NYSE:SLBSchlumberger Stock Price, Forecast & 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 (WHO). Since then, SLB stock has increased by 15.4% and is now trading at $20.06.
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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."
View analyst ratings for Schlumberger.

Schlumberger is scheduled to release its next quarterly earnings announcement on Friday, October 16th 2020.
View our earnings forecast for Schlumberger.

Schlumberger Limited. (NYSE:SLB) released its quarterly earnings results on Friday, July, 24th. The oil and gas company reported $0.05 EPS for the quarter, topping the Zacks' consensus estimate of ($0.01) by $0.06. The oil and gas company earned $5.34 billion during the quarter, compared to analyst estimates of $5.38 billion. Schlumberger had a negative net margin of 73.90% and a positive return on equity of 8.12%. The firm's revenue was down 35.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS.
View Schlumberger's earnings history.

Schlumberger announced a quarterly dividend on Monday, July 27th. Investors of record on Wednesday, September 2nd will be paid a dividend of $0.125 per share on Thursday, October 8th. This represents a $0.50 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Tuesday, September 1st.
View Schlumberger's dividend history.

24 Wall Street analysts have issued 1 year target prices for Schlumberger's shares. Their forecasts range from $7.00 to $42.00. On average, they anticipate Schlumberger's share price to reach $23.16 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price.
View analysts' price targets for Schlumberger.

News articles about SLB stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Schlumberger earned a media sentiment score of -1.6 on InfoTrie's scale. They also assigned press coverage about the oil and gas company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term.
View the latest news about Schlumberger.

Schlumberger saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 22,410,000 shares, a drop of 19.7% from the June 15th total of 27,910,000 shares. Based on an average trading volume of 16,850,000 shares, the short-interest ratio is currently 1.3 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), Helix Energy Solutions Group (HLX), RPC (RES), Seacor (CKH), Oceaneering International (OII), Era Group (ERA), Oil States International (OIS), Tidewater (TDW), Matrix Service (MTRX), Newpark Resources (NR), Geospace Technologies (GEOS) and Natural Gas Services Group (NGS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Schlumberger investors own include Halliburton (HAL), Intel (INTC), AT&T (T), Exxon Mobil (XOM), Bank of America (BAC), Cisco Systems (CSCO), General Electric (GE), Walt Disney (DIS), JPMorgan Chase & Co. (JPM) and Noble Energy (NBL).

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 investors 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%), Exor Investments UK LLP (0.50%) and FMR LLC (0.43%). Company insiders that own Schlumberger stock include Abdellah Merad, Alexander C Juden, Howard Guild, Mark G Papa, Michael E Marks, 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 purchased by a variety of institutional investors in the last quarter, including Exor Investments UK LLP, FMR LLC, Holocene Advisors LP, APG Asset Management N.V., Bank of Montreal Can, Prudential PLC, Balyasny Asset Management LLC, and Alyeska Investment Group L.P.. Company insiders that have bought Schlumberger stock in the last two years include Mark G Papa, Michael E Marks, 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 $20.06.

Schlumberger has a market capitalization of $27.85 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]