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Investing.com - SocGen Group analyst Guillaume Delaby lowered the price target on SLB (NYSE:SLB) to $47.60 from $63.00 while maintaining an Outperform rating ahead of the company’s third-quarter results. According to InvestingPro data, five analysts have recently revised their earnings estimates downward, with current analyst targets ranging from $36 to $82.
The revised target reflects an unchanged weighted average cost of capital (WACC) of 8% but incorporates lower free cash flow to perpetuity of $5,160 million, down from the previous estimate of $5,554 million.
SocGen also reduced its long-term growth rate assumption for SLB to 2% from 3.5%, citing recent poor Dallas Federal Reserve data and adjusted expectations for the ChampionX consolidation, which will be included for five months in 2025 rather than the nine months in previous models.
The analyst identified four key factors affecting SLB: the isolation of Digital as a medium-term positive, the slow transition towards New Energies as a medium-term negative, potential consensus downgrades following upcoming results that may impact short-term sentiment, and low valuation as a strong medium-term positive.
SLB is scheduled to release its third-quarter 2025 results on October 17, 2025, with fourth-quarter results expected on January 16, 2026.
In other recent news, SLB Limited shareholders have approved a name change from Schlumberger N.V. to SLB N.V., with the amendment becoming effective after a special general meeting. This change allows the company to use "SLB Limited" and "SLB Ltd." in international transactions. Meanwhile, UBS has reiterated a Buy rating on SLB stock with a price target of $44, anticipating some complexities in the upcoming third-quarter results due to the CHX acquisition and business re-segmentation. Stifel also maintained its Buy rating, noting SLB’s strong performance in international markets as highlighted by recent industry surveys. Additionally, Melius Research initiated coverage of SLB with a Buy rating, setting a higher price target of $82, citing the company’s transition towards energy technology innovation. In another development, SLB has won a contract to develop carbon storage wells in the UK North Sea for the Northern Endurance Partnership, utilizing its Sequestri carbon storage solutions. These recent developments highlight SLB’s strategic moves and ongoing projects in the energy sector.
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