J.P. Morgan maintains Buy rating on Schlumberger Limited with price target of $44

Schlumberger Limited (NYSE:SLB) was named one of the 11 Best 52-Week Low Stocks to Buy Right Now. J.P. Morgan analyst Arun Jayaram reiterated a Buy rating on SLB with a price target of $44 on June 30. Despite challenges in well construction, SLB is expected to maintain stable revenue and margins for 2025. The company is expanding into digital and low-carbon solutions to drive growth in non-oil and gas sectors. Jayaram believes SLB is well-positioned to benefit from increased spending by national oil companies, especially in the MENA region, and is expected to generate around $4 billion in free cash flow in 2025. Schlumberger operates in the oil and gas industry through four main segments.

Read more at Yahoo Finance: J.P. Morgan Reiterated a Buy Rating on Schlumberger Limited (SLB)