Schlumberger stock price moved 0

Schlumberger stock price moved 0.9% higher to $50.28 in the early session as international contracting pipelines expanded, especially in Africa and South America. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. According to Spark, TipRanks’ AI Analyst, SLB is a Outperform. Schlumberger stock price posted a modest 0.6% rise to $50.17 with support from sector ETF flows. Energy service valuations appear favorable compared to historical P/E averages.