From Seekingalpha · Dave Messler · · 40s
SLB Stock Buy Call
SLB stock targets rebound with inventory rebuild and global energy growth.
In brief
SLB stock targets rebound with inventory rebuild and global energy growth. SLB stock is a buy due to strong Q3 results, potential $8.2B EBITDA, and valuation ahead of peers. Originally reported by Seekingalpha.
SLB stock buy call
SLB is rated a buy with multi-year upcycle driven by global energy security, deepwater growth, and international expansion.
Q3 results beat
SLB delivered strong Q3 results: $0.02 EPS and $177M revenue beats, sequential margin expansion, and robust performance across all business units and geographies.
2027 growth forecast
Management forecasts durable mid-single-digit global activity growth through 2027, with potential for EBITDA to reach $8.2B if Middle East activity accelerates.
What it means
SLB stock is a buy due to strong Q3 results, potential $8.2B EBITDA, and valuation ahead of peers.
