Schlumberger - SLB Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last year. There are currently 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SLB shares.
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18 analysts have issued 1 year target prices for Schlumberger's shares. Their SLB share price forecasts range from $42.00 to $59.00. On average, they predict the company's stock price to reach $47.01 in the next year. This suggests a possible upside of 36.5% 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 the year. Since then, SLB stock has increased by 15.0% and is now trading at $34.44.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 21st 2022.
View our SLB earnings forecast.

Schlumberger will be holding an earnings conference call on Friday, October 21st at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-970-0847 with passcode "1942759".

Schlumberger Limited (NYSE:SLB) released its quarterly earnings data on Friday, July, 22nd. The oil and gas company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.40 by $0.10. The oil and gas company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.28 billion. Schlumberger had a net margin of 10.56% and a trailing twelve-month return on equity of 15.06%. The firm's quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share.
Read the conference call transcript.

Schlumberger declared a quarterly dividend on Thursday, July 21st. Stockholders of record on Wednesday, September 7th will be paid a dividend of $0.175 per share on Thursday, October 13th. This represents a $0.70 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Tuesday, September 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 2.00%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 38.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 25.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLB.

Schlumberger issued an update on its FY 2022 earnings guidance on Friday, July, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $27.00B-, compared to the consensus revenue estimate of $25.71 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 retail and institutional investors. Top institutional investors include State Street Corp (6.34%), FMR LLC (2.31%), Amundi (2.09%), Dodge & Cox (2.07%), Jennison Associates LLC (2.04%) and Artisan Partners Limited Partnership (1.15%). 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, Saul R Laureles, Simon Farrant 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 $34.44.

Schlumberger (NYSE:SLB) has a market capitalization of $48.71 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 $1.84 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.