Schlumberger Stock Forecast, Price & News

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 43.3% and is now trading at $24.91.
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24 Wall Street 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 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.
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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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Schlumberger is scheduled to release its next quarterly earnings announcement on Friday, January 22nd 2021.
View our earnings forecast for Schlumberger.

Schlumberger will be holding an earnings conference call on Friday, January 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Schlumberger Limited (NYSE:SLB) released its quarterly earnings results on Friday, October, 16th. The oil and gas company reported $0.16 earnings per share for the quarter, beating the Zacks' 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% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS.
View Schlumberger's earnings history.

Schlumberger declared a quarterly dividend on Friday, October 16th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend 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 2.01%. 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 64.94% next year. This indicates that Schlumberger will be able to sustain or increase its dividend.
View Schlumberger's dividend history.

24 analysts have issued 12-month price objectives for Schlumberger's stock. Their forecasts range from $7.00 to $36.00. On average, they anticipate Schlumberger's share price to reach $22.07 in the next year. This suggests that the stock has a possible downside of 11.4%.
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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), Oil States International (OIS), Matrix Service (MTRX), 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 retail and institutional investors. Top institutional shareholders include Atalanta Sosnoff Capital LLC (0.14%), Douglas Lane & Associates LLC (0.08%), Boston Trust Walden Corp (0.04%), Gofen & Glossberg LLC IL (0.03%), Rockland Trust Co. (0.03%) and Park National Corp OH (0.02%). 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, Woodstock Corp, Greylin Investment Mangement Inc., BTR Capital Management Inc., Pinnacle Financial Partners Inc., Raymond James Trust N.A., Endurance Wealth Management Inc., and Enterprise Trust & Investment Co. 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.
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SLB stock was acquired by a variety of institutional investors in the last quarter, including Atalanta Sosnoff Capital LLC, Boston Trust Walden Corp, Rockland Trust Co., Founders Capital Management, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, Wedge Capital Management L L P NC, and Cypress Capital Group. 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 $24.91.

Schlumberger has a market capitalization of $34.68 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]