5 Most Promising Energy Stocks According to Analysts

3. Schlumberger Limited (NYSE:SLB)

Average Analyst Price Target Upside: 35.16%

Average Analyst Price Target: $70.54

Schlumberger Limited (NYSE:SLB) is a Texas-based company that provides tech and services to the oil and gas industry, including well completion services, drilling services, interpretation and consulting services, and more.

On October 30, Schlumberger Limited (NYSE:SLB) announced that it had been selected by Eni S.p.A. (NYSE:E) to provide fugitive methane emissions measurement and reporting plans for its international operating facilities.

Schlumberger Limited (NYSE:SLB) is a dividend stock with a 1.92% dividend yield. The company’s next quarterly dividend is payable by January 11 to the shareholders of record on December 6.

Schlumberger Limited (NYSE:SLB) was mentioned in Fred Alger Management’s third quarter 2023 investor letter. Here is what it said:

“Schlumberger Limited (NYSE:SLB) provides technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. During the period, shares contributed to performance driven in large part by higher oil prices and strong fiscal second quarter earnings results. Within its quarterly report. the company highlighted growing momentum in international offshore markets that reflected market share gains as well as solid end market activity, leading to strong profit margins and healthy free cash flow generation, in our view.”