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NYSE:SLB

Schlumberger (SLB) Stock Price, News & Analysis

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$42.74
-1.07 (-2.44%)
(As of 02:38 PM ET)
Compare
Today's Range
$42.61
▼
$43.46
50-Day Range
$43.20
▼
$55.03
52-Week Range
$42.61
▼
$62.12
Volume
7.48 million shs
Average Volume
11.07 million shs
Market Capitalization
$61.09 billion
P/E Ratio
14.20
Dividend Yield
2.57%
Price Target
$69.06
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends

Schlumberger MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.94 Rating Score
Upside/​Downside
61.3% Upside
$69.06 Price Target
Short Interest
Healthy
1.89% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-4.23
Upright™ Environmental Score
News Sentiment
0.74mentions of Schlumberger in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$5.10 M Sold Last Quarter
Proj. Earnings Growth
21.37%
From $3.51 to $4.26 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

See Top Rated MarketRank™ Stocks Here
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

June 8, 2024 | insidertrades.com
Schlumberger Limited (NYSE:SLB) Insider Sells $216,281.40 in Stock
May 23, 2024 | insidertrades.com
Schlumberger Limited (NYSE:SLB) Insider Sells $1,838,647.24 in Stock
May 15, 2024 | insidertrades.com
Schlumberger Limited (NYSE:SLB) CTO Demosthenis Pafitis Sells 63,095 Shares
June 14 at 7:05 AM | prnewswire.com
SLB and Aker Carbon Capture announce closing of carbon capture joint venture
June 14 at 6:47 AM | prnewswire.com
Completion of transaction to combine carbon capture business with SLB, changes to executive management
June 14 at 6:43 AM | prnewswire.com
SLB and Aker Carbon Capture Announce Closing of Carbon Capture Joint Venture
June 14 at 6:30 AM | businesswire.com
SLB and Aker Carbon Capture Announce Closing of Carbon Capture Joint Venture
June 11 at 9:33 AM | seekingalpha.com
Schlumberger To Benefit From Acquisition And International Operations
June 11 at 3:44 AM | americanbankingnews.com
Analysts Set Schlumberger Limited (NYSE:SLB) Price Target at $69.06
June 10, 2024 | investorplace.com
The 3 Most Undervalued S&P 500 Stocks to Buy in June 2024
June 10, 2024 | americanbankingnews.com
Bejar Carmen Rando Sells 4,980 Shares of Schlumberger Limited (NYSE:SLB) Stock
June 7, 2024 | americanbankingnews.com
Schlumberger (NYSE:SLB) Downgraded to "Hold" at StockNews.com
June 6, 2024 | benzinga.com
Buying The Dip: Three 'Good' Stocks Are Near 52-Week Lows — Are They Worth It?
June 5, 2024 | americanbankingnews.com
Schlumberger (NYSE:SLB) Hits New 52-Week Low at $45.02
June 3, 2024 | investorplace.com
3 Oversold Stocks to Buy Right Now While The Gettin' Is Good
June 3, 2024 | seekingalpha.com
Schlumberger Limited: Consolidating In Response To Consolidation
May 24, 2024 | msn.com
NNPC Ltd, SLB sign agreement to boost upstream operations
May 24, 2024 | finance.yahoo.com
SLB OneSubsea Awarded Contract for Phase 3, Stage 2 of Equinor’s North Sea Troll Project
May 24, 2024 | businesswire.com
SLB OneSubsea Awarded Contract for Phase 3, Stage 2 of Equinor's North Sea Troll Project
May 24, 2024 | msn.com
NNPC, Schlumberger sign deal to boost oil production
May 23, 2024 | finance.yahoo.com
Insider Sale at Schlumberger Ltd (SLB): President New Energy Gavin Rennick Sells Shares
May 23, 2024 | finance.yahoo.com
Do Options Traders Know Something About Schlumberger (SLB) Stock We Don't?
May 22, 2024 | finance.yahoo.com
Schlumberger (NYSE:SLB) Will Pay A Dividend Of $0.275
May 15, 2024 | msn.com
Norway oil service companies seek labour mediation to avert strike
May 14, 2024 | msn.com
ADNOC Drilling secures $1.7bn unconventional wells drilling contract in UAE
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
Ex-Dividend for 7/11 Dividend
6/05/2024
Today
6/14/2024
Dividend Payable
7/11/2024
Next Earnings (Estimated)
7/19/2024
Fiscal Year End
12/31/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Oils/Energy
Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
Current Symbol
NYSE:SLB
CUSIP
80685710
CIK
87347
Web
www.slb.com
Phone
(713) 513-2000
Fax
713-513-3500
Employees
111,000
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$69.06
High Stock Price Target
$81.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+60.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
17 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.01
Trailing P/E Ratio
14.26
Forward P/E Ratio
12.23
P/E Growth
0.86
Net Income
$4.20 billion
Net Margins
12.72%
Pretax Margin
16.06%
Return on Equity
21.88%
Return on Assets
9.61%

