SLB (NYSE:SLB) Price Target Raised to $63.00 at BMO Capital Markets

SLB (NYSE:SLB) had its price objective boosted by BMO Capital Markets from $55.00 to $63.00 in a report issued on Monday morning, Marketbeat Ratings reports. BMO Capital Markets currently has an outperform rating on the oil and gas company’s stock.

SLB has been the subject of a number of other reports. Bank of America boosted their price target on SLB from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, January 26th. Loop Capital set a $48.00 price target on SLB in a report on Tuesday, January 27th. UBS Group reiterated a “buy” rating on shares of SLB in a report on Tuesday, January 27th. Evercore reiterated an “outperform” rating and issued a $64.00 price target on shares of SLB in a report on Monday. Finally, Stifel Nicolaus boosted their price target on SLB from $56.00 to $61.00 and gave the company a “buy” rating in a report on Monday. Three 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.53.

SLB Price Performance

Shares of NYSE SLB opened at $55.20 on Monday. SLB has a twelve month low of $31.64 and a twelve month high of $56.90. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $82.95 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 3.85 and a beta of 0.69. The business has a 50 day simple moving average of $50.36 and a 200-day simple moving average of $43.95.

SLB (NYSE:SLB) last issued its quarterly earnings results on Friday, April 24th. The oil and gas company reported $0.52 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $8.76 billion. During the same period in the previous year, the business earned $0.72 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts expect that SLB will post 2.67 earnings per share for the current year.

SLB Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Synergy Asset Management LLC boosted its position in SLB by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company’s stock worth $2,732,000 after acquiring an additional 40,415 shares during the period. Americana Partners LLC boosted its position in SLB by 10.1% during the 3rd quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company’s stock worth $8,526,000 after acquiring an additional 22,706 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in SLB by 13.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company’s stock worth $7,220,000 after acquiring an additional 25,417 shares during the period. Nordea Investment Management AB boosted its position in SLB by 4.9% during the 3rd quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company’s stock worth $72,354,000 after acquiring an additional 100,918 shares during the period. Finally, Bank Pictet & Cie Europe AG boosted its position in SLB by 1,937.4% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company’s stock worth $34,265,000 after acquiring an additional 948,015 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Trending Headlines about SLB

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.