Schlumberger Stock Forecast, Price & News

Schlumberger's stock was trading at $17.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SLB shares have increased by 39.2% and is now trading at $24.19.
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24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last twelve months. There are currently 3 sell ratings, 7 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Schlumberger stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SLB, but not buy additional shares or sell existing shares.
View analyst ratings for Schlumberger or view MarketBeat's top 5 stock picks.

Wall Street analysts have given Schlumberger a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Schlumberger wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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6,978 employees have rated Schlumberger CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Schlumberger's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Schlumberger is scheduled to release its next quarterly earnings announcement on Friday, January 22nd 2021.
View our earnings forecast for Schlumberger.

Schlumberger Limited (NYSE:SLB) issued its earnings results on Friday, October, 16th. The oil and gas company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.13 by $0.03. The oil and gas company earned $5.26 billion during the quarter, compared to analyst estimates of $5.37 billion. Schlumberger had a negative net margin of 40.15% and a positive return on equity of 7.34%. The business's quarterly revenue was down 38.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share.
View Schlumberger's earnings history.

Schlumberger declared a quarterly dividend on Friday, October 16th. Investors of record on Wednesday, December 2nd will be given a dividend of $0.125 per share on Thursday, January 14th. This represents a $0.50 annualized dividend and a yield of 2.07%. The ex-dividend date is Tuesday, December 1st.
View Schlumberger's dividend history.

Schlumberger pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.97%. Schlumberger does not yet have a strock track record of dividend growth. The dividend payout ratio of Schlumberger is 34.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Schlumberger will have a dividend payout ratio of 62.50% next year. This indicates that Schlumberger will be able to sustain or increase its dividend.
View Schlumberger's dividend history.

24 brokers have issued 12 month price targets for Schlumberger's shares. Their forecasts range from $7.00 to $36.00. On average, they expect Schlumberger's share price to reach $22.07 in the next twelve months. This suggests that the stock has a possible downside of 8.8%.
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Some companies that are related to Schlumberger include Halliburton (HAL), National Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), Oceaneering International (OII), Seacor (CKH), RPC (RES), Helix Energy Solutions Group (HLX), Era Group (ERA), Tidewater (TDW), Matrix Service (MTRX), Oil States International (OIS), Newpark Resources (NR), TETRA Technologies (TTI) and RigNet (RNET).
View all of SLB's competitors.

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), The 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 a number of institutional and retail investors. Top institutional investors include Exor Investments UK LLP (0.56%), Manning & Napier Group LLC (0.20%), Atalanta Sosnoff Capital LLC (0.14%), Douglas Lane & Associates LLC (0.08%), Boston Trust Walden Corp (0.04%) and Gofen & Glossberg LLC IL (0.03%). Company insiders that own Schlumberger stock include Abdellah Merad, Alexander C Juden, Ashok Belani, Howard Guild, Kevin Fyfe, Mark G Papa, Mogharbel Khaled Al, Patrick Schorn, Peuch Olivier Le, Rajeev Sonthalia, Saul R Laureles, Simon Ayat, Simon Farrant, Stephanie Cox and Vijay Kasibhatla.
View institutional ownership trends for Schlumberger.

SLB stock was sold by a variety of institutional investors in the last quarter, including Douglas Lane & Associates LLC, Autus Asset Management LLC, Woodstock Corp, Bridge Creek Capital Management LLC, Greylin Investment Mangement Inc., BTR Capital Management Inc., Pinnacle Financial Partners Inc., and Kestra Advisory Services LLC. Company insiders that have sold Schlumberger company stock in the last year include Abdellah Merad, Alexander C Juden, Ashok Belani, Kevin Fyfe, Patrick Schorn, and Saul R Laureles.
View insider buying and selling activity for Schlumberger or view top insider-selling stocks.

SLB stock was acquired by a variety of institutional investors in the last quarter, including Atalanta Sosnoff Capital LLC, Exor Investments UK LLP, Boston Trust Walden Corp, Pacer Advisors Inc., Rockland Trust Co., Founders Capital Management, IFM Investors Pty Ltd, and Louisiana State Employees Retirement System. Company insiders that have bought Schlumberger stock in the last two years include Mark G Papa, Peuch Olivier Le, Rajeev Sonthalia, and Vijay Kasibhatla.
View insider buying and selling activity for Schlumberger or or view top insider-buying stocks.

Shares of SLB 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.

One share of SLB stock can currently be purchased for approximately $24.19.

Schlumberger has a market capitalization of $33.67 billion and generates $32.92 billion in revenue each year. The oil and gas company earns $-10,137,000,000.00 in net income (profit) each year or $1.47 on an earnings per share basis. Schlumberger employs 82,000 workers across the globe.

The official website for Schlumberger is www.slb.com.

Schlumberger's mailing address is PARKSTRAAT 83, THE HAGUE P7, 77056. The oil and gas company can be reached via phone at 713-513-2000 or via email at [email protected]