NYSE:SLB

Schlumberger (SLB) Stock Forecast, Price & News

$58.30

-2.64 (-4.33%)

(As of 09/29/2023 ET)

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Today's Range: $58.20
▼
$60.84
50-Day Range: $56.41
▼
$62.10
52-Week Range: $35.26
▼
$62.78

Volume: 11.28 million shs
Average Volume: 7.80 million shs
Market Capitalization: $82.86 billion

P/E Ratio: 21.28
Dividend Yield: 1.72%
Price Target: $66.93

Schlumberger MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.94 Rating Score
Upside/Downside: 14.8% Upside
$66.93 Price Target
Short Interest: Healthy
1.54% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -4.12
Upright™ Environmental Score
News Sentiment: 0.58
Based on 17 Articles This Week
Insider Trading: Selling Shares
$9.30 M Sold Last Quarter
Proj. Earnings Growth: 25.50%
From $2.98 to $3.74 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.05 out of 5 stars

Oils/Energy Sector

14th out of 247 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

2nd out of 20 stocks

3.5

Analyst's Opinion

Consensus Rating
Schlumberger has received a consensus rating of Moderate Buy. The company's average rating score is 2.94, and is based on 16 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $66.93, Schlumberger has a forecasted upside of 14.8% from its current price of $58.30.
Amount of Analyst Coverage
Schlumberger has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.54% of the outstanding shares of Schlumberger have been sold short.
Short Interest Ratio / Days to Cover
Schlumberger has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Schlumberger has recently increased by 3.99%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Schlumberger pays a meaningful dividend of 1.72%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Schlumberger has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Schlumberger is 36.50%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Schlumberger will have a dividend payout ratio of 26.74% next year. This indicates that Schlumberger will be able to sustain or increase its dividend.

1.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Schlumberger has received a -26.54% net impact score from Upright. The largest negative impact of Schlumberger in category "GHG emissions" seems to be driven mostly by its "Oil drilling engineering services", "Petroleum reservoir engineering", "Oil well measurement systems", "Oil pipes", and "Oil wellheads" products. See details.
Environmental Sustainability
The Environmental Impact score for Schlumberger is -4.12.

3.1

News and Social Media Coverage

News Sentiment
Schlumberger has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 17 news articles for Schlumberger this week, compared to 9 articles on an average week.
Search Interest
59 people have searched for SLB on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.
MarketBeat Follows
42 people have added Schlumberger to their MarketBeat watchlist in the last 30 days. This is an increase of 147% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Schlumberger insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,297,298.00 in company stock.
Percentage Held by Insiders
Only 0.23% of the stock of Schlumberger is held by insiders.
Percentage Held by Institutions
79.43% of the stock of Schlumberger is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Schlumberger are expected to grow by 25.50% in the coming year, from $2.98 to $3.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Schlumberger is 21.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of Schlumberger is 21.28, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.22.
Price to Earnings Growth Ratio
Schlumberger has a PEG Ratio of 0.74. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Schlumberger has a P/B Ratio of 4.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Schlumberger (NYSE:SLB) Stock

Schlumberger is an international oilfield services company with facilities in many countries worldwide. Founded in 1926 in Paris, France, by brothers Conrad and Marcel Schlumberger, it is currently the world's largest offshore drilling company and the most significant offshore drilling contractor in revenue. Schlumberger Limited was incorporated in 1956 as a holding company and listed on the New York Stock Exchange in 1962.

Schlumberger is a Fortune Global 500 company, listed in Forbes Global 2000, and has a 33-acre campus in Sugar Land, Texas. In 1981, Schlumberger became the first international company to link computers with email, and in 1983, the company opened its Cambridge Research Center in Cambridge, England.

In 2005, Schlumberger purchased Waterloo Hydrogeologic and relocated its U.S. corporate office from New York to Houston. It has since made numerous acquisitions, including Smith International in 2010, a deal valued at $11.3 billion. In 2010, Schlumberger acquired Geoservices in a deal valued at $1.1 billion. In 2014, Schlumberger purchased the remaining shares of SES Holdings Limited (Saxon). Schlumberger agreed to acquire oilfield equipment manufacturer Cameron International in 2015 for $14.8 billion.

As a global provider of technology, integrated project management and information solutions, Schlumberger supplies the petroleum industry with services such as formation evaluation, seismic data processing, well cementing and stimulation, well testing and directional drilling, artificial lift, low assurance and consulting, well completions and software and information management. Schlumberger is at the forefront of the industry with its carbon capture and storage industries and its continued investment in geothermal and hydrogen power.

Schlumberger has had environmental and legal issues, including a radioactive canister recovered in the Western Australian outback in 2006. Schlumberger was also a contractor on the Deepwater Horizon oil rig in the Gulf of Mexico. Despite these issues, Newsweek ranked Schlumberger 118 out of 500 in 2009.

In 2021, Schlumberger made news with the announcement of pilot project agreements between critical industry leaders and the French state. They also made news headlines due to a report of 21,000 layoffs, accounting for 15% of the company's workforce due to the global COVID-19 pandemic.

As an established player in the oilfield services industry, Schlumberger looks poised to continue to expand its presence in the industry and further its mission of providing innovative solutions to the world's energy challenges.

SLB Price History

30 days | 90 days | 365 days | Advanced Chart

SLB Stock News Headlines

September 30, 2023 | marketbeat.com

Will the Energy Sector Continue to Outshine the Market? (SLB)

Despite the market selloff this month, the energy sector ETF XLE has shown significant strength, rising over 4% in the same period.

September 28, 2023 | marketbeat.com

Energy Stocks Shine as High Oil Prices Boost Dividend Yields (SLB)

Rising bond yields challenge stocks as income sources, prompting investors to turn to dividend-paying energy stocks like EQT, Schlumberger, and Noble.

October 1, 2023 | Legacy Research (Ad)

Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)

“Hi, I’m Teeka Tiwari...I’m about to get in this Tesla and drive up to a facility just a few miles from here to show you what could be the secret behind Elon Musk’s new AI project… What happens next will shock you…”

September 8, 2023 | marketbeat.com

Baker Hughes, Pioneer, Diamondback: Energy Stocks on the Rise (SLB)

Baker Hughes, Pioneer Resources, and Diamondback Energy lead the energy sector uptrend. Production cuts from Saudi Arabia and Russia are pushing up oil prices.

September 5, 2023 | marketbeat.com

This is a Golden Time to Buy Beaten Down Oil Stocks (SLB)

The energy market is throwing a solid signal echoed by the industry, the ETFs that track it, and the stocks within it.

October 1, 2023 | americanbankingnews.com

Schlumberger (NYSE:SLB) Stock Price Down 3.6%

September 30, 2023 | finance.yahoo.com

With EPS Growth And More, Schlumberger (NYSE:SLB) Makes An Interesting Case

September 29, 2023 | finance.yahoo.com

Is SLB (SLB) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap

October 1, 2023 | Legacy Research (Ad)

Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)

September 29, 2023 | seekingalpha.com

Schlumberger: Rising Oil Prices, Robust Growth, And AI Coming Together

September 27, 2023 | investing.com

Schlumberger sinks after revenue miss; results 'mixed' say analysts

September 26, 2023 | msn.com

Schlumberger (SLB) Stock Moves -1.19%: What You Should Know

September 26, 2023 | americanbankingnews.com

Stephane Biguet Sells 6,250 Shares of Schlumberger Limited (NYSE:SLB) Stock

September 26, 2023 | americanbankingnews.com

Schlumberger Limited (NYSE:SLB) CFO Stephane Biguet Sells 6,250 Shares of Stock

September 25, 2023 | finance.yahoo.com

Schlumberger Insiders Sell US$29m Of Stock, Possibly Signalling Caution

September 23, 2023 | americanbankingnews.com

Citigroup Increases Schlumberger (NYSE:SLB) Price Target to $70.00

September 22, 2023 | finance.yahoo.com

SLB Announces Third-Quarter 2023 Results Conference Call

September 21, 2023 | marketwatch.com

Schlumberger Ltd. stock falls Thursday, still outperforms market

September 21, 2023 | msn.com

Citigroup Maintains SLB (SLB) Buy Recommendation

September 20, 2023 | msn.com

Schlumberger: Expanding Margins In A Secular Upturn Makes The Stock A Buy

September 18, 2023 | benzinga.com

Why Schlumberger (SLB) Shares Are Moving

September 11, 2023 | benzinga.com

Piper Sandler Maintains Overweight Rating for SLB: Here's What You Need To Know

September 11, 2023 | msn.com

Piper Sandler Maintains SLB (SLB) Overweight Recommendation

September 8, 2023 | marketwatch.com

Schlumberger Ltd. stock underperforms Friday when compared to competitors

September 7, 2023 | msn.com

Susquehanna Maintains SLB (SLB) Positive Recommendation

September 7, 2023 | marketwatch.com

Schlumberger Ltd. stock outperforms market despite losses on the day

September 6, 2023 | oilprice.com

Schlumberger To Grow Revenue By $5B This Year, And Again In 2024

See More Headlines

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SLB Company Calendar

Ex-Dividend for 7/13 Dividend: 6/06/2023
Dividend Payable: 7/13/2023
Last Earnings: 7/21/2023
Ex-Dividend for 10/12 Dividend: 9/05/2023
Today: 10/01/2023
Dividend Payable: 10/12/2023
Next Earnings (Confirmed): 10/20/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Oil & gas field services, not elsewhere classified
Sub-Industry: Oil & Gas Equipment & Services
Sector: Oils/Energy
Current Symbol: NYSE:SLB
CUSIP: 80685710
CIK: 87347
Web: www.slb.com
Phone: (713) 513-2000
Fax: 713-513-3500
Employees: 99,000
Year Founded: 1926

Price Target and Rating

Average Stock Price Forecast: $66.93
High Stock Price Forecast: $77.00
Low Stock Price Forecast: $59.00
Forecasted Upside/Downside: +14.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.94
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.74
Trailing P/E Ratio: 21.28
Forward P/E Ratio: 19.56
P/E Growth: 0.77
Net Income: $3.44 billion
Net Margins: 12.63%
Pretax Margin: 15.82%
Return on Equity: 21.27%
Return on Assets: 8.80%

Debt

Debt-to-Equity Ratio: 0.60
Current Ratio: 1.33
Quick Ratio: 0.97

Sales & Book Value

Annual Sales: $28.09 billion
Price / Sales: 2.95
Cash Flow: $3.56 per share
Price / Cash Flow: 16.38
Book Value: $12.67 per share
Price / Book: 4.60

Miscellaneous

Outstanding Shares: 1,421,190,000
Free Float: 1,417,917,000
Market Cap: $82.86 billion
Optionable: Optionable
Beta: 1.82

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Key Executives

Mr. Olivier Le Peuch (Age 59)
CEO & Director
Comp: $3.71M

Mr. Stephane Biguet (Age 54)
Exec. VP & CFO
Comp: $1.68M

Ms. Dianne B. Ralston (Age 56)
Chief Legal Officer & Sec.
Comp: $1.43M

Mr. Ashok Belani (Age 64)
Sr. Strategic Advisor
Comp: $1.17M

Mr. Khaled Al Mogharbel (Age 52)
Exec. VP of Geographies
Comp: $1.8M

Mr. Abdellah Merad (Age 49)
Exec. VP of Core Services & Equipment
Comp: $1.7M

Mr. Howard Guild (Age 51)
Chief Accounting Officer

Mr. Demosthenis Pafitis (Age 55)
Chief Technology Officer

Mr. Sebastien Lehnherr
Chief Information Officer

Mr. James R. McDonald (Age 44)
Sr. VP of Investor Relations and Industry Affairs

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SLB Stock - Frequently Asked Questions

