Stifel Cuts Schlumberger (SLB) Price Target, Keeps Buy Rating

Schlumberger Limited (NYSE:SLB) is one of the 10 Best Oil and Gas Stocks to Buy Now. On April 28, Stifel analysts lowered the price target for Schlumberger Limited (NYSE:SLB) from $58 to $54 but kept a “Buy” rating.

The firm highlighted the company’s solid performance in the first quarter of 2025 and a positive financial outlook for the year.

Stifel analysts also noted that Schlumberger Limited’s (NYSE:SLB) ability to generate strong free cash flow and commitment to returning value to shareholders are key factors supporting the positive stance. The company has pledged to return a minimum of $4 billion to its shareholders in 2025 through dividends and share repurchases.

Despite the economic uncertainties, Stifel analysts expect Schlumberger Limited’s (NYSE:SLB) margins to remain strong. This stance is supported by the company’s growing Digital business, the strength seen in its Production Systems, and the cost-cutting measures that have been implemented.

Schlumberger Limited (NYSE:SLB) is a global oilfield services company. With a presence in more than 100 countries, the company offers technology, information solutions, and integrated project management services that optimize reservoir performance.

While we acknowledge the potential of SLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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