Schlumberger Ltd. (SLB) Misses Q3 EPS by 6c, Misses on Revenue
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October 21, 2024 7:26 AM EDT
Citi analyst Scott Gruber lowered the price target on SLB (NYSE: SLB) to $54.00 (from $60.00) while maintaining a Buy rating.
The analyst comments "With upstream spending growth losing steam, we reduce 4q EBITDA by 1.5% to $2.36B ($2.42B with other income) given 1.5% less revenue... More
October 21, 2024 6:29 AM EDT
Raymond James analyst James Rollyson lowered the price target on SLB (NYSE: SLB) to $57.00 (from $59.00) while maintaining a Outperform rating.
The analyst comments "SLB EBITDA results came through as internal cost management was able to offset weaker top line improvement. The company called... More
October 21, 2024 6:04 AM EDT
Goldman Sachs analyst Neil Mehta reiterated a Conviction Buy rating and $52.00 price target on SLB (NYSE: SLB).
The analyst comments "Following underperformance, we see favorable value in SLB as even at our moderated estimates, the company is well positioned to deliver strong free cash flow and return of capital, and we see room for multiple rerating. We believe the stock's 3M underperformance has been largely driven by investor... More
