Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Schlumberger Ltd (NYSE: SLB) weakened of late. SLB’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Schlumberger Ltd (NYSE: SLB) stock closed at $52.19 on 12/15/23 after a slight decline of -0.4%. Moreover, exceptionally high trading volume at 244% of normal accompanied the decline. The stock has risen 7.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SLB is expected to continue to be a major Value Builder.
Schlumberger has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Schlumberger has a slightly negative Appreciation Score of 37 but a very high Power Rating of 88, triggering the High Neutral Value Trend Rating.
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