
NYSE:SLB
This summary was created by AI, based on 7 opinions in the last 12 months.
Experts have a generally favorable view of Schlumberger Ltd. (SLB), noting its strong technological capabilities in the oil and gas sector, including digital services that contribute significantly to margins. A recurring revenue of $1 billion provides stability amidst market fluctuations. The consensus highlights concerns about underinvestment in the oil industry, but many see potential for long-term growth, especially with ongoing geopolitical issues such as the situations in Venezuela and Iran affecting oil prices. Despite recent volatility in energy markets, experts remain optimistic about Schlumberger's resilience and potential benefits from future energy securities. The stock also boasts a yield of 2.61% and an analyst price target of $46.31, indicating confidence in its valuation.
The oil landscape has drastically changed in the past decade. The Saudis were the swing producer before; now it's the Americans. We also have competing sources of energy, namely wind and solar. That said, oil won't go away for decades. He owns fewer oil stocks (he sold Haliburton), but holds onto names like Suncor and Parex, which should do better than an oil service name like SLB.