SLB (NYSE:SLB) Reaches New 12-Month High – Should You Buy?

SLB Limited (NYSE:SLB) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $59.78 and last traded at $59.8740, with a volume of 2163895 shares. The stock had previously closed at $57.33.

Trending Headlines about SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Major data-center acquisition: SLB agreed to acquire Kelvion, a global provider of thermal-management and heat-exchange technologies, for approximately $3.4 billion in cash and the assumption of about $700 million in debt. The deal strengthens SLB’s Data Center Solutions business, positioning it to benefit from AI-driven investment in power and cooling infrastructure. SLB to acquire Kelvion for $3.4 billion
• Positive Sentiment: Broader growth strategy: Analysts highlighted SLB’s efforts to combine its legacy oilfield-services operations with digital, subsea, carbon-management and data-center businesses. Recent acquisitions and diversification could reduce reliance on new-well drilling while increasing recurring and relatively capital-light revenue. SLB: A New Growth Chapter Is Just Getting Started
• Positive Sentiment: Operating momentum remains constructive: SLB’s second-quarter 2026 results reportedly showed 3% sequential revenue growth, margin expansion and strong data-center performance, despite Middle East-related headwinds. The company also reported quarterly revenue above analysts’ expectations and EPS of $0.55 versus a $0.51 consensus estimate in its latest reported results.
• Positive Sentiment: Carbon-storage and technology wins: SLB was selected as reservoir partner for Norway’s Havstjerne carbon-storage project and launched its ExaCT electrical downhole coiled-tubing control system. These developments support the company’s positioning in lower-carbon energy and advanced oilfield technology. SLB Lands North Sea Carbon Role And Launches New Downhole Control System
• Neutral Sentiment: Valuation is mixed: SLB has significantly outperformed many large energy companies over five years, but discounted-cash-flow analysis suggests potential undervaluation while earnings-based multiples indicate the stock may be closer to fair value. SLB Stock Trades At A Discount To Fair Value
• Negative Sentiment: Execution and balance-sheet risks: The Kelvion purchase is a sizable commitment, and investors may scrutinize the price, integration execution and additional debt assumed. Oilfield-service exposure and geopolitical pressures, including Middle East disruptions, remain ongoing risks.

Analysts Set New Price Targets

SLB has been the topic of a number of research analyst reports. Wolfe Research assumed coverage on SLB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $61.00 price target on shares of SLB in a research report on Tuesday, June 16th. Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 25th. Citigroup cut their price target on shares of SLB from $68.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, Morgan Stanley upped their price objective on shares of SLB from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.35.

SLB Stock Up 2.2%

The firm’s 50 day moving average price is $49.70 and its 200-day moving average price is $51.41. The company has a current ratio of 1.44, a quick ratio of 1.05 and a debt-to-equity ratio of 0.41. The company has a market cap of $86.96 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 3.78 and a beta of 0.73.

SLB (NYSE:SLB) last issued its earnings results on Saturday, July 25th. The oil and gas company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. SLB had a net margin of 8.53% and a return on equity of 14.05%. The company had revenue of $8.97 billion during the quarter, compared to analysts’ expectations of $8.67 billion. During the same quarter in the previous year, the company posted $0.74 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that SLB Limited will post 2.5 EPS for the current year.

SLB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 2nd will be issued a dividend of $0.295 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $1.18 dividend on an annualized basis and a yield of 2.0%. SLB’s payout ratio is currently 57.00%.

Institutional Trading of SLB

Hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after acquiring an additional 1,166 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of SLB in the fourth quarter worth about $238,000. Marshall Wace LLP acquired a new stake in shares of SLB during the second quarter worth about $8,628,000. Nebula Research & Development LLC raised its holdings in SLB by 76.0% during the 2nd quarter. Nebula Research & Development LLC now owns 24,373 shares of the oil and gas company’s stock worth $824,000 after buying an additional 10,522 shares during the period. Finally, Diversify Advisory Services LLC raised its holdings in shares of SLB by 7.6% during the second quarter. Diversify Advisory Services LLC now owns 11,326 shares of the oil and gas company’s stock worth $373,000 after acquiring an additional 799 shares during the period. Institutional investors and hedge funds 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.