Schlumberger - SLB Stock Forecast, Price & News

17 Wall Street equities 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 equities research analysts is that investors should "buy" SLB shares.
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17 brokers have issued 1-year target prices for Schlumberger's shares. Their SLB share price forecasts range from $48.00 to $75.00. On average, they anticipate the company's share price to reach $62.38 in the next twelve months. This suggests a possible upside of 34.6% from the stock's current price.
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Schlumberger's stock was trading at $53.46 at the start of the year. Since then, SLB stock has decreased by 13.3% and is now trading at $46.35.
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The company is scheduled to release its next quarterly earnings announcement on Friday, April 28th 2023.
View our SLB earnings forecast.

Schlumberger Limited (NYSE:SLB) issued its quarterly earnings data on Friday, January, 20th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The oil and gas company earned $7.88 billion during the quarter, compared to analyst estimates of $7.80 billion. Schlumberger had a net margin of 12.25% and a trailing twelve-month return on equity of 18.51%. Schlumberger's revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share.
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Schlumberger declared a quarterly dividend on Thursday, January 19th. Investors of record on Wednesday, February 8th will be given a dividend of $0.25 per share on Thursday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Tuesday, February 7th. This is a positive change from the stock's previous quarterly dividend of $0.18.
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), Energy Select Sector SPDR Fund (XLE), Alger 35 ETF (ATFV), Invesco Dynamic Oil & Gas Services ETF (PXJ), Invesco S&P 500 Equal Weight Energy ETF (RYE) and iShares U.S. Energy ETF (IYE).

Schlumberger (NYSE:SLB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.24%. 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 41.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 26.46% 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 First Eagle Investment Management LLC (1.94%), Jennison Associates LLC (1.88%), Geode Capital Management LLC (1.76%), Deutsche Bank AG (1.65%), Fisher Asset Management LLC (1.36%) and Norges Bank (1.33%). Insiders that own company stock include Abdellah Merad, Alexander C Juden, 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, Patrick Schorn, Peuch Olivier Le, Pierre Chereque, Rajeev Sonthalia, Saul R Laureles 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 $46.35.

Schlumberger (NYSE:SLB) has a market capitalization of $66.20 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 $2.40 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.