13 Cheap Stocks Under $50 to Buy Now

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5. Schlumberger Limited (NYSE:SLB)

Stock Price: $35.07

Forward P/E: 11.42

Number of Hedge Fund Holders: 68

Schlumberger Limited (NYSE:SLB) is one of the best cheap stocks under $50 to buy now. In a report released on July 16, Stephen Gengaro from Stifel Nicolaus maintained a Buy rating on Schlumberger Limited (NYSE:SLB), lowering the price target on the stock to $52 from $54.

The analyst told investors in a research note that oil service stocks have underperformed the S&P 500 in 2025, with the catalysts for the industry being majorly negative.

The firm believes that as the market enters the fiscal Q2 2025 earnings season, shares will range-bound until estimates stop dropping.

Schlumberger Limited (NYSE:SLB) provides energy technology and operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems.

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