Analysts Offer Insights on Energy Companies: Schlumberger (SLB) and BP (BP)
Analysts have been eager to weigh in on the Energy sector with new ratings on Schlumberger (SLB – Research Report) and BP (BP – Research Report).
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Schlumberger (SLB)
Jefferies analyst Lloyd Byrne reiterated a Buy rating on Schlumberger yesterday and set a price target of $51.00. The company’s shares closed last Friday at $49.15.
According to TipRanks.com, Byrne is a 5-star analyst with an average return of
Currently, the analyst consensus on Schlumberger is a Strong Buy with an average price target of $50.14, representing a 0.3% upside. In a report issued on January 12, Bank of America Securities also maintained a Buy rating on the stock with a $50.00 price target.
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BP (BP)
Jefferies analyst Mark Wilson maintained a Hold rating on BP yesterday. The company’s shares closed last Friday at $36.53.
According to TipRanks.com, Wilson is a 3-star analyst with an average return of
BP has an analyst consensus of Moderate Buy, with a price target consensus of $36.90, a 1.3% upside from current levels. In a report issued on January 15, Piper Sandler also maintained a Hold rating on the stock with a $43.00 price target.
