Schlumberger - SLB Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last year. There are currently 1 hold rating and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SLB shares.
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17 equities research analysts have issued 1 year price targets for Schlumberger's stock. Their SLB share price forecasts range from $48.00 to $75.00. On average, they expect the company's stock price to reach $62.38 in the next year. This suggests a possible upside of 28.3% from the stock's current price.
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Schlumberger's stock was trading at $53.46 at the beginning of the year. Since then, SLB shares have decreased by 9.1% and is now trading at $48.61.
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The company is scheduled to release its next quarterly earnings announcement on Friday, April 21st 2023.
View our SLB earnings forecast.

Schlumberger will be holding an earnings conference call on Friday, April 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 "1502942".

Schlumberger Limited (NYSE:SLB) announced its quarterly earnings results on Friday, January, 20th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.02. The oil and gas company earned $7.88 billion during the quarter, compared to analyst estimates of $7.80 billion. Schlumberger had a net margin of 12.25% and a trailing twelve-month return on equity of 18.51%. Schlumberger's quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share.
Read the conference call transcript.

Schlumberger declared a quarterly dividend on Thursday, January 19th. Shareholders of record on Wednesday, February 8th will be paid a dividend of $0.25 per share on Thursday, April 6th. This represents a $1.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, February 7th. This is an increase from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for SLB.

ETFs with the largest weight of Schlumberger (NYSE:SLB) stock in their portfolio include iShares U.S. Oil Equipment & Services ETF (IEZ), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG), Energy Select Sector SPDR Fund (XLE), Alger 35 ETF (ATFV), Invesco Dynamic Oil & Gas Services ETF (PXJ), Invesco S&P 500 Equal Weight Energy ETF (RYE) and iShares U.S. Energy ETF (IYE).

Schlumberger (NYSE:SLB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.24%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 26.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLB.

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 institutional and retail investors. Top institutional shareholders include First Eagle Investment Management LLC (1.94%), Jennison Associates LLC (1.88%), Geode Capital Management LLC (1.76%), Deutsche Bank AG (1.65%), Fisher Asset Management LLC (1.36%) and Norges Bank (1.33%). 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 and Vijay Kasibhatla.
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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 $48.61.

Schlumberger (NYSE:SLB) has a market capitalization of $69.42 billion and generates $28.09 billion in revenue each year. The oil and gas company earns $3.44 billion in net income (profit) each year or $2.40 on an earnings per share basis.

The company employs 99,000 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.