Wall Street Analysts Think Schlumberger (SLB) Could Surge 34%:

CrisisInvesting

Wall Street Analysts Think Schlumberger (SLB) Could Surge 34%:

Schlumberger (SLB) closed the last trading session at $35.07, gaining 0% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $46.86 indicates a 33.6% upside potential.

The average comprises 16 short-term price targets ranging from a low of $37 to a high of $59, with a standard deviation of $4.86. While the lowest estimate indicates an increase of 5.5% from the current price level, the most optimistic estimate points to a 68.2% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

CrisisInvesting

from WSJ:

Schlumberger Raises Sales Outlook Amid Oil Drilling Activity
Oil-field services giant now expects annual revenue of at least $27 billion