Analyst Phillip Jungwirth of BMO Capital maintained a Buy rating on Schlumberger, retaining the price target of $55.00.
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Phillip Jungwirth has given his Buy rating due to a combination of factors, even as he modestly reduces near-term earnings forecasts to reflect operational disruptions in the Middle East. He views the current weakness in Iraq and precautionary offshore rig suspensions in Saudi Arabia as temporary, expecting activity to rebound once the regional conflict stabilizes, with the rest of the world likely to increase spending alongside higher oil prices.
Jungwirth also emphasizes Schlumberger’s strong positioning as a leading international oilfield services provider, featuring superior EBITDA and free cash flow margins and a solid technology edge. He cites upcoming catalysts such as realizing the growth and valuation potential of the Digital segment, integrating ChampionX effectively, and a recovery in Saudi and offshore markets, while noting that the shares currently trade at a discount to their historical valuation ranges, supporting his Buy recommendation.
Jungwirth covers the Energy sector, focusing on stocks such as Chevron, Marathon Petroleum, and Halliburton. According to TipRanks, Jungwirth has an average return of 7.5% and a 52.83% success rate on recommended stocks.
In another report released today, TipRanks – DeepSeek also reiterated a Buy rating on the stock with a $59.00 price target.