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Schlumberger (SLB) Stock Price, News & Analysis

$46.54
+0.29 (+0.63%)
(As of 05/28/2024 ET)
Today's Range
$46.32
$47.23
50-Day Range
$46.24
$55.21
52-Week Range
$42.73
$62.12
Volume
10.38 million shs
Average Volume
10.66 million shs
Market Capitalization
$66.51 billion
P/E Ratio
15.46
Dividend Yield
2.36%
Price Target
$68.72

Schlumberger MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.94 Rating Score
Upside/​Downside
47.7% Upside
$68.72 Price Target
Short Interest
Healthy
1.97% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.23
Upright™ Environmental Score
News Sentiment
0.86mentions of Schlumberger in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$4.88 M Sold Last Quarter
Proj. Earnings Growth
20.51%
From $3.51 to $4.23 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

5.00 out of 5 stars

Oils/Energy Sector

2nd out of 238 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

2nd out of 18 stocks

SLB stock logo

About Schlumberger Stock (NYSE:SLB)

Schlumberger is an international oilfield services company with facilities in many countries worldwide. Founded in 1926 in Paris, France, by brothers Conrad and Marcel Schlumberger, it is currently the world's largest offshore drilling company and the most significant offshore drilling contractor in revenue. Schlumberger Limited was incorporated in 1956 as a holding company and listed on the New York Stock Exchange in 1962.

Schlumberger is a Fortune Global 500 company, listed in Forbes Global 2000, and has a 33-acre campus in Sugar Land, Texas. In 1981, Schlumberger became the first international company to link computers with email, and in 1983, the company opened its Cambridge Research Center in Cambridge, England. 

In 2005, Schlumberger purchased Waterloo Hydrogeologic and relocated its U.S. corporate office from New York to Houston. It has since made numerous acquisitions, including Smith International in 2010, a deal valued at $11.3 billion. In 2010, Schlumberger acquired Geoservices in a deal valued at $1.1 billion. In 2014, Schlumberger purchased the remaining shares of SES Holdings Limited (Saxon). Schlumberger agreed to acquire oilfield equipment manufacturer Cameron International in 2015 for $14.8 billion. 

As a global provider of technology, integrated project management and information solutions, Schlumberger supplies the petroleum industry with services such as formation evaluation, seismic data processing, well cementing and stimulation, well testing and directional drilling, artificial lift, low assurance and consulting, well completions and software and information management. Schlumberger is at the forefront of the industry with its carbon capture and storage industries and its continued investment in geothermal and hydrogen power. 

Schlumberger has had environmental and legal issues, including a radioactive canister recovered in the Western Australian outback in 2006. Schlumberger was also a contractor on the Deepwater Horizon oil rig in the Gulf of Mexico. Despite these issues, Newsweek ranked Schlumberger 118 out of 500 in 2009. 

In 2021, Schlumberger made news with the announcement of pilot project agreements between critical industry leaders and the French state. They also made news headlines due to a report of 21,000 layoffs, accounting for 15% of the company's workforce due to the global COVID-19 pandemic.

As an established player in the oilfield services industry, Schlumberger looks poised to continue to expand its presence in the industry and further its mission of providing innovative solutions to the world's energy challenges. 



SLB Stock Price History

SLB Stock News Headlines

3 Trend-Following Entries for Income Investors
The oilfield services industry is in a supercycle that has yet to play out. However, the Q1 results aligned with expectations and failed to spur individual names to new highs.
3 Trend-Following Entries for Income Investors
Energy is a hot market, and oilfield services are among the best long-term plays for value-conscious income investors with a buy-and-hold approach.
Schlumberger (NYSE:SLB) Upgraded to "Buy" at StockNews.com
See More Headlines
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Company Calendar

Ex-Dividend for 4/4 Dividend
2/06/2024
Dividend Payable
4/04/2024
Last Earnings
4/19/2024
Today
5/28/2024
Ex-Dividend for 7/11 Dividend
6/05/2024
Dividend Payable
7/11/2024
Next Earnings (Estimated)
7/19/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
80685710
Employees
111,000
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$68.72
High Stock Price Target
$81.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+47.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
18 Analysts

Profitability

Net Income
$4.20 billion
Pretax Margin
16.06%

Debt

Sales & Book Value

Annual Sales
$33.14 billion
Cash Flow
$4.67 per share
Book Value
$14.96 per share

Miscellaneous

Outstanding Shares
1,429,340,000
Free Float
1,425,622,000
Market Cap
$66.51 billion
Optionable
Optionable
Beta
1.64

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SLB Stock Analysis - 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 twelve months. There are currently 1 hold rating and 17 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SLB shares.
View SLB analyst ratings
or view top-rated stocks.

What is Schlumberger's stock price target for 2024?

18 brokerages have issued 12 month price targets for Schlumberger's shares. Their SLB share price targets range from $53.00 to $81.00. On average, they anticipate the company's stock price to reach $68.72 in the next twelve months. This suggests a possible upside of 47.7% 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 2024?

Schlumberger's stock was trading at $52.04 at the beginning of the year. Since then, SLB stock has decreased by 10.6% and is now trading at $46.5350.
View the best growth stocks for 2024 here
.

When is Schlumberger's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 19th 2024.
View our SLB earnings forecast
.

How were Schlumberger's earnings last quarter?

Schlumberger Limited (NYSE:SLB) announced its earnings results on Friday, April, 19th. The oil and gas company reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. The oil and gas company had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a trailing twelve-month return on equity of 21.88% and a net margin of 12.72%. Schlumberger's revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $0.63 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 Friday, April 19th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.275 per share on Thursday, July 11th. This represents a $1.10 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, June 5th. This is a boost from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for SLB
.

Is Schlumberger a good dividend stock?

Schlumberger (NYSE:SLB) pays an annual dividend of $1.10 per share and currently has a dividend yield of 2.38%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 36.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 26.00% 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).

Who are Schlumberger's major shareholders?

Schlumberger's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.39%), Capital World Investors (6.22%), Price T Rowe Associates Inc. MD (6.02%), First Eagle Investment Management LLC (1.88%), Bank of New York Mellon Corp (1.12%) and Boston Partners (0.81%). Insiders that own company stock include Abdellah Merad, Claudia Jaramillo, Demosthenis Pafitis, Dianne B Ralston, Gavin Rennick, Howard Guild, Katharina Beumelburg, Kevin Fyfe, La Chevardiere Patrick De, Limited/Nv Schlumberger, Mogharbel Khaled Al, Pierre Chereque, Rajeev Sonthalia, Stephane Biguet 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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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This page (NYSE:SLB) was last updated on 5/28/2024 by MarketBeat.com Staff

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