SLB (NYSE:SLB – Get Free Report) was downgraded by research analysts at Freedom Capital from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
SLB has been the topic of a number of other reports. Citigroup increased their price target on shares of SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Monday. TD Cowen lifted their price target on SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Barclays increased their price target on SLB from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Monday. Evercore ISI set a $54.00 price objective on SLB and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada increased their target price on SLB from $51.00 to $54.00 and gave the company an “outperform” rating in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.92.
View Our Latest Analysis on SLB
SLB Price Performance
SLB (NYSE:SLB – Get Free Report) last issued its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. SLB had a return on equity of 17.45% and a net margin of 9.45%.The firm had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.54 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. Research analysts predict that SLB will post 3.38 earnings per share for the current year.
Insider Buying and Selling
In other SLB news, Director La Chevardiere Patrick De sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $50.29, for a total value of $201,160.00. Following the transaction, the director directly owned 19,525 shares of the company’s stock, valued at $981,912.25. This trade represents a 17.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dianne B. Ralston sold 18,617 shares of the company’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.50, for a total value of $921,541.50. Following the completion of the sale, the insider owned 224,097 shares of the company’s stock, valued at approximately $11,092,801.50. The trade was a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 260,849 shares of company stock worth $11,668,003 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.
Institutional Trading of SLB
A number of hedge funds and other institutional investors have recently made changes to their positions in SLB. Twin Peaks Wealth Advisors LLC purchased a new position in SLB in the second quarter worth approximately $25,000. Root Financial Partners LLC acquired a new position in shares of SLB in the 3rd quarter valued at $29,000. Corsicana & Co. acquired a new position in shares of SLB in the 3rd quarter valued at $31,000. Strengthening Families & Communities LLC acquired a new stake in shares of SLB during the 3rd quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SLB in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 81.99% of the company’s stock.
Key Headlines Impacting SLB
Here are the key news stories impacting SLB this week:
- Positive Sentiment: Multiple brokerages raised targets/ratings this week, supporting upside expectations (examples include Susquehanna’s boost to $58 and other bank notes showing constructive views). Susquehanna Boosts SLB Price Target
- Positive Sentiment: SLB won multi‑year supply contracts in Oman (wellheads and artificial lift) and additional Middle East work, reinforcing near‑term revenue visibility in the region. Business Wire: Oman Contracts
- Neutral Sentiment: Commentary pieces are re-evaluating SLB’s valuation and role in evolving energy markets — useful context for positioning but not an immediate catalyst. Yahoo: Is SLB Pricing Reflect Its Role?
- Neutral Sentiment: MarketWatch notes SLB has underperformed some peers recently despite intraday gains, which frames relative performance risk vs. other oilfield services names. MarketWatch: Underperformance vs Competitors
- Negative Sentiment: Significant coordinated insider selling occurred on Jan. 26 — including the CFO, EVP, CAO and multiple directors — amounting to multimillion‑dollar disposals; markets often interpret clustered insider sales as a near‑term negative signal. TipRanks: Coordinated Insider Selling
- Negative Sentiment: Individual SEC‑filed insider sales include EVP Abdellah Merad (~$2.98M), CAO Howard Guild (~$659K) and CFO Stéphane Biguet (>$3M) — these specific filings have been widely reported and are weighing on sentiment. Benzinga: Howard Guild Sale Benzinga: Abdellah Merad Sale
- Negative Sentiment: A Freedom Capital downgrade moved SLB to a “strong sell” designation, creating a direct negative research catalyst amid otherwise bullish analyst activity. Zacks / Freedom Capital Downgrade
- Negative Sentiment: SLB’s JV with Aker Carbon Capture reported a loss on a carbon‑capture project — this may temper near‑term enthusiasm for SLB’s energy‑transition growth narrative. Upstream: Loss on Carbon Capture Project
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.
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