SLB (NYSE:SLB) Given New $55.00 Price Target at Morgan Stanley

SLB (NYSE:SLB) had its target price lifted by Morgan Stanley from $54.00 to $55.00 in a report released on Monday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the oil and gas company’s stock.

Several other analysts have also recently issued reports on the company. Weiss Ratings cut SLB from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein boosted their price target on SLB from $56.10 to $71.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Wolfe Research assumed coverage on SLB in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Raymond James Financial reduced their price objective on shares of SLB from $62.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SLB has an average rating of “Moderate Buy” and an average price target of $61.35.

SLB Trading Down 1.6%

Shares of SLB stock opened at $51.59 on Monday. SLB has a fifty-two week low of $31.64 and a fifty-two week high of $58.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.44. The company has a market capitalization of $77.13 billion, a P/E ratio of 24.92, a P/E/G ratio of 2.12 and a beta of 0.72. The company has a fifty day moving average of $51.05 and a 200 day moving average of $50.66.

SLB (NYSE:SLB) last posted its quarterly earnings results on Friday, July 24th. The oil and gas company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. SLB had a return on equity of 14.05% and a net margin of 8.53%.The business had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $8.67 billion. During the same period last year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts anticipate that SLB will post 2.52 earnings per share for the current fiscal year.

SLB Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. SLB’s payout ratio is 57.00%.

Insider Transactions at SLB

In other SLB news, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the sale, the director owned 16,953 shares of the company’s stock, valued at $921,056.49. The trade was a 10.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the completion of the sale, the executive vice president directly owned 47,421 shares in the company, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.16% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Evergreen Advisors LLC purchased a new stake in SLB during the first quarter valued at $26,000. Costello Asset Management INC lifted its position in SLB by 93.3% during the first quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 280 shares during the last quarter. Arlington Trust Co LLC grew its stake in shares of SLB by 66.5% in the 2nd quarter. Arlington Trust Co LLC now owns 701 shares of the oil and gas company’s stock worth $33,000 after buying an additional 280 shares in the last quarter. MV Capital Management Inc. purchased a new position in shares of SLB in the 4th quarter worth $28,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of SLB in the 2nd quarter worth about $35,000. 81.99% of the stock is currently owned by institutional investors.

Key Stories Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Analysts raised targets: BMO Capital Markets increased its target from $59 to $63 and maintained an “outperform” rating, while Morgan Stanley raised its target from $54 to $55 and assigned an “overweight” rating. Analyst price-target updates
• Positive Sentiment: Q2 exceeded expectations: SLB reported adjusted earnings of $0.55 per share versus the $0.51 consensus estimate and revenue of $8.97 billion versus expectations of $8.67 billion. Sequentially, revenue rose 3% and adjusted EBITDA increased 7%, with margin expansion. SLB analysts increase forecasts
• Positive Sentiment: Longer-term growth catalysts are strengthening: RBC Capital Markets expects SLB’s growth drivers to converge in 2027 and beyond, led by a multiyear offshore cycle. Deepwater activity, digital demand, energy-security spending and a gradual Middle East recovery could support revenue, margins and cash flow. SLB growth drivers
• Positive Sentiment: Management’s outlook remains encouraging: Analysts highlighted guidance for fourth-quarter revenue above $10 billion and an adjusted EBITDA margin near 24%, supporting the view that a stronger 2027 may not yet be fully reflected in the valuation. SLB stronger 2027 outlook
• Neutral Sentiment: Investors are assessing international revenue trends, particularly the pace and durability of growth outside North America, for implications for Wall Street estimates. SLB international revenue trends
• Negative Sentiment: Near-term concerns remain: Second-quarter earnings declined from $0.74 per share a year earlier, and Middle East disruptions continue to weigh on operations. The anticipated recovery is gradual, leaving investors focused on execution and the timing of offshore and regional demand improvements. SLB Q2 earnings call

SLB Company Profile

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.