Schlumberger Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last year. There are currently 1 sell rating, 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Schlumberger stock.
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Wall Street analysts have given Schlumberger a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Schlumberger wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Schlumberger saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 23,310,000 shares, a decline of 26.7% from the June 15th total of 31,780,000 shares. Based on an average trading volume of 12,330,000 shares, the days-to-cover ratio is presently 1.9 days.
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Schlumberger is scheduled to release its next quarterly earnings announcement on Friday, October 15th 2021.
View our earnings forecast for Schlumberger.

Schlumberger Limited (NYSE:SLB) issued its quarterly earnings results on Thursday, July, 22nd. The oil and gas company reported $0.30 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.26 by $0.04. The oil and gas company earned $5.63 billion during the quarter, compared to the consensus estimate of $5.52 billion. Schlumberger had a net margin of 4.72% and a trailing twelve-month return on equity of 9.96%. The company's revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 earnings per share.
View Schlumberger's earnings history.

Schlumberger's stock was trading at $17.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SLB shares have increased by 68.7% and is now trading at $29.32.
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Schlumberger declared a quarterly dividend on Friday, July 23rd. Shareholders of record on Wednesday, September 1st will be paid a dividend of $0.125 per share on Thursday, October 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Tuesday, August 31st.
View Schlumberger's dividend history.

Schlumberger pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.71%. Schlumberger does not yet have a strong track record of dividend growth. The dividend payout ratio of Schlumberger is 73.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Schlumberger will have a dividend payout ratio of 29.76% next year. This indicates that Schlumberger will be able to sustain or increase its dividend.
View Schlumberger's dividend history.

Schlumberger updated its FY 2021 earnings guidance on Tuesday, June, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $22.50 B-, compared to the consensus revenue estimate of $22.53 billion.

17 brokerages have issued 12-month target prices for Schlumberger's shares. Their forecasts range from $18.10 to $40.00. On average, they anticipate Schlumberger's stock price to reach $28.63 in the next year. This suggests that the stock has a possible downside of 2.3%.
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522 employees have rated Schlumberger CEO Olivier Le Peuch on Glassdoor.com. Olivier Le Peuch has an approval rating of 81% among Schlumberger's employees.

Some companies that are related to Schlumberger include Halliburton (HAL), NOV (NOV), TechnipFMC (FTI), Oceaneering International (OII), Dril-Quip (DRQ), RPC (RES), Helix Energy Solutions Group (HLX), Tidewater (TDW), TETRA Technologies (TTI), Oil States International (OIS), Matrix Service (MTRX), Newpark Resources (NR), Natural Gas Services Group (NGS), Forum Energy Technologies (FET) and Geospace Technologies (GEOS).
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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 ST Germain D J Co. Inc. (0.07%), TCW Group Inc. (0.05%), Manning & Napier Group LLC (0.04%), Gofen & Glossberg LLC IL (0.03%), Lathrop Investment Management Corp (0.02%) and Sequent Asset Management LLC (0.02%). Company insiders that own Schlumberger stock include Abdellah Merad, Alexander C Juden, Ashok Belani, Hinda Gharbi, Howard Guild, Kevin Fyfe, Mark G Papa, Mogharbel Khaled Al, Patrick Schorn, Peuch Olivier Le, Rajeev Sonthalia, Saul R Laureles, Simon Farrant and Vijay Kasibhatla.
View institutional ownership trends for Schlumberger.

SLB stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, ST Germain D J Co. Inc., Teamwork Financial Advisors LLC, CHICAGO TRUST Co NA, Anderson Hoagland & Co., Sequent Asset Management LLC, Welch & Forbes LLC, and Howland Capital Management LLC. Company insiders that have sold Schlumberger company stock in the last year include Ashok Belani, Hinda Gharbi, Howard Guild, Kevin Fyfe, and Saul R Laureles.
View insider buying and selling activity for Schlumberger or view top insider-selling stocks.

SLB stock was purchased by a variety of institutional investors in the last quarter, including TCW Group Inc., Hodges Capital Management Inc., Lathrop Investment Management Corp, Golden Green Inc., IFM Investors Pty Ltd, Stratos Wealth Partners LTD., SOL Capital Management CO, and Roth Financial Partners LLC. 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.
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One share of SLB stock can currently be purchased for approximately $29.32.

Schlumberger has a market capitalization of $41.00 billion and generates $23.60 billion in revenue each year. The oil and gas company earns $-10,518,000,000.00 in net income (profit) each year or $0.68 on an earnings per share basis.

Schlumberger employs 105,000 workers across the globe.

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.

Schlumberger was founded in 1926.

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

Schlumberger is headquartered at PARKSTRAAT 83, THE HAGUE P7, 77056.

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]