JPMorgan Chase & Co. Issues Positive Forecast for SLB (NYSE:SLB) Stock Price

SLB (NYSE:SLB) had its price objective increased by JPMorgan Chase & Co. from $54.00 to $61.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has an overweight rating on the oil and gas company’s stock.

Several other research firms have also commented on SLB. Piper Sandler boosted their price target on shares of SLB from $53.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Bank of America increased their price objective on shares of SLB from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Stifel Nicolaus boosted their price objective on shares of SLB from $56.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank Of Canada restated an “outperform” rating and set a $61.00 target price on shares of SLB in a report on Monday. Finally, Argus raised SLB to a “strong-buy” rating in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.53.

SLB Trading Down 1.7%

SLB opened at $55.20 on Monday. SLB has a 52 week low of $31.64 and a 52 week high of $56.90. The company has a market capitalization of $82.95 billion, a P/E ratio of 24.11, a PEG ratio of 3.85 and a beta of 0.69. The stock’s fifty day moving average is $50.36 and its two-hundred day moving average is $43.95. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35.

SLB (NYSE:SLB) last posted its quarterly earnings results on Friday, April 24th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. SLB had a return on equity of 15.54% and a net margin of 9.26%.The business had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Analysts forecast that SLB will post 2.67 earnings per share for the current year.

SLB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB’s payout ratio is 51.53%.

Institutional Investors Weigh In On SLB

Several institutional investors have recently bought and sold shares of SLB. Brighton Jones LLC lifted its holdings in shares of SLB by 21.4% during the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after purchasing an additional 1,166 shares during the last quarter. Bison Wealth LLC purchased a new position in SLB during the 4th quarter worth $238,000. Marshall Wace LLP purchased a new position in SLB during the 2nd quarter worth $8,628,000. Nebula Research & Development LLC increased its position in SLB by 76.0% during the 2nd quarter. Nebula Research & Development LLC now owns 24,373 shares of the oil and gas company’s stock valued at $824,000 after buying an additional 10,522 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its stake in SLB by 7.6% in the second quarter. Diversify Advisory Services LLC now owns 11,326 shares of the oil and gas company’s stock valued at $373,000 after buying an additional 799 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

SLB News Summary

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Several brokerages raised price targets and reiterated upbeat ratings, providing upward pressure on the stock: TD Cowen raised its target to $66 and kept a buy rating. TD Cowen price target raise
• Positive Sentiment: BMO Capital Markets bumped its price target to $63 with an “outperform” call, another vote of confidence for SLB’s medium-term growth. BMO price target raise
• Positive Sentiment: JPMorgan raised its price target to $61 and moved to overweight, supporting upside expectations versus the current price. JPMorgan upgrade
• Positive Sentiment: RBC reaffirmed an “outperform” rating with a $61 target, signaling continued institutional confidence. RBC reaffirmation
• Positive Sentiment: Stifel raised its target to $61 and maintained a buy rating, joining other analysts lifting forecasts after Q1. Stifel price target raise
• Neutral Sentiment: Analyst notes emphasize SLB’s strengths in production exposure, Data Center Solutions and its Digital segment as potential earnings supports for 2026 — a structural positive, but not immediate proof of stronger near-term revenue. Morgan Stanley note
• Neutral Sentiment: Coverage pieces exploring SLB’s international revenue mix and geographic diversification provide context for forecasts but highlight variability by region; useful for medium-term modeling rather than an immediate catalyst. International revenue analysis Zacks coverage
• Neutral Sentiment: Q1 results were mixed: EPS roughly in line with consensus and revenue largely as-expected but down year-over-year, prompting analysts to update models — supportive of higher targets but leaving short-term execution questions. Q1 deep dive
• Negative Sentiment: Geopolitical disruption in the Middle East (Iran conflict) is cited as a material near-term headwind that can affect regional operations and supply chains, creating downside risk to near-term growth. Seeking Alpha geopolitical risks
• Negative Sentiment: Analysts note Middle East disruptions offset gains from digital and production services in Q1, underscoring the possibility of continued margin pressure into eFY26. Operational headwinds

About SLB

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.