Schlumberger Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Schlumberger stock.
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Wall Street analysts have given Schlumberger a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Schlumberger wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Schlumberger is scheduled to release its next quarterly earnings announcement on Friday, July 23rd 2021.
View our earnings forecast for Schlumberger.

Schlumberger Limited (NYSE:SLB) issued its earnings results on Thursday, April, 22nd. The oil and gas company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.19 by $0.02. The oil and gas company earned $5.22 billion during the quarter, compared to analyst estimates of $5.09 billion. Schlumberger had a negative net margin of 13.30% and a positive trailing twelve-month return on equity of 7.20%. The firm's quarterly revenue was down 29.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS.
View Schlumberger's earnings history.

Schlumberger's stock was trading at $17.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SLB shares have increased by 100.7% and is now trading at $34.89.
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Schlumberger announced a quarterly dividend on Thursday, April 22nd. Investors of record on Wednesday, June 2nd will be given a dividend of $0.125 per share on Thursday, July 8th. This represents a $0.50 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, June 1st.
View Schlumberger's dividend history.

Schlumberger pays an annual dividend of $0.50 per share and currently has a dividend yield of 1.43%. Schlumberger does not yet have a strong track record of dividend growth. The dividend payout ratio of Schlumberger is 73.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Schlumberger will have a dividend payout ratio of 31.06% next year. This indicates that Schlumberger will be able to sustain or increase its dividend.
View Schlumberger's dividend history.

Schlumberger updated its FY 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $22.50 B-, compared to the consensus revenue estimate of $22.53 billion.

21 analysts have issued 1 year target prices for Schlumberger's shares. Their forecasts range from $18.10 to $38.00. On average, they anticipate Schlumberger's share price to reach $28.19 in the next twelve months. This suggests that the stock has a possible downside of 19.2%.
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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), Oceaneering International (OII), Dril-Quip (DRQ), RPC (RES), Helix Energy Solutions Group (HLX), Tidewater (TDW), TETRA Technologies (TTI), Oil States International (OIS), Newpark Resources (NR), Matrix Service (MTRX), Natural Gas Services Group (NGS), 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), The 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 BlackRock Inc. (7.82%), Loomis Sayles & Co. L P (2.23%), First Eagle Investment Management LLC (1.97%), Capital International Investors (1.87%), Boston Partners (1.69%) and Geode Capital Management LLC (1.58%). Company insiders that own Schlumberger stock include Abdellah Merad, Alexander C Juden, Ashok Belani, Hinda Gharbi, Howard Guild, Kevin Fyfe, Mark G Papa, Mogharbel Khaled Al, Patrick Schorn, Peuch Olivier Le, Rajeev Sonthalia, 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 Artisan Partners Limited Partnership, Price T Rowe Associates Inc. MD, Franklin Resources Inc., Capital International Investors, Barclays PLC, Manning & Napier Group LLC, Sprucegrove Investment Management Ltd., and UBS Asset Management Americas Inc.. Company insiders that have sold Schlumberger company stock in the last year include Ashok Belani, Hinda Gharbi, Howard Guild, Kevin Fyfe, and Saul R Laureles.
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SLB stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Boston Partners, Van ECK Associates Corp, Morgan Stanley, Assenagon Asset Management S.A., Holocene Advisors LP, Dimensional Fund Advisors LP, and Merewether Investment Management LP. Company insiders that have bought Schlumberger stock in the last two years include Mark G Papa, Peuch Olivier Le, Rajeev Sonthalia, and Vijay Kasibhatla.
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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 $34.89.

Schlumberger has a market capitalization of $48.79 billion and generates $23.60 billion in revenue each year. The oil and gas company earns $-10,518,000,000.00 in net income (profit) each year or $0.68 on an earnings per share basis.

Schlumberger employs 105,000 workers across the globe.

The following companies are subsidiares of Schlumberger: Asset Development & Improvement Ltd., CJSC Tyumenpromgeofizika, Cameron, Cameron International Corporation, Cameron Lux I SARL, Convergent Group, Diamould, Dowell Schlumberger Corporation, Eastern Echo Holding, Eurasia Drilling, Extreme Engineering, Fluid Inclusion Technologies, GEDCO, GeoKnowledge AS, Geoservices, Geosystem Srl, Geothermex, Gushor, IES Integrated Exploration Systems, IGEOSS, InnerLogix, Insensys Oil & Gas, KBB Underground Technologies GmbH, M-I SWACO, Merak Projects, Meta Downhole, Nexus Geosciences, Novatek, Odegaard, Omron Oilfield and Marine, OneSubsea SARL, Operational Services, Panther Software, Peak Well Systems, PetroAlliance Services, Reslink, Rock Deformation Research, SPT Group, Saltel Industries, Saxon Energy Services, Schlumberger B.V., Schlumberger Canada Limited, Schlumberger Holdings Corporation, Schlumberger Holdings II Limited, Schlumberger Logelco Inc., Schlumberger Middle East SA., Schlumberger Norge AS, Schlumberger Offshore Services Limited, Schlumberger Oilfield Eastern Ltd., Schlumberger Oilfield Holdings Limited, Schlumberger Oilfield UK Plc, Schlumberger Overseas SA, Schlumberger Plc, Schlumberger SA, Schlumberger Seaco Inc., Schlumberger Technology Corporation, Schlumberger UK Limited, Sema Plc, Sensa, Services Petroliers Schlumberger, Shores Lift Solutions, Smith International, Smith International Inc., Staag Imaging, T&T Engineering Services, Techsia, TerraTek, ThruBit, V.i.P.S, VoxelVision, and Water Management Consultants.

Schlumberger was founded in 1926.

The official website for Schlumberger is www.slb.com.

Schlumberger is headquartered at PARKSTRAAT 83, THE HAGUE P7, 77056.

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]