14 Best Undervalued Stocks to Buy Under $50

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3. Schlumberger Limited (NYSE:SLB)

Stock Price: $36.36

​Forward P/E: 12.57

Number of Hedge Fund Holders: 63

Schlumberger Limited (NYSE:SLB) is one of the best undervalued stocks to buy under $50. Schlumberger Limited (NYSE:SLB) was initiated with a Buy rating by Rothschild & Co Redburn on November 3 with a $48 price target.

The firm told investors that Schlumberger Limited (NYSE:SLB) has managed to reshape its business in recent years, even when its shares have “derated materially”, increasing exposure to less cyclical areas by acquiring ChampionX and disposing of “capital-intensive” assets.

Rothschild & Co Redburn cited several catalysts it sees driving a re-rating of the shares, including an increase in free cash flow and distributions and a return to earnings upgrades.

The same day as the rating update, Schlumberger Limited (NYSE:SLB) announced the launch of Tela™, a purpose-built agentic AI assistant specialized for the transformation of the upstream energy sector.

Management reported that Tela “leverages agentic AI to not only automate processes but transform workflows and drive better business outcomes”, and would be embedded in the company’s portfolio of platforms and applications. Users will be able to interact via a simple conversational interface, allowing the agentic AI to take on the role of a proactive collaborator.

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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