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Analysts’ Forecasts for Schlumberger, Post-1Q18 Earnings Release

Alex Chamberlin
Analysts’ Forecasts for Schlumberger, Post-1Q18 Earnings Release

In this article, we’ll look at Wall Street analysts’ forecasts for Schlumberger (SLB) following its 1Q18 earnings release. Of the analysts tracking Schlumberger on April 20, ~76% recommended “buy” or some equivalent, ~22% recommended “hold,” and 3% recommended “sell” or some equivalent. Schlumberger comprises 15.5% of the iShares US Oil Equipment & Services ETF (IEZ), which tracks an index composed of US equities in the oil equipment and service sector.