The oil and gas sector has been experiencing fluctuating activity, with Schlumberger Limited (SLB) at the heart of the discourse. Despite market pundit Jim Cramer's bearish view, several investment outfits, including Axxcess Wealth Management LLC, J.P. Morgan, Alan B Lancz & Associates Inc., and Ninety One UK Ltd, have maintained their interest or reiterated their buy ratings on the SLB stock. Envestnet Asset Management Inc. and U.S. Capital Wealth Advisors LLC are among the entities increasing their stock holdings.
Conversely, principal outfits, namely Principal Financial Group Inc. and Flossbach Von Storch SE, have lowered their stock holdings. Furthermore, analysts anticipate a decline in SLB's earnings while noting that it's the most undervalued energy stock and a potential growth play. However, some analysts, such as those from Stifel, cut the price target for Schlumberger but retained their buy rating. SLB is also trended among hedge funds and is considered one of the best geothermal, water, and energy stocks to buy.
Schlumberger Limited SLB News Analytics from Wed, 11 Dec 2024 08:00:00 GMT to Sat, 12 Jul 2025 15:36:53 GMT - Rating 3 - Innovation 5 - Information 7 - Rumor -2
