SLB (NYSE:SLB) Shares Gap Up – Still a Buy?

SLB Limited (NYSE:SLB)’s share price gapped up before the market opened on Friday . The stock had previously closed at $47.22, but opened at $50.07. SLB shares last traded at $51.4390, with a volume of 5,213,298 shares changing hands.

Key Headlines Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB delivered a Q2 earnings and revenue beat, which typically supports the stock by signaling resilient demand and better-than-expected execution. SLB (SLB) Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Higher offshore activity and growth in SLB’s data-center-related business helped lift revenue, showing the company is benefiting from both traditional energy demand and new AI infrastructure opportunities. SLB Posts Higher Revenue on Increased Offshore Activity, Data-Center Demand
• Positive Sentiment: SLB’s alliance with Liberty Energy to support AI data centers and its subsea contract win from Eni reinforce its growth prospects and show momentum in high-value project wins. What SLB (SLB)’s AI Data Center Power Push and Baleine Win Means For Shareholders
• Neutral Sentiment: SLB formally announced its second-quarter 2026 results and disclosed operational information, which adds transparency but does not by itself change the investment case. SLB Announces Second-Quarter 2026 Results
• Negative Sentiment: Revenue still declined 4.5% year over year and earnings fell from the prior year, so investors may remain cautious about the pace of underlying growth despite the beat. SLB (NYSE:SLB) Beats Expectations in Strong Q2 CY2026

Analyst Ratings Changes

SLB has been the topic of several research reports. Stifel Nicolaus boosted their price target on SLB from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Weiss Ratings lowered SLB from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Sanford C. Bernstein boosted their price objective on SLB from $56.10 to $71.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. TD Cowen cut their target price on SLB from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Finally, Raymond James Financial reduced their target price on SLB from $62.00 to $61.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.30.

SLB Stock Up 9.5%

The company has a market cap of $77.30 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 1.93 and a beta of 0.72. 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 firm’s 50 day moving average price is $51.22 and its 200-day moving average price is $50.54.

SLB (NYSE:SLB) last posted its quarterly earnings results on Saturday, July 25th. The oil and gas company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $8.97 billion during the quarter, compared to the consensus estimate of $8.67 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. SLB’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. As a group, equities research analysts expect that SLB Limited will post 2.52 EPS for the current year.

Insiders Place Their Bets

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the stock in a transaction 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 transaction, the director owned 16,953 shares of the company’s stock, valued at $921,056.49. This represents a 10.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Steve Matthew Gassen sold 53,379 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 47,421 shares in the company, valued at $2,664,111.78. This represents a 52.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SLB

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Evergreen Advisors LLC bought a new position in SLB during the first quarter worth about $26,000. MV Capital Management Inc. acquired a new position in shares of SLB during the 4th quarter worth about $28,000. Strategic Wealth Advisors LLC bought a new stake in shares of SLB in the 4th quarter valued at about $30,000. Costello Asset Management INC increased its stake in shares of SLB by 93.3% in the 1st 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. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SLB in the 4th quarter valued at approximately $31,000. Institutional investors own 81.99% of the company’s stock.

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.