What is the stock price forecast for Schlumberger in 2024? (2024)

What is the stock price forecast for Schlumberger in 2024?

Schlumberger Stock Price Forecast 2024-2025

What is the share price forecast for Schlumberger in 2025?

On average, Wall Street analysts predict that Schlumberger Limited's share price could reach $70.13 by Apr 8, 2025. The average Schlumberger Limited stock price prediction forecasts a potential upside of 29.38% from the current SLB share price of $54.20. What is SLB's forecast return on equity (ROE) for 2024-2026?

What is the stock market prediction for SLB in 2024?

According to our current SLB stock forecast, the value of Schlumberger NV shares will rise by 0.01% and reach $ 49.83 per share by April 25, 2024.

How high will SLB stock go?

Share price forecast in USD

The 29 analysts offering 12 month price targets for Schlumberger NV have a median target of 68.00, with a high estimate of 81.00 and a low estimate of 57.00. The median estimate represents a 30.77% increase from the last price of 52.00.

What is the 5 year forecast for SLB?

Schlumberger Ltd. quote is equal to 51.410 USD at 2024-04-16. Based on our forecasts, a long-term increase is expected, the "SLB" stock price prognosis for 2029-04-11 is 104.387 USD. With a 5-year investment, the revenue is expected to be around +103.05%.

Is Schlumberger a buy sell or hold?

Schlumberger Limited has 22.24% upside potential, based on the analysts' average price target. Is SLB a Buy, Sell or Hold? Schlumberger Limited has a conensus rating of Strong Buy which is based on 9 buy ratings, 1 hold ratings and 0 sell ratings.

Is SLB stock a buy or sell?

Schlumberger stock has received a consensus rating of buy.

Is SLB a strong buy?

Schlumberger currently has an average brokerage recommendation (ABR) of 1.13, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 20 brokerage firms. An ABR of 1.13 approximates between Strong Buy and Buy.

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How often does SLB pay dividends?

SLB's quarterly dividend announcement is included in its quarterly results press releases.

Why is SLB a good stock to buy?

Valuation metrics show that Schlumberger Limited may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of SLB, demonstrate its potential to outperform the market. It currently has a Growth Score of A.

Is Schlumberger profitable?

Schlumberger annual net income for 2023 was $4.203B, a 22.14% increase from 2022. Schlumberger annual net income for 2022 was $3.441B, a 82.93% increase from 2021. Schlumberger annual net income for 2021 was $1.881B, a 117.88% decline from 2020.

Did Schlumberger stock split?

Schlumberger stock (symbol: SLB) underwent a total of 2 stock splits.

Does SLB pay monthly dividends?

Schlumberger Limited ( SLB ) pays dividends on a quarterly basis. Schlumberger Limited ( SLB ) has increased its dividends for 3 consecutive years. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.

Is SLB undervalued?

Share Price vs Fair Value

For this estimate we use a Discounted Cash Flow model. Significantly Below Fair Value: SLB is trading below fair value by more than 20%.

What is analyst forecast for SLB?

Average Price Target

Based on 12 Wall Street analysts offering 12 month price targets for Columbia Banking System in the last 3 months. The average price target is $22.38 with a high forecast of $29.00 and a low forecast of $20.00. The average price target represents a 23.68% change from the last price of $18.10.

Who owns Schlumberger stock?

Schlumberger is not owned by hedge funds. Our data shows that The Vanguard Group, Inc. is the largest shareholder with 8.5% of shares outstanding. With 7.9% and 6.5% of the shares outstanding respectively, BlackRock, Inc. and State Street Global Advisors, Inc.

Is Schlumberger a good company?

Schlumberger is a great place to work not only because it has an amazing culture and environment, but also the people shape the company culture rather than by management. Employees are encouraged to climb higher and get promoted at the company.

How much did Liberty buy Schlumberger for?

Liberty Oilfield Services Inc. on Monday closed on its purchase of a competitor in a $448 million deal that makes the company the third-largest North American hydraulic fracturing business. Denver-based Liberty Oilfield (NYSE: LBRT) acquired the OneStim division of Houston-based oilfield giant Schlumberger Ltd.

Why is Schlumberger stock rising?

Summary. Schlumberger is well-positioned for the next oil megatrend with offshore and deepwater production driving growth. SLB generated exceptionally strong free cash flow growth in FY23; I anticipate growth to continue in eFY24, driven by offshore, new energy, and digital technology.

Why did Schlumberger change its name to SLB?

Schlumberger, the world's largest oilfield services provider, is rebranding itself as a technology company and changing its name to SLB, emphasizing its focus on “driving energy innovation for a balanced planet”. Schlumberger has over 100-year-old history, the brand was originally named after its founders' family name.

Is SLB a Fortune 500 company?

Schlumberger - SLB - Fortune Global 500 Top Companies.

What companies did Schlumberger buy?

Is SLB the same as Schlumberger?

Schlumberger NV (French: [ʃlumbɛʁʒe, ʃlœ̃b-]), doing business as SLB, also known as Schlumberger Limited, is an American oilfield services company. As of 2022, it is both the world's largest offshore drilling company and the world's largest offshore drilling contractor by revenue.

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