US oilfield giants brace for tough times as price slide rattles producers By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 09 2025
0mins
Source: Investing.com
Challenging Market Conditions: Major U.S. oilfield service companies, including SLB, Halliburton, and Baker Hughes, are facing a difficult period due to declining oil prices, which have led producers to reduce drilling activities and reevaluate budgets, particularly in North America.
Impact of Tariffs and Future Investments: The ongoing tariff war is increasing equipment costs and contributing to uncertainty, with forecasts indicating declines in North American spending and global upstream investment; however, companies are focusing on resilient sectors like LNG infrastructure and data center projects to navigate the downturn.
Analyst Views on LCO
Wall Street analysts forecast LCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 27.375
Low
Averages
High
Current: 27.375
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
