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NYSE:SLB

Schlumberger - SLB Stock Forecast, Price & News

$56.98
+0.64 (+1.14%)
(As of 01/31/2023 05:08 PM ET)
Add
Compare
Today's Range
$55.98
$57.44
50-Day Range
$46.97
$58.46
52-Week Range
$30.65
$62.78
Volume
5.94 million shs
Average Volume
9.91 million shs
Market Capitalization
$80.92 billion
P/E Ratio
23.74
Dividend Yield
1.23%
Price Target
$62.38

Schlumberger MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.94 Rating Score
Upside/​Downside
10.1% Upside
$62.38 Price Target
Short Interest
Healthy
1.52% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.42
Upright™ Environmental Score
News Sentiment
0.11mentions of Schlumberger in the last 14 days
Based on 42 Articles This Week
Insider Trading
Selling Shares
$19.72 M Sold Last Quarter
Proj. Earnings Growth
25.50%
From $3.02 to $3.79 Per Share

Overall MarketRank

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

3.04 out of 5 stars

Oils/Energy Sector

13th out of 246 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

3rd out of 23 stocks


SLB stock logo

About Schlumberger (NYSE:SLB) Stock

Schlumberger Limited is the world's largest oilfield services company and offshore oil well driller. It was founded in 1926 as Société de Prospection Électrique and has grown exponentially. Today, Schlumberger operates as a holding company providing oilfield and related services through a network of subsidiaries. It is a member of the Forbes Fortune 500, it has offices in four major cities, including Houston, Paris and London, and trades on the New York Stock Exchange, the London Stock Exchange, the Euronext Paris and the Swiss SIX Exchange.

The Société de Prospection Électrique began life in 1926, founded by two brothers, Conrad and Marcel Schlumberger. The two leveraged their experience in geophysical surveys to provide services to the rapidly growing crude oil industry. The first services were well electrical mapping, including an oil well site's first-ever electrical resistivity test. The electrical resistivity test measures the flow of current in a borehole and can assess the potential for crude oil and other carbon-based energy sources. It is still widely used to this day.

The company saw intense demand and rapid expansion right from the start. The company drilled its first well in the U.S. by 1929. By 1934, it operated in the U.S. as Schlumberger Well Surveying Corporation. During the 1940s, the company founded its first research center dedicated to advancing the search for and use of hydrocarbons and petroleum. During the 1960s, it formed a partnership with Dow Chemicals that resulted in Dowell Schlumberger, one of the company's many subsidiaries, and an acquisition age began.

Since then, the company has made dozens of acquisitions that expanded the services offered and deepened the penetration of existing markets. Now, Schlumberger provides worldwide services, equipment and technology for the energy industry.

Schlumberger operates in four divisions: digital and integration, reservoir performance, well construction and production systems. The company's offerings include but are not limited to software, IT management and infrastructure, enterprise data management, oilfield testing and consultation, development planning, drilling, well service and management, reservoir monitoring and drilling equipment and machinery. The company is a leader in offshore drilling and can be trusted to map and plan operations and drill and manage drilling rigs.

Among the company's many goals is to advance the decarbonization of global energy systems through technology. Two areas of advancement include emissions and efficiency. Greater than 50% of the energy industries' carbon dioxide emissions occur through leaks and venting, so there is a real need for the technology. The company also engages in carbon sequestration and reducing methane emissions.

Total revenue for Schlumberger topped $28 billion in 2022. The company employs about 85,000 people worldwide and operates in more than 120 countries, including 70 regional manufacturing centers.

