Target | $56.67 | $56.25 | $69.15 |
| Last Closing Price | $43.10 | $43.10 | $43.10 |
| Upside/Downside | 31.48% | 30.51% | 60.44% |
In the current month, the average price target of Schlumberger stock is $56.67, according to 6 Wall Street analysts offering twelve months forecast. The average price target represents a 31.48% increase as opposed to Schlumberger's last price of $43.10. This month's average price target is up 0.75% compared to last quarter, and down -18.05% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Oct 21, 2024 | Susquehanna | Positive | Positive | Hold |
| Oct 21, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Oct 21, 2024 | Citigroup | Buy | Buy | Hold |
| Oct 21, 2024 | Dawson James | Outperform | Outperform | Hold |
| Oct 21, 2024 | Raymond James | Outperform | Outperform | Hold |
| Oct 21, 2024 | Goldman Sachs | Conviction Buy | Conviction Buy | Hold |
| Oct 18, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Oct 18, 2024 | Barclays | Overweight | Overweight | Hold |
| Oct 18, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
Schlumberger's last stock rating was published by Evercore ISI on Oct 21, 2024. The company gave SLB a "Outperform" 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 | Jun 22 | Mar 22 | Dec 21 | Sep 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 | $9.87B | $9.81B | $9.76B | $9.70B | $10.57B | $10.35B | $10.20B | $9.84B | $10.00B | $9.84B | $9.64B | $8.90B | $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 | $10.73B | $10.67B | $10.60B | $10.54B | $10.48B | $10.42B | $10.36B | $10.30B | $11.23B | $10.99B | $10.83B | $10.45B | $10.62B | $10.45B | $10.24B | $9.78B | $9.68B | $9.29B | $9.08B | $8.70B | $8.99B | $8.83B | $8.71B | $7.90B | $8.30B | $7.11B | $6.28B | $5.91B | $6.09B | $5.94B |
| Low Forecast | $9.84B | $9.79B | $9.73B | $9.68B | $9.62B | $9.57B | $9.51B | $9.46B | $10.30B | $10.09B | $9.94B | $9.59B | $9.75B | $9.59B | $9.39B | $8.44B | $9.10B | $9.24B | $9.08B | $8.70B | $8.83B | $8.11B | $8.00B | $7.25B | $7.61B | $7.11B | $6.28B | $5.91B | $6.09B | $5.94B |
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 13 | 7 | 7 | 7 | 15 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 |
| 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 13 | 7 | 7 | 7 | 15 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.66B | $2.10B | $1.98B | $1.28B | $2.02B | $1.26B | $1.28B | $761.00M | $1.42B | $1.34B |
| Avg Forecast | $27.52M | $27.36M | $27.21M | $27.05M | $26.89M | $26.74M | $26.59M | $26.43M | $28.80M | $28.20M | $27.78M | $26.81M | $27.26M | $26.80M | $26.26M | $24.26M | $25.12M | $25.25M | $24.73M | $1.51B | $24.42M | $22.66M | $22.35M | $1.37B | $1.48B | $1.10B | $970.36M | $1.25B | $940.75M | $919.00M |
| High Forecast | $29.23M | $29.06M | $28.89M | $28.73M | $28.56M | $28.40M | $28.24M | $28.07M | $30.59M | $29.95M | $29.51M | $28.47M | $28.95M | $28.47M | $27.89M | $26.64M | $26.37M | $25.31M | $24.73M | $1.81B | $24.50M | $24.07M | $23.74M | $1.64B | $1.77B | $1.10B | $970.36M | $1.49B | $940.75M | $919.00M |
| Low Forecast | $26.82M | $26.67M | $26.52M | $26.36M | $26.21M | $26.06M | $25.91M | $25.76M | $28.07M | $27.48M | $27.08M | $26.13M | $26.56M | $26.12M | $25.59M | $23.00M | $24.80M | $25.19M | $24.73M | $1.21B | $24.07M | $22.09M | $21.79M | $1.10B | $1.18B | $1.10B | $970.36M | $996.07M | $940.75M | $919.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 68.14% | 92.80% | 88.62% | 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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 13 | 7 | 7 | 7 | 15 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 |
