Why Wall Street Loves This Energy Service Stock - SLB (NYSE:SLB)
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Published on March 20, 2026.
Oil prices have risen by 50% since the U.S.-Israeli attack on Iran, triggering a surge in oil prices. Experts predict that the oil market will not return to pre-war prices until 2027. Despite this volatility, Wall Street energy analysts are unanimous in their assessment of Schlumberger (NYSE:SLB). The stock is currently trading at around $48 per share and up 7% over the past week. Analysts view SLB as a top-tier play in the profitable global oil services sector, with revenues, robust margins, and an orders backlog. However, there are potential downsides, with Stifel Nicolaus holding its Buy call on SLB shares with a $56 price target.
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