SLB (NYSE:SLB) Receives Outperform Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of SLB (NYSE:SLB) in a report released on Monday morning,Benzinga reports. Royal Bank Of Canada currently has a $61.00 price objective on the oil and gas company’s stock.

SLB has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price target on shares of SLB from $43.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Susquehanna lifted their price target on shares of SLB from $60.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday. Loop Capital set a $48.00 price target on shares of SLB in a research note on Tuesday, January 27th. Barclays lifted their price target on shares of SLB from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Wall Street Zen cut shares of SLB from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, SLB currently has an average rating of “Moderate Buy” and a consensus target price of $57.53.

SLB Stock Performance

Shares of NYSE: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 quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $50.36 and a two-hundred day simple moving average of $43.95. The stock 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.

SLB (NYSE:SLB) last released its quarterly earnings results on Friday, April 24th. The oil and gas company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.76 billion. During the same period in the previous year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts expect that SLB will post 2.67 earnings per share for the current fiscal year.

SLB Dividend Announcement

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

Institutional Investors Weigh In On SLB

Several large investors have recently modified their holdings of SLB. MV Capital Management Inc. bought a new position in shares of SLB during the 4th quarter worth approximately $28,000. Root Financial Partners LLC bought a new position in shares of SLB during the 3rd quarter worth approximately $29,000. Strategic Wealth Advisors LLC bought a new position in shares of SLB during the 4th quarter worth approximately $30,000. Strengthening Families & Communities LLC bought a new position in shares of SLB during the 3rd quarter worth approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SLB during the 4th quarter worth approximately $31,000. Institutional investors own 81.99% of the company’s stock.

Key Stories Impacting 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.