Schlumberger Stock Forecast, Price & News

Schlumberger's stock was trading at $17.38 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SLB stock has decreased by 14.0% and is now trading at $14.94.
View which stocks have been most impacted by COVID-19.

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Schlumberger in the last year. There are currently 3 sell ratings, 8 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Schlumberger.

Schlumberger is scheduled to release its next quarterly earnings announcement on Friday, January 15th 2021.
View our earnings forecast for Schlumberger.

Schlumberger Limited (NYSE:SLB) posted its earnings results on Friday, October, 16th. The oil and gas company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The oil and gas company earned $5.26 billion during the quarter, compared to the consensus estimate of $5.37 billion. Schlumberger had a positive return on equity of 7.34% and a negative net margin of 40.15%. The firm's revenue for the quarter was down 38.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share.
View Schlumberger's earnings history.

Schlumberger declared a quarterly dividend on Friday, October 16th. Investors of record on Wednesday, December 2nd will be given a dividend of $0.125 per share on Thursday, January 14th. This represents a $0.50 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, December 1st.
View Schlumberger's dividend history.

27 brokerages have issued twelve-month target prices for Schlumberger's shares. Their forecasts range from $7.00 to $42.00. On average, they anticipate Schlumberger's stock price to reach $23.03 in the next year. This suggests a possible upside of 54.1% from the stock's current price.
View analysts' price targets for Schlumberger.

Schlumberger saw a decline in short interest in the month of October. As of October 15th, there was short interest totaling 17,840,000 shares, a decline of 15.7% from the September 30th total of 21,170,000 shares. Based on an average daily trading volume, of 13,030,000 shares, the days-to-cover ratio is presently 1.4 days.
View Schlumberger's Short Interest.

Some companies that are related to Schlumberger include Halliburton (HAL), National Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), Seacor (CKH), RPC (RES), Era Group (ERA), Oceaneering International (OII), Helix Energy Solutions Group (HLX), Tidewater (TDW), Matrix Service (MTRX), Oil States International (OIS), Natural Gas Services Group (NGS), RigNet (RNET) and Geospace Technologies (GEOS).
View all competitors.

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 Exor Investments UK LLP (0.51%), Assenagon Asset Management S.A. (0.22%), Manning & Napier Group LLC (0.20%), Robeco Institutional Asset Management B.V. (0.14%), Standard Life Aberdeen plc (0.12%) and Douglas Lane & Associates LLC (0.09%). Company insiders that own Schlumberger stock include Abdellah Merad, Alexander C Juden, Howard Guild, Mark G Papa, Mogharbel Khaled Al, Patrick Schorn, Peuch Olivier Le, Rajeev Sonthalia, Saul R Laureles, Simon Ayat, 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 Kornitzer Capital Management Inc. KS, CIBC Private Wealth Group LLC, Standard Life Aberdeen plc, Goelzer Investment Management Inc., Highland Capital Management LLC, Greylin Investment Mangement Inc., Pinnacle Financial Partners Inc., and State of New Jersey Common Pension Fund D. Company insiders that have sold Schlumberger company stock in the last year include Abdellah Merad, Alexander C Juden, Howard Guild, Mogharbel Khaled Al, Patrick Schorn, and Saul R Laureles.
View insider buying and selling activity for Schlumberger.

SLB stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Robeco Institutional Asset Management B.V., Envestnet Asset Management Inc., Villere ST Denis J & Co. LLC, Douglas Lane & Associates LLC, Wakefield Asset Management LLLP, Exor Investments UK LLP, and Manning & Napier Group LLC. Company insiders that have bought Schlumberger stock in the last two years include Mark G Papa, Patrick Schorn, Peuch Olivier Le, Rajeev Sonthalia, and Vijay Kasibhatla.
View insider buying and selling activity for Schlumberger.

Shares of SLB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SLB stock can currently be purchased for approximately $14.94.

Schlumberger has a market capitalization of $20.80 billion and generates $32.92 billion in revenue each year. The oil and gas company earns $-10,137,000,000.00 in net income (profit) each year or $1.47 on an earnings per share basis. Schlumberger employs 82,000 workers across the globe.

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

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]