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SLB Stock News Headlines

Schlumberger Ltd. and the SLB Dividend: What to Know
Does Oil Services Firm NOV Have Enough Energy To Maintain Rally? (SLB)
The energy boom is back, and oil-and-gas industry supplier NOV is capitalizing on the uptrend. The stock's January performance outpaced the broader industry.
Elon Musk Claims Solar Will Soon Power the World
The world's wealthiest person -- Elon Musk -- is a visionary investor. And he fully expects solar power to be our #1 energy source within a few decades. Utility-scale solar is already becoming the cheapest option for electricity generation globally. So with the push toward clean, renewable energy, it's no wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Will Halliburton And The Oil Field Supercycle Reach New Highs? (SLB)
Halliburton is getting upgraded ahead of its Q4 earnings and the expectations are high that business will accelerate in 2023.
Will Oil Stocks Once Again Lead The Market As Inflation Eases? (SLB)
Better-than-expected inflation data, and optimism about China, sent oil stocks higher Thursday. The S&P large-cap energy sector was the biggest gainer.
3 Energy Stock Winners With More in the Tank (SLB)
Throwing darts at a board of energy stocks was an effective strategy last year, but more careful energy stock selection will be in order in 2023.
Oil Services ETFs in Focus on Strong Q4 Earnings
Elon Musk Claims Solar Will Soon Power the World
The world's wealthiest person -- Elon Musk -- is a visionary investor. And he fully expects solar power to be our #1 energy source within a few decades. Utility-scale solar is already becoming the cheapest option for electricity generation globally. So with the push toward clean, renewable energy, it's no wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
Barclays Boosts Schlumberger (NYSE:SLB) Price Target to $74.00
Analysts Set Schlumberger Limited (NYSE:SLB) PT at $57.52
Schlumberger (NYSE:SLB) Downgraded to "Hold" at StockNews.com
Oilfield Firms See Highest Profit In Nearly A Decade
2 Sector ETFs to Keep an Eye on in 2023
Schlumberger (NYSE:SLB) PT Raised to $67.00 at Citigroup
5 big dividend moves weekly: Schlumberger hikes by 43%
Schlumberger (NYSE:SLB) Price Target Raised to $68.00
See More Headlines
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SLB Company Calendar

Ex-Dividend for 1/12 Dividend
12/06/2022
Dividend Payable
1/12/2023
Last Earnings
1/20/2023
Today
1/31/2023
Next Earnings (Estimated)
4/28/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
80685710
Employees
99,000
Year Founded
1926

Price Target and Rating

Average Stock Price Forecast
$62.38
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+9.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
17 Analysts

Profitability

Net Income
$3.44 billion
Pretax Margin
15.20%

Debt

Sales & Book Value

Annual Sales
$28.09 billion
Cash Flow
$3.72 per share
Book Value
$12.67 per share

Miscellaneous

Outstanding Shares
1,420,190,000
Free Float
1,416,212,000
Market Cap
$80.92 billion
Optionable
Optionable
Beta
1.79

Social Links


Key Executives

  • Olivier Le Peuch
    Chief Executive Officer & Director
  • Stephane BiguetStephane Biguet
    Chief Financial Officer & Executive Vice President
  • Demosthenis Pafitis
    Chief Technology Officer
  • Pierre CherequePierre Chereque
    Vice President & Director-Taxes
  • Claudia JaramilloClaudia Jaramillo
    Treasurer & Vice President













SLB Stock - Frequently Asked Questions

Should I buy or sell Schlumberger stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last twelve months. 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.
View SLB analyst ratings
or view top-rated stocks.

What is Schlumberger's stock price forecast for 2023?

17 Wall Street analysts have issued 1 year target prices for Schlumberger's stock. Their SLB share price forecasts range from $48.00 to $75.00. On average, they expect the company's share price to reach $62.38 in the next year. This suggests a possible upside of 10.7% 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 2023?

Schlumberger's stock was trading at $53.46 on January 1st, 2023. Since then, SLB stock has increased by 5.4% and is now trading at $56.34.
View the best growth stocks for 2023 here
.

When is Schlumberger's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 28th 2023.
View our SLB earnings forecast
.

How were Schlumberger's earnings last quarter?

Schlumberger Limited (NYSE:SLB) announced its earnings results on Friday, January, 20th. The oil and gas company reported $0.71 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 revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 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, January 19th. Shareholders of record on Wednesday, February 8th will be given a dividend of $0.25 per share on Thursday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Tuesday, February 7th. This is a boost from the stock's previous quarterly dividend of $0.18.
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 1.23%. 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 29.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 18.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLB.

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 a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.49%), New York State Common Retirement Fund (0.27%), New York State Teachers Retirement System (0.10%), Strs Ohio (0.09%), Boston Trust Walden Corp (0.08%) and Fifth Third Bancorp (0.07%). 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 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 $56.34.

How much money does Schlumberger make?

Schlumberger (NYSE:SLB) has a market capitalization of $80.01 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.

How many employees does Schlumberger have?

The company employs 99,000 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.
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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 1/31/2023 by MarketBeat.com Staff