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NYSE:SLB

Schlumberger - SLB Stock Forecast, Price & News

$37.12
-0.01 (-0.03%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$36.61
$37.57
50-Day Range
$31.33
$47.21
52-Week Range
$25.92
$49.83
Volume
12.83 million shs
Average Volume
14.83 million shs
Market Capitalization
$52.50 billion
P/E Ratio
20.17
Dividend Yield
1.89%
Price Target
$47.01

Schlumberger MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
26.6% Upside
$47.01 Price Target
Short Interest
Healthy
1.64% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.82
Upright™ Environmental Score
News Sentiment
0.06mentions of Schlumberger in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$205.22 M Sold Last Quarter
Proj. Earnings Growth
36.63%
From $2.02 to $2.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.58 out of 5 stars

Oils/Energy Sector

1st out of 251 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

1st out of 23 stocks

SLB stock logo

About Schlumberger (NYSE:SLB) Stock

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.

Analysts Set New Price Targets

Several brokerages have commented on SLB. Cowen boosted their target price on shares of Schlumberger from $47.00 to $49.00 and gave the stock an "outperform" rating in a research report on Monday, July 25th. HSBC upgraded shares of Schlumberger from a "hold" rating to a "buy" rating and upped their target price for the company from $4.60 to $44.20 in a report on Wednesday, April 27th. StockNews.com downgraded shares of Schlumberger from a "buy" rating to a "hold" rating in a research note on Thursday, August 11th. Barclays upped their price objective on shares of Schlumberger from $55.00 to $59.00 and gave the company an "overweight" rating in a research note on Wednesday, June 8th. Finally, Benchmark raised shares of Schlumberger from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a research report on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $47.01.

Schlumberger Trading Up 4.9 %

SLB Stock opened at $37.13 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.35 and a quick ratio of 0.98. The company has a fifty day moving average price of $35.96 and a two-hundred day moving average price of $39.67. Schlumberger has a one year low of $25.90 and a one year high of $49.83. The stock has a market cap of $52.52 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 0.45 and a beta of 1.86.

Schlumberger (NYSE:SLB - Get Rating) last posted its earnings results on Friday, July 22nd. The oil and gas company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.10. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.28 billion. Schlumberger had a return on equity of 15.06% and a net margin of 10.56%. The company's revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share. Equities analysts anticipate that Schlumberger will post 2.02 EPS for the current year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.89%. The ex-dividend date is Tuesday, September 6th. Schlumberger's payout ratio is 38.04%.

Insiders Place Their Bets

In other Schlumberger news, major shareholder Limited/Nv Schlumberger sold 12,032,500 shares of the business's stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $17.00, for a total transaction of $204,552,500.00. Following the completion of the transaction, the insider now owns 23,069,461 shares of the company's stock, valued at $392,180,837. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Limited/Nv Schlumberger sold 12,032,500 shares of the business's stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $17.00, for a total transaction of $204,552,500.00. Following the sale, the insider now directly owns 23,069,461 shares in the company, valued at $392,180,837. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gavin Rennick sold 10,759 shares of the business's stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $46.70, for a total value of $502,445.30. Following the sale, the insider now owns 38,044 shares in the company, valued at $1,776,654.80. The disclosure for this sale can be found here. Insiders own 0.28% of the company's stock.

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SLB Stock News Headlines

Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce (SLB)
Energy stocks Schlumberger and much-smallerTransocean boast double-digit price gains, part of the energy sector’s leadership. Both gapped higher after earnings.
Schlumberger: Another Reason To Bet On An Oil-Services Rebound
If results from Baker Hughes (NYSE: BKR) and Haliburton (NYSE: HAL) weren’t enough to convince you of a rebound in the oil services sector Schlumberger (NYSE: SLB) has given us some more evidence. The company reported a solid quarter driven by strength in all regions and segments due to an increase in investment in the oil industry.
The Coming Copper Bull Run
Copper prices have nearly doubled since last year -- driven by the explosive growth in electric vehicles and soaring demand for green-powered electricity. But copper demand far outpaces supply. Multinational investment banks are predicting a 50% to 100% rise in copper prices by 2025. And this "backdoor" play may be a move to consider.
This Is A Turning Point For Baker Hughes Stock (SLB)
Shares of Baker Hughes (NYSE: BKR) fell roughly 5.0% in the wake of the Q2 results but we are viewing the drop as a buying opportunity that could be worth 40% or more over the next few quarters. The company missed the top and bottom line estimates which is not something we like to see.
Is Trending Stock Schlumberger Limited (SLB) a Buy Now?
The Coming Copper Bull Run
Copper prices have nearly doubled since last year -- driven by the explosive growth in electric vehicles and soaring demand for green-powered electricity. But copper demand far outpaces supply. Multinational investment banks are predicting a 50% to 100% rise in copper prices by 2025. And this "backdoor" play may be a move to consider.
StockNews.com Downgrades Schlumberger (NYSE:SLB) to Hold
Schlumberger (NYSE:SLB) Downgraded by StockNews.com to "Hold"
SLB September 23rd Options Begin Trading
Schlumberger (NYSE:SLB) Upgraded at Benchmark
Cowen Boosts Schlumberger (NYSE:SLB) Price Target to $49.00
See More Headlines
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SLB Company Calendar

