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S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Biden signs bill extending a key US surveillance program after divisions nearly forced it to lapse
MarketBeat Week in Review – 4/15 - 4/19
The drug war devastated Black and other minority communities. Is marijuana legalization helping?
Morning sickness? Prenatal check-ups? What to know about new rights for pregnant workers
A man escaped Sudan's bloody civil war. His mysterious death in Missisippi has sparked suspicion
Record Store Day celebrates indie retail music sellers as they ride vinyl's popularity wave
Panama Papers trial's public portion comes to an unexpectedly speedy end

Schlumberger (SLB) Stock Price, News & Analysis

$49.85
-1.09 (-2.14%)
(As of 04/19/2024 ET)
Today's Range
$49.02
$50.77
50-Day Range
$47.58
$55.21
52-Week Range
$42.73
$62.12
Volume
16.84 million shs
Average Volume
8.85 million shs
Market Capitalization
$71.16 billion
P/E Ratio
17.07
Dividend Yield
2.21%
Price Target
$70.31

Schlumberger MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
41.0% Upside
$70.31 Price Target
Short Interest
Healthy
1.36% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.23
Upright™ Environmental Score
News Sentiment
0.57mentions of Schlumberger in the last 14 days
Based on 51 Articles This Week
Insider Trading
Selling Shares
$8.64 M Sold Last Quarter
Proj. Earnings Growth
20.80%
From $3.51 to $4.24 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.99 out of 5 stars

Oils/Energy Sector

1st out of 233 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

1st out of 17 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

How to Invest in Energy (SLB)
Energy keeps the world moving, from oil to gas to solar to wind. Learn about the types of energy investments, where to find them and which may be best for you.
Energy Sector Nears Multi-Year Resistance: Breakout Ahead?
As the U.S. market hovers near all-time highs, one sector has quietly surged higher and now stands at a critical juncture - the energy sector. While the broader market has experienced a significant uptick year-to-date and achieved new all-time highs, led firmly by the technology sector, the energy sector has steadily increased while remaining out of the limelight.
SHOCKING Crypto Leak…
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Energy Sector Nears Multi-Year Resistance: Breakout Ahead?
The XLE has outperformed the broader market year-to-date and is now approaching a major multi-year resistance and breakout level near $93.
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Schlumberger: Q1 Earnings Snapshot
SLB Backs EBITDA, Revenue Growth View For FY24 - Update
SLB: Taking Stock With Earnings On The Horizon
See More Headlines
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Company Calendar

Ex-Dividend for 4/4 Dividend
2/06/2024
Dividend Payable
4/04/2024
Last Earnings
4/19/2024
Today
4/20/2024
Next Earnings (Estimated)
7/19/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
80685710
Employees
111,000
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$70.31
High Stock Price Target
$81.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+41.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
16 Analysts

Profitability

Net Income
$4.20 billion
Pretax Margin
15.94%

Debt

Sales & Book Value

Annual Sales
$33.14 billion
Cash Flow
$4.54 per share
Book Value
$14.96 per share

Miscellaneous

Outstanding Shares
1,427,395,000
Free Float
1,423,684,000
Market Cap
$71.16 billion
Optionable
Optionable
Beta
1.60

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Should I Buy Schlumberger Stock? SLB Pros and Cons Explained

Pros

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

  • Schlumberger Limited engages in the provision of technology for the energy industry worldwide, offering a diverse range of services and products for field development, hydrocarbon production, and more.
  • The company operates through four divisions, including Digital & Integration, Reservoir Performance, Well Construction, and Production Systems, showcasing a well-diversified business model.
  • Recent developments in the energy industry have increased the demand for Schlumberger's services, potentially leading to revenue growth and improved profitability.
  • With the current stock price at an attractive level, investors may find an opportunity to enter the market at a favorable valuation.
  • Schlumberger's focus on innovation and technology positions it well to adapt to changing market conditions and stay competitive in the industry.

Cons

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

  • The oil & gas field services industry, where Schlumberger operates, can be highly cyclical and dependent on oil prices, leading to potential volatility in the company's financial performance.
  • Global economic uncertainties and geopolitical factors may impact the demand for energy services, affecting Schlumberger's revenue and profitability.
  • Competition in the oil & gas equipment and services subindustry is intense, with other major players vying for market share, potentially limiting Schlumberger's growth prospects.
  • Regulatory changes and environmental concerns could pose challenges for Schlumberger's operations, requiring the company to adapt to evolving industry standards and regulations.
  • Investors should carefully monitor market trends and industry developments to assess the long-term sustainability of Schlumberger's business model and growth potential.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Schlumberger pros and cons to contact@marketbeat.com.

SLB Stock Analysis - Frequently Asked Questions

Should I buy or sell Schlumberger stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last year. There are currently 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SLB shares.
View SLB analyst ratings
or view top-rated stocks.

What is Schlumberger's stock price target for 2024?

16 brokerages have issued 1-year price objectives for Schlumberger's shares. Their SLB share price targets range from $62.00 to $81.00. On average, they anticipate the company's stock price to reach $70.31 in the next twelve months. This suggests a possible upside of 41.0% 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 2024?

Schlumberger's stock was trading at $52.04 at the beginning of the year. Since then, SLB stock has decreased by 4.2% and is now trading at $49.85.
View the best growth stocks for 2024 here
.

When is Schlumberger's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 19th 2024.
View our SLB earnings forecast
.

How were Schlumberger's earnings last quarter?

Schlumberger Limited (NYSE:SLB) issued its quarterly earnings data on Friday, April, 19th. The oil and gas company reported $0.75 earnings per share for the quarter, hitting analysts' consensus estimates of $0.75. The oil and gas company had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a trailing twelve-month return on equity of 21.97% and a net margin of 12.68%. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last 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, April 19th. Stockholders of record on Wednesday, June 5th will be paid a dividend of $0.275 per share on Thursday, July 11th. This represents a $1.10 annualized dividend and a yield of 2.21%. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for SLB
.

Is Schlumberger a good dividend stock?

Schlumberger (NYSE:SLB) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.16%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 25.94% 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 number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.38%), Los Angeles Capital Management LLC (0.07%), AMF Tjanstepension AB (0.06%), Douglas Lane & Associates LLC (0.05%), ST Germain D J Co. Inc. (0.05%) and Ferguson Wellman Capital Management Inc. (0.04%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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.
Read More
This page (NYSE:SLB) was last updated on 4/20/2024 by MarketBeat.com Staff

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