Stifel lowered Schlumberger's price target to $54, but maintains a "Buy" rating

From Yahoo Finance: 2025-06-20 15:53:00

Schlumberger Limited (NYSE:SLB) had its price target lowered by Stifel analysts on April 28 from $58 to $54, but maintained a “Buy” rating. The company showed solid performance in Q1 2025 and has a positive financial outlook for the year.

Stifel analysts praised Schlumberger’s strong free cash flow generation and commitment to returning value to shareholders. The company plans to return a minimum of $4 billion to shareholders in 2025 through dividends and share repurchases.

Despite economic uncertainties, Stifel analysts anticipate Schlumberger’s margins to remain robust. The company’s Digital business growth, strength in Production Systems, and cost-cutting efforts are expected to support strong margins.

Schlumberger Limited (NYSE:SLB) is a global oilfield services company operating in over 100 countries. It provides technology, information solutions, and project management services to optimize reservoir performance.

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Read more: Stifel Cuts Schlumberger (SLB) Price Target, Keeps Buy Rating