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NYSE:SLB

Schlumberger Stock Forecast, Price & News

$36.23
-0.74 (-2.00%)
(As of 06/29/2022 03:40 PM ET)
Add
Compare
Today's Range
$35.95
$37.63
50-Day Range
$34.98
$49.57
52-Week Range
$25.90
$49.83
Volume
710,619 shs
Average Volume
15.86 million shs
Market Capitalization
$51.21 billion
P/E Ratio
24.65
Dividend Yield
1.95%
Price Target
$46.85
30 days | 90 days | 365 days | Advanced Chart

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SLB Stock Forecast (MarketRank)

Overall MarketRank

3.53 out of 5 stars

Oils/Energy Sector

2nd out of 391 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

1st out of 32 stocks

Analyst Opinion: 4.5Community Rank: 5.0Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 3.1 5 -4 -3 -2 -1 -
Schlumberger logo

About Schlumberger (NYSE:SLB)

Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems. The company also provides mud logging and engineering support services; drilling equipment and services for shipyards, drilling contractors, energy companies, and rental tool companies; land drilling rigs and related services; drilling tools; well cementing products and services; and well planning and drilling, engineering, supervision, logistics, procurement, contracting, and drilling rig management services, as well as supplies engineered drilling fluid systems; and designs, manufactures, and markets roller cone and fixed cutter drill bits. In addition, it offers well completion services and equipment; artificial lift production equipment and optimization services; valves; process systems; and integrated subsea production systems comprising wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services, as well as designs and manufactures onshore and offshore platform wellhead systems and processing solutions. The company was formerly known as Socie´te´ de Prospection E´lectrique. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.

SLB Stock News Headlines

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Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
80685710
Employees
92,000
Year Founded
1926

Company Calendar

Ex-Dividend for 4/7 Dividend
2/08/2022
Dividend Payable
4/07/2022
Last Earnings
4/22/2022
Ex-Dividend for 7/14 Dividend
5/31/2022
Today
6/29/2022
Dividend Payable
7/14/2022
Next Earnings (Confirmed)
7/22/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$46.85
High Stock Price Forecast
$59.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+29.3%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
17 Analysts

Profitability

Net Income
$1.88 billion
Pretax Margin
11.10%

Debt

Sales & Book Value

Annual Sales
$22.93 billion
Cash Flow
$2.91 per share
Book Value
$10.89 per share

Miscellaneous

Outstanding Shares
1,413,461,000
Free Float
1,409,503,000
Market Cap
$51.21 billion
Optionable
Optionable
Beta
1.90

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Schlumberger Frequently Asked Questions

Should I buy or sell Schlumberger stock right now?

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.
View analyst ratings for Schlumberger
or view top-rated stocks.

What is Schlumberger's stock price forecast for 2022?

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.
View analysts' price targets for Schlumberger
or view top-rated stocks among Wall Street analysts.

How has Schlumberger's stock performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Schlumberger?

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.
View Schlumberger's Short Interest
.

When is Schlumberger's next earnings date?

Schlumberger is scheduled to release its next quarterly earnings announcement on Friday, July 22nd 2022.
View our earnings forecast for Schlumberger
.

How can I listen to Schlumberger's earnings call?

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".

How were Schlumberger's earnings last quarter?

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.
View Schlumberger's earnings history
.

How often does Schlumberger pay dividends? What is the dividend yield for Schlumberger?

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
.

Is Schlumberger a good dividend stock?

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.

Who are Schlumberger's key executives?

Schlumberger's management team includes the following people:
  • Mr. Olivier Le Peuch, CEO & Director (Age 58, Pay $5.49M)
  • Mr. Stephane Biguet, Exec. VP & CFO (Age 53, Pay $2.36M)
  • Mr. Ashok Belani, Sr. Strategic Advisor (Age 63, Pay $2.63M) (LinkedIn Profile)
  • Mr. Khaled Al Mogharbel, Exec. VP of Geographies (Age 51, Pay $2.86M)
  • Mr. Howard Guild, Chief Accounting Officer (Age 50) (LinkedIn Profile)
  • Mr. Demosthenis Pafitis, Chief Technology Officer (Age 54)
  • Mr. Sebastien Lehnherr, Chief Information Officer
  • Mr. Ndubuisi Maduemezia, VP of Investor Relations
  • Ms. Dianne B. Ralston, Chief Legal Officer & Sec. (Age 55) (LinkedIn Profile)
  • Giles Powell, Director of Corp. Communication

What is Olivier Le Peuch's approval rating as Schlumberger's CEO?

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.

What other stocks do shareholders of Schlumberger own?

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).

What is Schlumberger's stock symbol?

Schlumberger trades on the New York Stock Exchange (NYSE) under the ticker symbol "SLB."

Who are Schlumberger's major shareholders?

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
.

Which major investors are selling Schlumberger stock?

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.
View insider buying and selling activity for Schlumberger
or view top insider-selling stocks.

Which major investors are buying Schlumberger stock?

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.
View insider buying and selling activity for Schlumberger
or or view top insider-buying stocks.

How do I buy shares of Schlumberger?

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.
Compare Top Brokerages Here.

What is Schlumberger's stock price today?

One share of SLB stock can currently be purchased for approximately $36.35.

How much money does Schlumberger make?

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.

How many employees does Schlumberger have?

Schlumberger employs 92,000 workers across the globe.

Does Schlumberger have any subsidiaries?

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.
Read More

When was Schlumberger founded?

Schlumberger was founded in 1926.

How can I contact Schlumberger?

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.

This page (NYSE:SLB) was last updated on 6/29/2022 by MarketBeat.com Staff

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