Debt

Debt-to-Equity Ratio
0.49
Current Ratio
1.37
Quick Ratio
1.02

Sales & Book Value

Annual Sales
$33.14 billion
Price / Sales
1.85
Cash Flow
$4.45 per share
Price / Cash Flow
9.64
Book Value
$14.96 per share
Price / Book
2.87

Miscellaneous

Outstanding Shares
1,429,340,000
Free Float
1,425,622,000
Market Cap
$61.35 billion
Optionable
Optionable
Beta
1.57

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Should I Buy Schlumberger Stock? SLB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Schlumberger Limited:

  • Schlumberger Limited has recently introduced innovative technology solutions in the oil and gas industry, enhancing operational efficiency and reducing costs for energy companies. This could lead to increased demand for their services and potentially higher revenue.
  • The current stock price of Schlumberger Limited is showing signs of stability and potential growth, making it an attractive option for investors looking for value opportunities in the market. This stability could provide a good entry point for long-term investors.
  • With a strong global presence and a history of successful partnerships, Schlumberger Limited is well-positioned to capitalize on the recovery of the oil and gas sector, offering investors exposure to potential industry growth and profitability.
  • As a leader in oilfield services, Schlumberger Limited has a diverse portfolio of products and services, providing investors with a well-rounded investment opportunity in the energy sector. Diversification can help mitigate risks associated with fluctuations in specific market segments.
  • Schlumberger Limited has a solid track record of dividend payments, offering investors a source of passive income while holding the stock. Dividends can be a key factor for investors seeking consistent returns and long-term wealth accumulation.

Cons

Investors should be bearish about investing in Schlumberger Limited for these reasons:

  • The oil and gas industry is inherently cyclical, and Schlumberger Limited's financial performance is closely tied to the fluctuations in oil prices. Economic downturns or geopolitical events impacting oil prices could negatively affect the company's revenue and profitability.
  • Increased competition in the oilfield services sector could put pressure on Schlumberger Limited's market share and pricing power, potentially leading to margin compression and reduced profitability for the company. Investors should closely monitor competitive dynamics in the industry.
  • Regulatory changes and environmental concerns surrounding the oil and gas sector could pose risks to Schlumberger Limited's operations and future growth prospects. Investors need to consider the evolving regulatory landscape and its potential impact on the company's business operations.
  • Foreign exchange fluctuations can impact Schlumberger Limited's financial performance, especially given its global operations. Currency risks could affect the company's revenue and earnings, making it important for investors to assess and manage currency exposure.
  • Technological advancements and shifts in energy consumption patterns could disrupt the traditional oil and gas industry, posing challenges for companies like Schlumberger Limited. Investors should stay informed about industry trends and innovations to evaluate the company's long-term sustainability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, May 29, 2024. Please send any questions or comments about these Schlumberger pros and cons to contact@marketbeat.com.

SLB Stock Analysis - 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 year. There are currently 1 hold rating and 16 buy ratings for the stock. The consensus among Wall Street 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?

17 Wall Street research analysts have issued 1 year price objectives for Schlumberger's shares. Their SLB share price targets range from $53.00 to $81.00. On average, they predict the company's share price to reach $69.06 in the next year. This suggests a possible upside of 61.3% 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 start of the year. Since then, SLB stock has decreased by 17.7% and is now trading at $42.81.
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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.75. The oil and gas company earned $8.71 billion during the quarter, compared to analysts' expectations of $8.70 billion. Schlumberger had a trailing twelve-month return on equity of 21.88% and a net margin of 12.72%. The company's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS.
Read the conference call transcript.

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

Schlumberger announced 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 2.57%. The ex-dividend date is Wednesday, June 5th. This is an increase 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 2.46%. 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 25.82% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLB.

What ETFs hold Schlumberger's stock?

ETFs with the largest weight of Schlumberger (NYSE:SLB) stock in their portfolio include iShares U.S. Oil Equipment & Services ETF (IEZ), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG), Noble Absolute Return ETF (NOPE), Invesco S&P 500 Equal Weight Energy ETF (RSPG), Invesco S&P 500 Equal Weight Energy ETF (RYE), Invesco Oil & Gas Services ETF (PXJ) and Energy Select Sector SPDR Fund (XLE).

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 variety of institutional and retail 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, Bejar Carmen Rando, 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.
Read More
This page (NYSE:SLB) was last updated on 6/14/2024 by MarketBeat.com Staff

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