SLB (NYSE:SLB) Given New $63.00 Price Target at BMO Capital Markets

SLB (NYSE:SLB) had its target price upped by BMO Capital Markets from $59.00 to $63.00 in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the oil and gas company’s stock.

A number of other equities research analysts have also recently commented on SLB. Susquehanna cut their price target on shares of SLB from $65.00 to $55.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Weiss Ratings lowered shares of SLB from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Piper Sandler boosted their price objective on shares of SLB from $59.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday. Wolfe Research assumed coverage on SLB in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 price objective on the stock. Finally, Citigroup cut their target price on SLB from $68.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.35.

SLB Stock Performance

Shares of SLB stock opened at $51.59 on Monday. SLB has a 1 year low of $31.64 and a 1 year high of $58.82. The firm’s 50-day moving average is $51.05 and its 200 day moving average is $50.66. The stock has a market cap of $77.13 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.12 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 1.05.

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

SLB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 2nd. SLB’s dividend payout ratio (DPR) is presently 57.00%.

Insider Transactions at SLB

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

Institutional Investors Weigh In On SLB

A number of hedge funds have recently added to or reduced their stakes in the stock. Evergreen Advisors LLC purchased a new position in shares of SLB in the 1st quarter worth $26,000. Costello Asset Management INC increased 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 acquiring an additional 280 shares during the last quarter. Arlington Trust Co LLC lifted its holdings in SLB by 66.5% in the second quarter. Arlington Trust Co LLC now owns 701 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 280 shares during the period. MV Capital Management Inc. bought a new position in SLB in the fourth quarter valued at about $28,000. Finally, Maryland Capital Advisors Inc. purchased a new position in SLB in the second quarter worth about $35,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 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.