SLB Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Schlumberger (SLB) is currently trading near its Fibonacci support levels, with the stock price hovering around $41.02 as of 2025-03-21. The RSI_6 is at 52.27, indicating a neutral position, while the MACD shows a slight bullish signal with a value of 0.02. The stock is testing the lower end of its Fibonacci support range, with the next significant support at $39.30 (S2) and resistance at $41.84 (R1).
News Sentiment and Fundamental Analysis:
Recent news highlights SLB's strong Q4 performance, with revenue and earnings exceeding expectations. The company reported record revenues and significant growth in international markets, particularly in the Middle East and Asia. Despite this, geopolitical tensions and cautiousness from Western firms regarding investments in Russia may impact SLB's international operations.
The stock has a "Strong Buy" consensus rating from analysts, with a mean price target of $53.46, suggesting significant upside potential.
Price Prediction and Recommendation:
Based on the technical indicators and news sentiment, SLB is likely to face short-term downward pressure due to testing its Fibonacci support levels. The stock may decline to $38.32 (S3) in the next trading week.
Recommendation: Sell SLB with a target price of $38.32 and a stop-loss at $40.87 (Fibonacci Pivot).
SLB Similar Chart Price Prediction
The price of SLB is predicted to go up 1.96%, based on the high correlation periods with VGM. The similarity of these two price pattern on the periods is 90.89%.
SLB
VGM
Up: 1.96%Similarity: 90.89%
SLB Revenue Forecast
SLB EPS Forecast
SLB FAQs
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SLB VS S&P500
SLB's routine investment in research and development have made it the leading innovator in oilfield services.
The firm's recent investment in digital solutions and integrated services will create value-accretive revenue streams with high demand.
SLB's high exposure to non-US markets will mitigate adverse effects from volatility in the oil and gas markets.
SLB Analyst's Forecast
David Anderson
Barclays
Buy
2025-03-31
Price Target
$54 → $53
Upside
+26.79%
Barclays lowered the firm's price target on SLB to $53 from $54 and keeps an Overweight rating on the shares. Following quarter-end calls with a number of energy services companies, the firm reduced estimates for Q1 and fiscal 2025, primarily due to more pronounced softness in international markets. The U.S. onshore market has also been a bit slower to start the year, the analyst tells investors in a research note.
Lloyd Byrne
Jefferies
Strong Buy
2025-03-27
Price Target
$60 → $59
Upside
+40.14%
Scott Gruber
Citigroup
Strong Buy
2025-01-21
Price Target
$50 → $54
Upside
+23.46%
