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Top-Rated StocksTop-Rated
NYSE:SLB

Schlumberger (SLB) Stock Forecast, Price & News

$58.30
-2.64 (-4.33%)
(As of 09/29/2023 ET)
Compare
Today's Range
$58.20
▼
$60.84
50-Day Range
$55.99
▼
$62.10
52-Week Range
$35.26
▼
$62.78
Volume
11.28 million shs
Average Volume
9.48 million shs
Market Capitalization
$82.86 billion
P/E Ratio
21.28
Dividend Yield
1.72%
Price Target
$66.93
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

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
0.58mentions of Schlumberger in the last 14 days
Based on 15 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.

2.99 out of 5 stars

Oils/Energy Sector

24th out of 247 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

3rd out of 19 stocks

See Top Rated MarketRank™ Stocks Here

SLB stock logo

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

SLB Stock News Headlines

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.
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 29, 2023 | Legacy Research (Ad)
WARNING: Mandatory U.S. Dollar Recall is Weeks Away
If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.
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.
September 29, 2023 | finance.yahoo.com
Is SLB (SLB) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap
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 29, 2023 | Legacy Research (Ad)
WARNING: Mandatory U.S. Dollar Recall is Weeks Away
If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.
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
September 6, 2023 | finance.yahoo.com
SLB to add $5 bln in revenue this year, sees similar growth in 2024
September 6, 2023 | ca.finance.yahoo.com
SLB to add $5 billion in revenue this year, sees similar growth in 2024
September 5, 2023 | finance.yahoo.com
EVP, Geographies Mogharbel Al Sells 30,000 Shares of SLB
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
9/29/2023
Dividend Payable
10/12/2023
Next Earnings (Confirmed)
10/20/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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
+13.9%
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
21.46
Forward P/E Ratio
19.73
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
2.97
Cash Flow
$3.60 per share
Price / Cash Flow
16.34
Book Value
$12.67 per share
Price / Book
4.64

Miscellaneous

Outstanding Shares
1,421,190,000
Free Float
1,417,917,000
Market Cap
$83.55 billion
Optionable
Optionable
Beta
1.82

Social Links

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Key Executives

  • Mr. Olivier Le Peuch (Age 59)
    CEO & Director
    Comp: $3.71M
  • Mr. Stephane BiguetMr. Stephane Biguet (Age 54)
    Exec. VP & CFO
    Comp: $1.68M
  • Ms. Dianne B. RalstonMs. Dianne B. Ralston (Age 56)
    Chief Legal Officer & Sec.
    Comp: $1.43M
  • Mr. Ashok BelaniMr. 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 MeradMr. Abdellah Merad (Age 49)
    Exec. VP of Core Services & Equipment
    Comp: $1.7M
  • Mr. Howard Guild (Age 51)
    Chief Accounting Officer
  • Mr. Demosthenis PafitisMr. 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 year. 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 target prices for Schlumberger's stock. Their SLB share price forecasts range from $59.00 to $77.00. On average, they anticipate the company's share price to reach $66.93 in the next twelve months. This suggests a possible upside of 13.9% 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 shares have increased by 10.0% and is now trading at $58.79.
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) released its quarterly earnings data on Friday, July, 21st. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.01. The oil and gas company earned $8.10 billion during the quarter, compared to the consensus estimate of $8.20 billion. Schlumberger had a trailing twelve-month return on equity of 21.27% and a net margin of 12.63%. Schlumberger's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the firm posted $0.50 EPS.
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. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.25 per share on Thursday, October 12th. This represents a $1.00 annualized dividend and a yield of 1.70%. The ex-dividend date 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 earnings per share 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 $58.79.

How much money does Schlumberger make?

Schlumberger (NYSE:SLB) has a market capitalization of $83.55 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.
Read More
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 9/29/2023 by MarketBeat.com Staff

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