Schlumberger - SLB Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last year. There are currently 19 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SLB shares.
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19 brokers have issued 12 month price objectives for Schlumberger's shares. Their SLB share price forecasts range from $43.00 to $69.00. On average, they anticipate the company's share price to reach $54.37 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price.
View analysts price targets for SLB or view top-rated stocks among Wall Street analysts.

Schlumberger's stock was trading at $29.95 at the beginning of 2022. Since then, SLB shares have increased by 69.7% and is now trading at $50.83.
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The company is scheduled to release its next quarterly earnings announcement on Friday, January 20th 2023.
View our SLB earnings forecast.

Schlumberger Limited (NYSE:SLB) released its quarterly earnings results on Friday, October, 21st. The oil and gas company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.08. The oil and gas company had revenue of $7.48 billion for the quarter, compared to analyst estimates of $7.10 billion. Schlumberger had a net margin of 11.26% and a trailing twelve-month return on equity of 16.58%. The company's revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.36 earnings per share.
Read the conference call transcript.

Schlumberger announced a quarterly dividend on Thursday, October 20th. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.175 per share on Thursday, January 12th. This represents a $0.70 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, December 6th.
Read our dividend analysis for SLB.

Schlumberger (NYSE:SLB) pays an annual dividend of $0.70 per share and currently has a dividend yield of 1.38%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 23.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLB.

Schlumberger updated its FY 2022 earnings guidance on Monday, October, 31st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $27.00B-, compared to the consensus revenue estimate of $27.69 billion.

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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.69%), BlackRock Inc. (7.57%), State Street Corp (6.43%), Jennison Associates LLC (1.77%), Boston Partners (1.68%) and Fisher Asset Management LLC (1.34%). 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.
View institutional ownership trends.

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 $50.83.

Schlumberger (NYSE:SLB) has a market capitalization of $72.08 billion and generates $22.93 billion in revenue each year. The oil and gas company earns $1.88 billion in net income (profit) each year or $2.08 on an earnings per share basis.

The company employs 92,000 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.