Schlumberger (SLB) Stock Forecast, Price & News

17 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" SLB shares.
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17 equities research analysts have issued 12-month price targets for Schlumberger's stock. Their SLB share price forecasts range from $59.00 to $71.00. On average, they expect the company's share price to reach $65.13 in the next year. This suggests a possible upside of 9.4% from the stock's current price.
View analysts price targets for SLB or view top-rated stocks among Wall Street analysts.

Schlumberger's stock was trading at $53.46 at the start of the year. Since then, SLB shares have increased by 11.3% and is now trading at $59.51.
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Schlumberger saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 22,290,000 shares, an increase of 27.3% from the June 30th total of 17,510,000 shares. Based on an average daily volume of 10,650,000 shares, the short-interest ratio is currently 2.1 days.
View Schlumberger's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 20th 2023.
View our SLB earnings forecast.

Schlumberger Limited (NYSE:SLB) released its earnings results on Friday, July, 21st. The oil and gas company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.01. The oil and gas company earned $8.10 billion during the quarter, compared to the consensus estimate of $8.20 billion. Schlumberger had a trailing twelve-month return on equity of 21.27% and a net margin of 12.63%. The company's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share.
Read the conference call transcript.

Schlumberger declared a quarterly dividend on Thursday, July 20th. Investors of record on Wednesday, September 6th will be given a dividend of $0.25 per share on Thursday, October 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Tuesday, September 5th.
Read our dividend analysis for SLB.

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), Energy Select Sector SPDR Fund (XLE), Invesco Dynamic Oil & Gas Services ETF (PXJ), iShares U.S. Energy ETF (IYE) and Invesco S&P 500 Equal Weight Energy ETF (RYE).

Schlumberger (NYSE:SLB) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.73%. 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 36.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLB will have a dividend payout ratio of 26.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLB.

Schlumberger updated its FY 2023 earnings guidance on Tuesday, July, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $32.30B-, compared to the consensus revenue estimate of $33.08 billion.

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.

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).

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 Bank of New York Mellon Corp (1.39%), Van ECK Associates Corp (0.67%), Fisher Asset Management LLC (0.54%), Jennison Associates LLC (0.49%), Sumitomo Mitsui Trust Holdings Inc. (0.40%) and Principal Financial Group Inc. (0.37%). 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, Mogharbel Khaled Al, Peuch Olivier Le, Pierre Chereque, Rajeev Sonthalia, Saul R Laureles, Stephane Biguet and Vijay Kasibhatla.
View institutional ownership trends.

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.
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One share of SLB stock can currently be purchased for approximately $59.51.

Schlumberger (NYSE:SLB) has a market capitalization of $84.58 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 $2.74 on an earnings per share basis.

The company employs 99,000 workers across the globe.

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.