Schlumberger Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last twelve months. There are currently 1 hold rating, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Schlumberger stock.
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17 brokers have issued 1-year price objectives for Schlumberger's shares. Their SLB stock forecasts range from $42.00 to $59.00. On average, they expect Schlumberger's stock price to reach $46.85 in the next year. This suggests a possible upside of 28.9% from the stock's current price.
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Schlumberger's stock was trading at $29.95 on January 1st, 2022. Since then, SLB shares have increased by 21.4% and is now trading at $36.35.
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Schlumberger saw a increase in short interest in May. As of May 31st, there was short interest totaling 27,300,000 shares, an increase of 32.7% from the May 15th total of 20,580,000 shares. Based on an average trading volume of 14,100,000 shares, the short-interest ratio is presently 1.9 days.
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Schlumberger is scheduled to release its next quarterly earnings announcement on Friday, July 22nd 2022.
View our earnings forecast for Schlumberger.

Schlumberger will be holding an earnings conference call on Friday, July 22nd 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 "9508868".

Schlumberger Limited (NYSE:SLB) posted its quarterly earnings results on Friday, April, 22nd. The oil and gas company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The oil and gas company earned $5.96 billion during the quarter, compared to the consensus estimate of $5.90 billion. Schlumberger had a net margin of 8.84% and a trailing twelve-month return on equity of 14.02%. The business's revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share.
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Schlumberger declared a quarterly dividend on Monday, April 25th. Stockholders of record on Wednesday, June 1st will be given a dividend of $0.175 per share on Thursday, July 14th. This represents a $0.70 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Tuesday, May 31st. This is a boost from Schlumberger's previous quarterly dividend of $0.13.
View Schlumberger's dividend history.

Schlumberger(NYSE:SLB) pays an annual dividend of $0.70 per share and currently has a dividend yield of 1.95%. Schlumberger does not yet have a strong track record of dividend growth. The dividend payout ratio of Schlumberger is 47.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Schlumberger will have a dividend payout ratio of 26.62% next year. This indicates that Schlumberger will be able to sustain or increase its dividend.
View Schlumberger's dividend history.

522 employees have rated Schlumberger CEO Olivier Le Peuch on Glassdoor.com. Olivier Le Peuch has an approval rating of 81% among Schlumberger's employees.

Some companies that are related to Schlumberger include Halliburton (HAL), NOV (NOV), TechnipFMC (FTI), RPC (RES), Oceaneering International (OII), Tidewater (TDW), Dril-Quip (DRQ), TETRA Technologies (TTI), Helix Energy Solutions Group (HLX), Oil States International (OIS), Newpark Resources (NR), Natural Gas Services Group (NGS), Matrix Service (MTRX), Forum Energy Technologies (FET) and Geospace Technologies (GEOS).
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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), 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.59%), State Street Corp (6.48%), GQG Partners LLC (1.98%), First Eagle Investment Management LLC (1.86%), Wellington Management Group LLP (1.71%) and Boston Partners (1.65%). Company insiders that own Schlumberger 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, 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 Loomis Sayles & Co. L P, Harding Loevner LP, UBS Group AG, Exor Capital LLP, Group One Trading L.P., Natixis Advisors L.P., Kiltearn Partners LLP, and Invesco Ltd.. Company insiders that have sold Schlumberger company stock in the last two years include Ashok Belani, Claudia Jaramillo, Dianne B Ralston, Gavin Rennick, Hinda Gharbi, Howard Guild, Katharina Beumelburg, Kevin Fyfe, Limited/Nv Schlumberger, Mogharbel Khaled Al, Pierre Chereque, Saul R Laureles, and Vijay Kasibhatla.
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SLB stock was purchased by a variety of institutional investors in the last quarter, including GQG Partners LLC, Jennison Associates LLC, Wellington Management Group LLP, Carmignac Gestion, Bank of Nova Scotia, 1832 Asset Management L.P., HS Management Partners LLC, and Van ECK Associates Corp. Company insiders that have bought Schlumberger stock in the last two years include Mark G Papa, and Peuch Olivier Le.
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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.
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One share of SLB stock can currently be purchased for approximately $36.35.

Schlumberger (NYSE:SLB) has a market capitalization of $51.38 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 $1.47 on an earnings per share basis.

Schlumberger employs 92,000 workers across the globe.

Schlumberger was founded in 1926.

Schlumberger's mailing address is PARKSTRAAT 83, THE HAGUE P7, 77056. The official website for Schlumberger is www.slb.com. The oil and gas company can be reached via phone at (713) 513-2000, via email at [email protected], or via fax at 713-513-3500.