Yahoo Finance What’s Wall Street Saying about Schlumberger after Q1 Earnings?
After Schlumberger's Lower Earnings, What's on the Horizon?
Wall Street’s forecasts for Schlumberger
In this article, we’ll look at Wall Street analysts’ forecasts for Schlumberger (SLB) shares following its fiscal 1Q16 earnings release.
Consensus rating for Schlumberger
Approximately 79% of analysts tracking Schlumberger rate it a “buy” or some equivalent. Approximately 14% rate the company a “hold” or equivalent. Only 7% of analysts recommend a “sell.” Schlumberger is 7.1% of the ProShares Ultra Oil & Gas (DIG).
In contrast, approximately 27% of analysts tracking C&J Energy Services (CJES) rate it a “buy” or some equivalent, and approximately 64% have rated it a “hold” while 9% rate it a “sell.”
Analysts’ recommendations for SLB
When it comes to individual recommendations, RBC Capital Markets, part of the Royal Bank of Canada, gave Schlumberger a target price of $95—one of its highest target prices, following the fiscal 1Q16 earnings release. Schlumberger currently trades near $80, implying an ~18% return for the next 12 months. Cowen gave SLB a one-year target price of $75, one of its lowest target prices. This implies a -6.6% return over the next year.
Among the large investment banks, Barclays gave Schlumberger a one-year target price of $93. This implies ~16% return at its current price over the next 12 months.
Analysts’ target prices for SLB
Following the fiscal 1Q16 financial result, the highest target price for SLB is $95 and the lowest is $75. The median target price surveyed among sell-side analysts for SLB is ~$85. SLB is currently trading at ~$80, implying a ~6% upside at its median price.
Browse this series on Market Realist:
