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Schlumberger Stock Price, News & Analysis (NYSE:SLB)

$48.46
-0.67 (-1.36%)
(As of 12/7/2023 ET)
Compare
Today's Range
$48.09
$49.41
50-Day Range
$48.46
$60.59
52-Week Range
$42.73
$62.78
Volume
12.91 million shs
Average Volume
9.23 million shs
Market Capitalization
$68.98 billion
P/E Ratio
16.77
Dividend Yield
2.06%
Price Target
$70.36

Schlumberger MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.93 Rating Score
Upside/​Downside
45.2% Upside
$70.36 Price Target
Short Interest
Healthy
1.24% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.92
Upright™ Environmental Score
News Sentiment
0.75mentions of Schlumberger in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$1.43 M Sold Last Quarter
Proj. Earnings Growth
21.89%
From $2.97 to $3.62 Per Share

Overall MarketRank

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

3.63 out of 5 stars

Energy Sector

2nd out of 48 stocks

Oil & Gas Equipment & Services Industry

1st out of 16 stocks


SLB stock logo

About Schlumberger Stock (NYSE:SLB)

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 Stock Price History

SLB Stock News Headlines

Schlumberger: Steady, With Upside
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SLB's Dividend Analysis
Reminder - Schlumberger Goes Ex-Dividend Soon
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Schlumberger (SLB) Stock Moves -0.1%: What You Should Know
Cramer's Lightning Round: 'Buy Toyota'
The Energy Rebound - SLB Seems Way Too Cheap
See More Headlines
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Company Calendar

Ex-Dividend for 10/12 Dividend
9/05/2023
Dividend Payable
10/12/2023
Last Earnings
10/20/2023
Ex-Dividend for 1/11 Dividend
12/05/2023
Today
12/07/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/11/2024
Next Earnings (Estimated)
1/19/2024

Industry, Sector and Symbol

Industry
Oil & Gas Equipment & Services
Sub-Industry
Oil & Gas Equipment & Services
Sector
Energy
CUSIP
80685710
Employees
99,000
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$70.36
High Stock Price Target
$81.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+45.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.93
Research Coverage
15 Analysts

Profitability

Net Income
$3.44 billion
Pretax Margin
16.23%

Debt

Sales & Book Value

Annual Sales
$28.09 billion
Cash Flow
$3.43 per share
Book Value
$12.67 per share

Miscellaneous

Outstanding Shares
1,423,420,000
Free Float
1,420,147,000
Market Cap
$68.79 billion
Optionable
Optionable
Beta
1.68

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Should I Buy Schlumberger Stock? SLB Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Schlumberger was last updated on Tuesday, November 28, 2023 at 10:53 PM.

Pros

Here are some ways that investors could benefit from investing in Schlumberger Limited:

  • Schlumberger Limited is a global leader in technology for the energy industry, providing services and products that are essential for oil and gas exploration, production, and well construction.
  • The company has a long history and extensive experience in the industry, dating back to its founding in 1926. This expertise gives Schlumberger a competitive advantage and positions it as a trusted partner for energy companies worldwide.
  • Schlumberger has been actively investing in research and development, focusing on innovations related to GHG reduction and sustainability. This commitment to advancing the industry in a sustainable manner aligns with the growing global demand for environmentally responsible practices.
  • The company's recent advancements in carbon capture, methane control, and flare control technologies contribute to a reduction in emissions, addressing a key concern in the energy industry and positioning Schlumberger as a leader in environmental stewardship.
  • Despite the challenges faced during the COVID-19 pandemic, Schlumberger has been slowly rebuilding its workforce to meet the increasing demand from the industry. This indicates a positive outlook for the company's future growth and profitability.

Cons

Investors should be bearish about investing in Schlumberger Limited for these reasons:

  • The company experienced a decline in its dividend payout in 2020 due to the impact of the COVID-19 pandemic. While the payout has not been fully recovered as of 2022, it is important to consider the potential volatility in dividend payments when evaluating the investment.
  • The oil and gas industry, in which Schlumberger operates, is subject to various market factors and geopolitical risks that can impact the company's financial performance. Investors should closely monitor these factors and assess their potential impact on Schlumberger's business.
  • Investing in Schlumberger Limited involves exposure to the oil and gas field services industry, which is classified as a high-risk sector. Investors should carefully consider their risk tolerance and diversify their investment portfolio accordingly.
  • The stock price of Schlumberger Limited can be influenced by factors such as oil prices, industry trends, and market sentiment. Investors should conduct thorough research and analysis to make informed decisions regarding the timing and potential returns of their investment.
  • It is important for investors to stay updated on the latest developments and financial performance of Schlumberger Limited, as well as the overall energy industry, to make informed investment decisions. Regular monitoring and analysis of relevant news, reports, and market trends are essential.














SLB Stock Analysis - Frequently Asked Questions

Should I buy or sell Schlumberger stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last year. There are currently 1 hold rating and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SLB shares.
View SLB analyst ratings
or view top-rated stocks.

What is Schlumberger's stock price target for 2024?

15 equities research analysts have issued 1 year price objectives for Schlumberger's stock. Their SLB share price targets range from $62.00 to $81.00. On average, they expect the company's share price to reach $70.36 in the next twelve months. This suggests a possible upside of 45.2% 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 on January 1st, 2023. Since then, SLB stock has decreased by 9.4% and is now trading at $48.46.
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, January 19th 2024.
View our SLB earnings forecast
.

How were Schlumberger's earnings last quarter?

Schlumberger Limited (NYSE:SLB) released its quarterly earnings results on Friday, October, 20th. The oil and gas company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.01. The oil and gas company earned $8.31 billion during the quarter, compared to analysts' expectations of $8.32 billion. Schlumberger had a net margin of 12.98% and a trailing twelve-month return on equity of 21.80%. Schlumberger's revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share.
Read the conference call transcript
.

How often does Schlumberger pay dividends? What is the dividend yield for Schlumberger?

Schlumberger announced a quarterly dividend on Friday, October 20th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.25 per share on Thursday, January 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, December 5th.
Read our dividend analysis for SLB
.

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 1.91%. 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 34.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 27.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLB.

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).

Who are Schlumberger's major shareholders?

Schlumberger's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (2.22%), FMR LLC (1.91%), First Eagle Investment Management LLC (1.89%), Bank of New York Mellon Corp (1.35%), Morgan Stanley (1.11%) and Northern Trust Corp (1.00%). Insiders that own company stock include Abdellah Merad, Claudia Jaramillo, Demosthenis Pafitis, Dianne B Ralston, Gavin Rennick, Hinda Gharbi, Howard Guild, Katharina Beumelburg, Kevin Fyfe, La Chevardiere Patrick De, Limited/Nv Schlumberger, Mogharbel Khaled Al, Pierre Chereque, Rajeev Sonthalia, Stephane Biguet and Vijay Kasibhatla.
View institutional ownership trends
.

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.

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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This page (NYSE:SLB) was last updated on 12/7/2023 by MarketBeat.com Staff

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