Schlumberger Limited (NYSE:SLB) is one of the best cheap strong buy stocks to buy now. Melius Research initiated coverage of Schlumberger Limited (NYSE:SLB) with a Buy rating on August 20, setting a $82 price target.
An aerial view of a well site, depicting the scale of oil and gas operations.
The firm told investors in a research note that “Energy & Power” has metamorphosed into an AI category with the introduction, acceleration, and adoption of AI, and that the market is in the early stages of a “Power Revolution.”
It added that the effects of this power revolution are only beginning, shifting leadership toward a whole new group of winners. The firm is thus establishing coverage on several prominent E&Ps, the Supermajors, the largest independent power producers, and the largest oil services companies.
Schlumberger Limited provides energy technology and operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