Should I buy or sell Schlumberger stock right now?: 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 "moderate buy" SLB shares.
View SLB analyst ratings or view top-rated stocks.
What is Schlumberger's stock price forecast for 2023?: 17 analysts have issued 1 year price targets for Schlumberger's stock. Their SLB share price forecasts range from $59.00 to $77.00. On average, they predict the company's stock price to reach $66.93 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price.
View analysts price targets for SLB or view top-rated stocks among Wall Street analysts.
How have SLB shares performed in 2023?: Schlumberger's stock was trading at $53.46 at the beginning of 2023. Since then, SLB stock has increased by 9.1% and is now trading at $58.30.
View the best growth stocks for 2023 here.
When is Schlumberger's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, October 20th 2023.
View our SLB earnings forecast.
How can I listen to Schlumberger's earnings call?: Schlumberger will be holding an earnings conference call on Friday, October 20th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-970-0847 with passcode "1720594".
How were Schlumberger's earnings last quarter?: Schlumberger Limited (NYSE:SLB) announced its quarterly earnings results on Friday, July, 21st. The oil and gas company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The oil and gas company had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.20 billion. Schlumberger had a trailing twelve-month return on equity of 21.27% and a net margin of 12.63%. The firm's revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share.
Read the conference call transcript.
How often does Schlumberger pay dividends? What is the dividend yield for Schlumberger?: Schlumberger declared a quarterly dividend on Thursday, July 20th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.25 per share on Thursday, October 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, September 5th.
Read our dividend analysis for SLB.
What ETFs hold Schlumberger's stock?: 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), Noble Absolute Return ETF (NOPE), Energy Select Sector SPDR Fund (XLE), Invesco Oil & Gas Services ETF (PXJ), iShares U.S. Energy ETF (IYE) and Invesco S&P 500 Equal Weight Energy ETF (RYE).
Is Schlumberger a good dividend stock?: Schlumberger (NYSE:SLB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.64%. 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 36.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 26.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLB.

What guidance has Schlumberger issued on next quarter's earnings?: Schlumberger updated its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $32.30B-, compared to the consensus revenue estimate of $33.08 billion.
What is Olivier Le Peuch's approval rating as Schlumberger's CEO?: 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.
What other stocks do shareholders of Schlumberger own?: 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).
What is Schlumberger's stock symbol?: Schlumberger trades on the New York Stock Exchange (NYSE) under the ticker symbol "SLB."
How do I buy shares of Schlumberger?: 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.
Compare Top Brokerages Here.
What is Schlumberger's stock price today?: One share of SLB stock can currently be purchased for approximately $58.30.
How much money does Schlumberger make?: Schlumberger (NYSE:SLB) has a market capitalization of $82.86 billion and generates $28.09 billion in revenue each year. The oil and gas company earns $3.44 billion in net income (profit) each year or $2.74 on an earnings per share basis.
How many employees does Schlumberger have?: The company employs 99,000 workers across the globe.
Does Schlumberger have any subsidiaries?: The following companies are subsidiares of Schlumberger: Asset Development & Improvement Ltd., CJSC Tyumenpromgeofizika, Cameron, Cameron International Corporation, Cameron Lux I SARL, Convergent Group, Diamould, Dowell Schlumberger Corporation, Eastern Echo Holding, Eurasia Drilling, Extreme Engineering, Fluid Inclusion Technologies, GEDCO, GeoKnowledge AS, Geoservices, Geosystem Srl, Geothermex, Gushor, IES Integrated Exploration Systems, IGEOSS, InnerLogix, Insensys Oil & Gas, KBB Underground Technologies GmbH, M-I SWACO, Merak Projects, Meta Downhole, Nexus Geosciences, Novatek, Odegaard, Omron Oilfield and Marine, OneSubsea SARL, Operational Services, Panther Software, Peak Well Systems, PetroAlliance Services, Reslink, Rock Deformation Research, SPT Group, Saltel Industries, Saxon Energy Services, Schlumberger B.V., Schlumberger Canada Limited, Schlumberger Holdings Corporation, Schlumberger Holdings II Limited, Schlumberger Logelco Inc., Schlumberger Middle East SA., Schlumberger Norge AS, Schlumberger Offshore Services Limited, Schlumberger Oilfield Eastern Ltd., Schlumberger Oilfield Holdings Limited, Schlumberger Oilfield UK Plc, Schlumberger Overseas SA, Schlumberger Plc, Schlumberger SA, Schlumberger Seaco Inc., Schlumberger Technology Corporation, Schlumberger UK Limited, Sema Plc, Sensa, Services Petroliers Schlumberger, Shores Lift Solutions, Smith International, Smith International Inc., Staag Imaging, T&T Engineering Services, Techsia, TerraTek, ThruBit, V.i.P.S, VoxelVision, and Water Management Consultants.
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How can I contact Schlumberger?: 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.

This page (NYSE:SLB) was last updated on 10/1/2023 by MarketBeat.com Staff

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