SLB (NYSE:SLB) Given New $61.00 Price Target at Stifel Nicolaus

SLB (NYSE:SLB) had its target price upped by Stifel Nicolaus from $56.00 to $61.00 in a research report sent to investors on Monday, Marketbeat.com reports. They currently have a buy rating on the oil and gas company’s stock.

Several other equities analysts also recently issued reports on the stock. Freedom Capital downgraded shares of SLB from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Citigroup boosted their price target on shares of SLB from $53.00 to $56.00 and gave the company a “buy” rating in a report on Monday, January 26th. Morgan Stanley boosted their price target on shares of SLB from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Argus upgraded SLB to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Loop Capital set a $48.00 price objective on SLB in a research report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $57.53.

SLB Stock Down 1.7%

SLB stock opened at $55.20 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. SLB has a 1-year low of $31.64 and a 1-year high of $56.90. The firm has a fifty day moving average price of $50.36 and a two-hundred day moving average price of $43.95. The firm has a market cap of $82.95 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 3.85 and a beta of 0.69.

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

SLB Announces Dividend

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

Hedge Funds Weigh In On SLB

A number of institutional investors and hedge funds have recently bought and sold shares of SLB. Private Wealth Asset Management LLC lifted its holdings in shares of SLB by 4.1% during the 4th quarter. Private Wealth Asset Management LLC now owns 5,041 shares of the oil and gas company’s stock valued at $193,000 after purchasing an additional 200 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of SLB by 9.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,503 shares of the oil and gas company’s stock worth $129,000 after purchasing an additional 214 shares during the last quarter. Ballentine Partners LLC increased its position in shares of SLB by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 10,288 shares of the oil and gas company’s stock worth $395,000 after purchasing an additional 218 shares during the last quarter. Davis Capital Management lifted its stake in shares of SLB by 1.0% during the 1st quarter. Davis Capital Management now owns 21,968 shares of the oil and gas company’s stock worth $1,129,000 after buying an additional 220 shares during the last quarter. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of SLB by 37.0% during the 4th quarter. Bruce G. Allen Investments LLC now owns 841 shares of the oil and gas company’s stock worth $32,000 after buying an additional 227 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

More SLB News

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.