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Schlumberger (SLB) is a Top-Ranked Value Stock: Should You Buy?

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Why Investors Should Pay Attention to This Value Stock

Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.

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Schlumberger (SLB)

Houston, TX-based Schlumberger Limited is a leading oilfield services company, providing services to the oil and gas explorers, and producers across the world. Through oilfield services contracts, Schlumberger helps the upstream energy players to locate oil and gas, and to drill and evaluate hydrocarbon wells. The company, founded in 1926, also supports the explorers to construct oil and gas wells and produce optimum volumes of the commodities from the existing wells.

SLB boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Schlumberger are trading at a forward earnings multiple of 23.4X, as well as a PEG Ratio of 0.5, a Price/Cash Flow ratio of 15.4X, and a Price/Sales ratio of 2.6X.

A company's earnings performance is important for value investors as well. For fiscal 2022, five analysts revised their earnings estimate higher in the last 60 days for SLB, while the Zacks Consensus Estimate has increased $0.00 to $1.85 per share. SLB also holds an average earnings surprise of 6.7%.

Investors should take the time to consider SLB for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.


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