Schlumberger (SLB) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last twelve months. There are currently 1 hold rating and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SLB shares.
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17 equities research analysts have issued 1 year target prices for Schlumberger's shares. Their SLB share price forecasts range from $49.00 to $75.00. On average, they expect the company's stock price to reach $64.53 in the next twelve months. This suggests a possible upside of 38.0% from the stock's current price.
View analysts price targets for SLB or view top-rated stocks among Wall Street analysts.

Schlumberger's stock was trading at $53.46 at the beginning of the year. Since then, SLB stock has decreased by 12.5% and is now trading at $46.77.
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The company is scheduled to release its next quarterly earnings announcement on Friday, July 28th 2023.
View our SLB earnings forecast.

Schlumberger Limited (NYSE:SLB) announced its quarterly earnings data on Friday, April, 21st. The oil and gas company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The oil and gas company had revenue of $7.74 billion for the quarter, compared to analysts' expectations of $7.46 billion. Schlumberger had a trailing twelve-month return on equity of 20.16% and a net margin of 12.94%. Schlumberger's revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 earnings per share.
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Schlumberger announced a quarterly dividend on Thursday, April 20th. Investors of record on Wednesday, June 7th will be paid a dividend of $0.25 per share on Thursday, July 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, June 6th.
Read our dividend analysis for SLB.

ETFs with the largest weight of Schlumberger (NYSE:SLB) stock in their portfolio include iShares U.S. Oil Equipment & Services ETF (IEZ), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG), Invesco Dynamic Oil & Gas Services ETF (PXJ), Alger 35 ETF (ATFV), SPDR S&P Oil & Gas Equipment & Services ETF (XES), iShares U.S. Energy ETF (IYE) and Energy Select Sector SPDR Fund (XLE).

Schlumberger (NYSE:SLB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.22%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 26.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLB.

522 employees have rated Schlumberger Chief Executive Officer Olivier Le Peuch on Glassdoor.com. Olivier Le Peuch has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Schlumberger investors own include Intel (INTC), AT&T (T), Halliburton (HAL), Exxon Mobil (XOM), Bank of America (BAC), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), Walt Disney (DIS), General Electric (GE) and Johnson & Johnson (JNJ).

Schlumberger trades on the New York Stock Exchange (NYSE) under the ticker symbol "SLB."

Schlumberger's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.44%), State Street Corp (5.84%), Wellington Management Group LLP (2.69%), FMR LLC (2.48%), GQG Partners LLC (1.99%) and Jennison Associates LLC (1.86%). Insiders that own company stock include Abdellah Merad, Ashok Belani, Claudia Jaramillo, Dianne B Ralston, Gavin Rennick, Hinda Gharbi, Howard Guild, Katharina Beumelburg, Kevin Fyfe, Limited/Nv Schlumberger, Mark G Papa, Mogharbel Khaled Al, Peuch Olivier Le, Pierre Chereque, Rajeev Sonthalia, Saul R Laureles, Stephane Biguet and Vijay Kasibhatla.
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Shares of SLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SLB stock can currently be purchased for approximately $46.77.

Schlumberger (NYSE:SLB) has a market capitalization of $66.42 billion and generates $29.87 billion in revenue each year. The oil and gas company earns $3.44 billion in net income (profit) each year or $2.69 on an earnings per share basis.

The company employs 99,000 workers across the globe.

Schlumberger's mailing address is PARKSTRAAT 83, THE HAGUE P7, 77056. The official website for the company is www.slb.com. The oil and gas company can be reached via phone at (713) 513-2000, via email at investor-relations@slb.com, or via fax at 713-513-3500.