SLB (NYSE:SLB) Stock Rating Raised to “Hold” at Freedom Broker

SLB (NYSE:SLB) was upgraded by analysts at Freedom Broker from a “sell” rating to a “hold” rating in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a $48.00 price target on the oil and gas company’s stock. Freedom Broker‘s target price suggests a potential downside of 9.61% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group reduced their price objective on shares of SLB from $63.00 to $62.00 in a research note on Tuesday, July 7th. Citigroup reduced their price target on shares of SLB from $63.00 to $62.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Sanford C. Bernstein reissued an “outperform” rating on shares of SLB in a report on Tuesday, September 1st. Morgan Stanley increased their price objective on shares of SLB from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $66.00 target price (up from $65.00) on shares of SLB in a report on Sunday, July 26th. Twenty-four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.52.

SLB Trading Up 0.1%

NYSE SLB traded up $0.04 during trading on Monday, hitting $53.10. The company had a trading volume of 12,787,201 shares, compared to its average volume of 15,844,138. The company’s fifty day moving average is $52.57 and its 200-day moving average is $52.17. The company has a market cap of $78.81 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.92 and a beta of 0.83. The company has a current ratio of 1.39, a quick ratio of 1.02 and a debt-to-equity ratio of 0.41. SLB has a one year low of $34.65 and a one year high of $60.46.

SLB (NYSE:SLB) last posted its quarterly earnings data on Friday, October 23rd. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. SLB had a return on equity of 13.77% and a net margin of 8.40%. The business had revenue of $9.45 billion during the quarter, compared to the consensus estimate of $9.27 billion. During the same quarter in the prior year, the company earned $0.69 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts predict that SLB will post 2.47 earnings per share for the current year.

Institutional Trading of SLB

Hedge funds have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC boosted its position in shares of SLB by 2.5% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 21,701 shares of the oil and gas company’s stock valued at $1,057,000 after acquiring an additional 523 shares during the last quarter. apricus wealth LLC increased its position in SLB by 2.1% in the third quarter. apricus wealth LLC now owns 88,600 shares of the oil and gas company’s stock worth $4,317,000 after purchasing an additional 1,860 shares during the last quarter. Blume Capital Management Inc. raised its stake in SLB by 1.7% during the third quarter. Blume Capital Management Inc. now owns 79,401 shares of the oil and gas company’s stock valued at $3,868,000 after purchasing an additional 1,321 shares in the last quarter. Lakewood Asset Management LLC raised its stake in SLB by 7.9% during the third quarter. Lakewood Asset Management LLC now owns 49,071 shares of the oil and gas company’s stock valued at $2,391,000 after purchasing an additional 3,590 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas bought a new position in SLB during the third quarter valued at $432,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB News Roundup

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Q3 earnings and revenue beat expectations. SLB reported adjusted EPS of $0.64 versus the $0.62 consensus estimate and revenue of $9.45 billion versus $9.27 billion expected. Revenue increased 5.8% year over year, while cash flow remained positive. SLB revenue rises 5% as cash flow stays positive in quarter
• Positive Sentiment: Broad-based operational momentum supports the outlook. Management cited growth across divisions, including a gradual Middle East recovery, solid North American performance, and continued strength in international offshore markets. Production Systems—boosted by ChampionX integration—and subsea operations were highlighted as important growth drivers. The 5 most interesting analyst questions from SLB’s Q3 earnings call
• Positive Sentiment: International growth, digital activity and subsea backlog are key catalysts. Commentary on SLB’s third-quarter results points to improving overseas demand and a healthy subsea backlog, while digital momentum could support margins and recurring revenue over time. SLB Q3 deep dive: international growth, digital momentum, and subsea backlog drive outlook
• Neutral Sentiment: International exposure offers growth but increases sensitivity to regional conditions. Investors are evaluating SLB’s reliance on non-U.S. revenue, where Middle East recovery and offshore activity may provide upside but geopolitical and commodity-market volatility remain risks. SLB reliance on international sales: What investors need to know
• Negative Sentiment: Freedom Broker upgraded SLB from “sell” to “hold,” but assigned a $48 price target. The target is below the stock’s recent $53.10 level, signaling limited near-term upside in that firm’s view and potentially capping enthusiasm despite the earnings beat. Freedom Broker SLB rating

SLB Company Profile

SLB, formerly known as Schlumberger, is a global energy technology company that provides products, services and digital solutions to the oil and gas industry. Its offerings support the exploration, development and production of hydrocarbon resources across the life cycle of an oil or gas field.

The company provides reservoir characterization, drilling and well-construction services, well completion and production technologies, and equipment for subsea and surface operations. SLB also develops software, data and automation solutions designed to help energy companies improve operational efficiency, manage reservoirs and reduce emissions.