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 stock has decreased by 4.4% and is now trading at $16.61.
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24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last year. There are currently 3 sell ratings, 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Schlumberger is scheduled to release its next quarterly earnings announcement on Friday, October 16th 2020.
View our earnings forecast for Schlumberger.

Schlumberger will be holding an earnings conference call on Friday, October 16th 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) posted its earnings results on Friday, July, 24th. The oil and gas company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. The oil and gas company earned $5.34 billion during the quarter, compared to the consensus estimate of $5.38 billion. Schlumberger had a positive return on equity of 8.12% and a negative net margin of 73.90%. The firm's revenue for the quarter was down 35.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share.
View Schlumberger's earnings history.

Schlumberger declared a quarterly dividend on Monday, July 27th. Investors of record on Wednesday, September 2nd will be given a dividend of $0.125 per share on Thursday, October 8th. This represents a $0.50 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Tuesday, September 1st.
View Schlumberger's dividend history.

24 brokerages have issued twelve-month target prices for Schlumberger's shares. Their forecasts range from $7.00 to $42.00. On average, they anticipate Schlumberger's stock price to reach $23.16 in the next year. This suggests a possible upside of 39.4% from the stock's current price.
View analysts' price targets for Schlumberger.

Schlumberger saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 18,830,000 shares, a decline of 14.3% from the July 30th total of 21,980,000 shares. Based on an average daily trading volume, of 13,420,000 shares, the days-to-cover ratio is presently 1.4 days.
View Schlumberger's Short Interest.

Some companies that are related to Schlumberger include Halliburton (HAL), National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), Seacor (CKH), RPC (RES), Era Group (ERA), Helix Energy Solutions Group (HLX), Oceaneering International (OII), Tidewater (TDW), Matrix Service (MTRX), Oil States International (OIS), Newpark Resources (NR), Natural Gas Services Group (NGS) and RigNet (RNET).
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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), Cisco Systems (CSCO), Bank of America (BAC), General Electric (GE), JPMorgan Chase & Co. (JPM), Walt Disney (DIS) and Chevron (CVX).

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. (8.61%), First Eagle Investment Management LLC (2.46%), Fisher Asset Management LLC (0.96%), Bank of New York Mellon Corp (0.89%), Charles Schwab Investment Management Inc. (0.61%) and Exor Investments UK LLP (0.50%). Company insiders that own Schlumberger stock include Abdellah Merad, Alexander C Juden, Howard Guild, 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 Cooke & Bieler LP, International Value Advisers LLC, Public Employees Retirement Association of Colorado, Vanguard Group Inc., Holowesko Partners Ltd., Federated Hermes Inc., Trexquant Investment LP, and State of Tennessee Treasury Department. Company insiders that have sold Schlumberger company stock in the last year include Abdellah Merad, Alexander C Juden, Howard Guild, Mogharbel Khaled Al, Patrick Schorn, Saul R Laureles, and Simon Farrant.
View insider buying and selling activity for Schlumberger.

SLB stock was bought by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Exor Investments UK LLP, FMR LLC, Holocene Advisors LP, APG Asset Management N.V., Bank of Montreal Can, Neuberger Berman Group LLC, and Prudential PLC. Company insiders that have bought Schlumberger stock in the last two years include Mark G Papa, Patrick Schorn, Peuch Olivier Le, Rajeev Sonthalia, and Vijay Kasibhatla.
View insider buying and selling activity for Schlumberger.

Shares of SLB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SLB stock can currently be purchased for approximately $16.61.

Schlumberger has a market capitalization of $23.06 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 105,000 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]