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Schlumberger (SLB) Stock Forecast, Price & News

$44.85
+0.35 (+0.79%)
(As of 05/18/2023 ET)
Compare
Today's Range
$43.69
$44.99
50-Day Range
$43.25
$52.63
52-Week Range
$30.65
$62.78
Volume
8.37 million shs
Average Volume
9.65 million shs
Market Capitalization
$63.70 billion
P/E Ratio
16.67
Dividend Yield
2.23%
Price Target
$64.53

Schlumberger MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.94 Rating Score
Upside/​Downside
43.9% Upside
$64.53 Price Target
Short Interest
Healthy
1.51% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.97
Upright™ Environmental Score
News Sentiment
0.18mentions of Schlumberger in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2.57 M Sold Last Quarter
Proj. Earnings Growth
24.92%
From $3.01 to $3.76 Per Share

Overall MarketRank

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

3.13 out of 5 stars

Oils/Energy Sector

18th out of 239 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

1st out of 21 stocks


SLB stock logo

About Schlumberger (NYSE:SLB) Stock

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. 



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SLB Stock News Headlines

Don’t Know What Stocks to Buy in the Oil Market? Try the XLE ETF (SLB)
If you've been keeping track of oil prices, especially since OPEC cut production by an additional 1.16 million barrels daily, you might be searching for ways
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Schlumberger (NYSE:SLB) PT Raised to $65.00 at Raymond James
See More Headlines
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SLB Company Calendar

Ex-Dividend for 4/6 Dividend
2/07/2023
Dividend Payable
4/06/2023
Last Earnings
4/21/2023
Today
5/18/2023
Ex-Dividend for 7/13 Dividend
6/06/2023
Dividend Payable
7/13/2023
Next Earnings (Estimated)
7/28/2023
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
$64.53
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$49.00
Forecasted Upside/Downside
+46.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.94
Research Coverage
17 Analysts

Profitability

Net Income
$3.44 billion
Pretax Margin
16.05%

Debt

Sales & Book Value

Annual Sales
$28.09 billion
Cash Flow
$3.80 per share
Book Value
$12.94 per share

Miscellaneous

Outstanding Shares
1,420,190,000
Free Float
1,416,923,000
Market Cap
$62.73 billion
Optionable
Optionable
Beta
1.76

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
  • Ugo Prechner
    Vice President & Controller













SLB Stock - Frequently Asked Questions

Should I buy or sell Schlumberger stock right now?

17 Wall Street research 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 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 2023?

17 Wall Street research analysts have issued 1-year target prices for Schlumberger's shares. Their SLB share price forecasts range from $49.00 to $75.00. On average, they predict the company's share price to reach $64.53 in the next twelve months. This suggests a possible upside of 45.8% 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 at the beginning of the year. Since then, SLB shares have decreased by 17.2% and is now trading at $44.27.
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, July 28th 2023.
View our SLB earnings forecast
.

How were Schlumberger's earnings last quarter?

Schlumberger Limited (NYSE:SLB) released its quarterly earnings data on Friday, April, 21st. The oil and gas company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The oil and gas company had revenue of $7.74 billion for the quarter, compared to analysts' expectations of $7.46 billion. Schlumberger had a trailing twelve-month return on equity of 20.16% and a net margin of 12.94%. The business's revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share.
Read the conference call transcript
.

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

Schlumberger announced a quarterly dividend on Thursday, April 20th. Shareholders of record on Wednesday, June 7th will be paid a dividend of $0.25 per share on Thursday, July 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, June 6th.
Read our dividend analysis for SLB
.

Is Schlumberger a good dividend stock?

Schlumberger (NYSE:SLB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.31%. 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 37.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 26.60% 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.44%), State Street Corp (5.84%), Wellington Management Group LLP (2.69%), FMR LLC (2.48%), GQG Partners LLC (1.99%) and Jennison Associates LLC (1.86%). Insiders that own company stock include Abdellah Merad, 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, 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 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 $44.27.

How much money does Schlumberger make?

Schlumberger (NYSE:SLB) has a market capitalization of $62.87 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 $2.69 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.
Read More
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 5/18/2023 by MarketBeat.com Staff

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