Ex-Dividend for 7/14 Dividend
5/31/2022
Dividend Payable
7/14/2022
Last Earnings
7/22/2022
Today
8/19/2022
Ex-Dividend for 10/13 Dividend
9/06/2022
Dividend Payable
10/13/2022
Next Earnings (Estimated)
10/28/2022
Fiscal Year End
12/31/2022

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

Price Target and Rating

Average Stock Price Forecast
$47.01
High Stock Price Forecast
$59.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+26.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
18 Analysts

Profitability

Net Income
$1.88 billion
Pretax Margin
13.05%

Debt

Sales & Book Value

Annual Sales
$22.93 billion
Cash Flow
$2.95 per share
Book Value
$11.75 per share

Miscellaneous

Outstanding Shares
1,414,388,000
Free Float
1,410,428,000
Market Cap
$52.50 billion
Optionable
Optionable
Beta
1.86

Social Links


Key Executives

  • Mr. Olivier Le Peuch (Age 58)
    CEO & Director
    Comp: $5.49M
  • Mr. Stephane BiguetMr. Stephane Biguet (Age 53)
    Exec. VP & CFO
    Comp: $2.36M
  • Mr. Ashok BelaniMr. Ashok Belani (Age 63)
    Sr. Strategic Advisor
    Comp: $2.63M
  • Mr. Khaled Al Mogharbel (Age 51)
    Exec. VP of Geographies
    Comp: $2.86M
  • Mr. Howard Guild (Age 50)
    Chief Accounting Officer
  • Mr. Demosthenis Pafitis (Age 54)
    Chief Technology Officer
  • Mr. Sebastien Lehnherr
    Chief Information Officer
  • Mr. Ndubuisi Maduemezia
    VP of Investor Relations
  • Ms. Dianne B. RalstonMs. Dianne B. Ralston (Age 55)
    Chief Legal Officer & Sec.
  • Giles Powell
    Director of Corp. Communication













SLB Stock - Frequently Asked Questions

Should I buy or sell Schlumberger stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last year. There are currently 18 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SLB shares.
View SLB analyst ratings
or view top-rated stocks.

What is Schlumberger's stock price forecast for 2022?

18 brokerages have issued 1 year price objectives for Schlumberger's stock. Their SLB share price forecasts range from $42.00 to $59.00. On average, they expect the company's stock price to reach $47.01 in the next year. This suggests a possible upside of 26.6% from the stock's current price.
View analysts price targets for SLB
or view top-rated stocks among Wall Street analysts.

How have SLB shares performed in 2022?

Schlumberger's stock was trading at $29.95 on January 1st, 2022. Since then, SLB stock has increased by 23.9% and is now trading at $37.12.
View the best growth stocks for 2022 here
.

When is Schlumberger's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, October 28th 2022.
View our SLB earnings forecast
.

How were Schlumberger's earnings last quarter?

Schlumberger Limited (NYSE:SLB) released its quarterly earnings results on Friday, July, 22nd. The oil and gas company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.10. The oil and gas company earned $6.77 billion during the quarter, compared to analysts' expectations of $6.28 billion. Schlumberger had a trailing twelve-month return on equity of 15.06% and a net margin of 10.56%. The company's revenue for the quarter was up 20.2% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share.
Read the conference call transcript
.

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

Schlumberger declared a quarterly dividend on Thursday, July 21st. Investors of record on Wednesday, September 7th will be given a dividend of $0.175 per share on Thursday, October 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, September 6th.
Read our dividend analysis for SLB
.

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 1.89%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 38.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 25.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLB.

What guidance has Schlumberger issued on next quarter's earnings?

Schlumberger issued an update on its FY 2022 earnings guidance on Friday, July, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $27.00B-, compared to the consensus revenue estimate of $25.71 billion.

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

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.

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 many different institutional and retail investors. Top institutional investors include State Street Corp (6.34%), FMR LLC (2.31%), Dodge & Cox (2.07%), Jennison Associates LLC (2.04%), Artisan Partners Limited Partnership (1.15%) and Northern Trust Corp (1.07%). 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, Saul R Laureles, Simon Farrant and Vijay Kasibhatla.
View institutional ownership trends
.

How do I buy shares of Schlumberger?

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.
Compare Top Brokerages Here.

What is Schlumberger's stock price today?

One share of SLB stock can currently be purchased for approximately $37.12.

How much money does Schlumberger make?

Schlumberger (NYSE:SLB) has a market capitalization of $52.50 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 $1.84 on an earnings per share basis.

How many employees does Schlumberger have?

The company 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 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.

This page (NYSE:SLB) was last updated on 8/19/2022 by MarketBeat.com Staff

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