| 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 | $1.69B | $1.65B | $1.59B | $1.49B | $1.59B | $1.51B | $1.44B | $1.32B | $1.42B | $1.35B | $1.26B | $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 | $1.97B | $1.92B | $1.85B | $1.74B | $1.83B | $1.78B | $1.72B | $1.61B | $1.72B | $1.63B | $1.55B | $1.43B | $1.53B | $1.46B | $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 | $1.77B | $1.72B | $1.65B | $1.56B | $1.64B | $1.59B | $1.54B | $1.44B | $1.54B | $1.46B | $1.39B | $1.28B | $1.37B | $1.30B | $1.22B | $1.10B | $1.27B | $1.26B | $1.18B | $478.72M | $1.17B | $1.06B | $980.18M | $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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 13 | 7 | 7 | 7 | 15 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 |
| 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 | $136.26M | $135.48M | $134.70M | $133.93M | $145.91M | $142.87M | $140.77M | $135.81M | $138.09M | $135.80M | $133.03M | $122.91M | $127.28M | $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 | $148.08M | $147.23M | $146.39M | $145.55M | $144.71M | $143.88M | $143.06M | $142.23M | $154.96M | $151.74M | $149.50M | $144.23M | $146.66M | $144.22M | $141.29M | $134.97M | $133.61M | $128.23M | $125.27M | $136.58M | $124.13M | $121.93M | $120.28M | $124.16M | $135.25M | $98.11M | $86.64M | $112.87M | $84.00M | $82.06M |
| Low Forecast | $135.90M | $135.11M | $134.34M | $133.57M | $132.80M | $132.04M | $131.28M | $130.53M | $142.21M | $139.25M | $137.20M | $132.36M | $134.59M | $132.35M | $129.66M | $116.54M | $125.63M | $127.62M | $125.27M | $91.05M | $121.93M | $111.90M | $110.38M | $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 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 3 | 4 | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 13 | 7 | 7 | 7 | 15 | 9 | 9 | 9 | 13 | 13 | 13 | 13 | 7 | 7 |
| 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 | $1.18 | $1.15 | $1.11 | $1.04 | $1.11 | $1.06 | $1.00 | $0.92 | $0.99 | $0.94 | $0.88 | $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 | $1.28 | $1.24 | $1.20 | $1.12 | $1.20 | $1.14 | $1.09 | $1.00 | $1.07 | $1.02 | $0.95 | $0.83 | $0.94 | $0.89 | $0.83 | $0.75 | $0.84 | $0.83 | $0.76 | $0.65 | $0.74 | $0.55 | $0.40 | $0.33 | $0.39 | $0.36 |
| Low Forecast | $1.23 | $1.20 | $1.15 | $1.09 | $1.14 | $1.11 | $1.07 | $1.01 | $1.07 | $1.02 | $0.97 | $0.89 | $0.96 | $0.91 | $0.85 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| WFRD | Weatherford | $82.32 | $156.67 | 90.32% | Buy |
| TDW | Tidewater | $50.68 | $96.00 | 89.42% | Buy |
| XPRO | Expro Group | $12.82 | $23.33 | 81.98% | Buy |
| VAL | Valaris | $46.41 | $80.00 | 72.38% | Buy |
| SLB | Schlumberger | $43.10 | $58.58 | 35.92% | Buy |
| NOV | NOV | $15.99 | $20.67 | 29.27% | Buy |
| HAL | Halliburton Company | $30.47 | $39.07 | 28.22% | Buy |
| NEX | NexTier Oilfield Solutions | $10.61 | $13.50 | 27.24% | Hold |
| CHX | ChampionX | $30.53 | $38.33 | 25.55% | Buy |
| DNOW | NOW | $14.36 | $18.00 | 25.35% | - |
| TS | Tenaris | $36.82 | $41.67 | 13.17% | Buy |
| FTI | TechnipFMC | $28.77 | $27.53 | -4.31% | Buy |
| BKR | Baker Hughes Company | $42.87 | $39.39 | -8.12% | Buy |
| WHD | Cactus | $65.22 | $54.00 | -17.20% | Hold |
| OII | Oceaneering | $27.47 | $21.00 | -23.55% | Buy |