SLB (NYSE:SLB) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of SLB (NYSE:SLB) from a hold rating to a strong sell rating in a report issued on Monday morning,Zacks.com reports.

Several other research firms have also weighed in on SLB. Morgan Stanley boosted their target price on shares of SLB from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank Of Canada restated an “outperform” rating and set a $61.00 price target on shares of SLB in a report on Tuesday, June 16th. Evercore reaffirmed an “outperform” rating and set a $66.00 price target on shares of SLB in a research report on Monday. Raymond James Financial decreased their price objective on SLB from $62.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Finally, Weiss Ratings lowered SLB from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.35.

SLB Stock Down 3.0%

NYSE SLB opened at $50.00 on Monday. SLB has a 52 week low of $31.64 and a 52 week high of $58.82. The company has a quick ratio of 1.05, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $50.91 and its 200-day simple moving average is $50.71. The firm has a market cap of $74.76 billion, a PE ratio of 24.16, a P/E/G ratio of 2.11 and a beta of 0.72.

SLB (NYSE:SLB) last announced its quarterly earnings results on Friday, July 24th. The oil and gas company reported $0.55 earnings per share 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 firm had revenue of $8.97 billion for 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 company’s revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that SLB will post 2.49 earnings per share 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 $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 2nd. SLB’s payout ratio is currently 57.00%.

Insider Activity

In other SLB news, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.33, for a total transaction of $108,660.00. Following the sale, the director directly owned 16,953 shares in the company, valued at $921,056.49. This represents a 10.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steve Matthew Gassen sold 53,379 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the sale, the executive vice president directly owned 47,421 shares in the company, valued at $2,664,111.78. This represents a 52.96% decrease in their position. The SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SLB

Several large investors have recently added to or reduced their stakes in SLB. Vanguard Group Inc. grew its stake in shares of SLB by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 186,455,878 shares of the oil and gas company’s stock worth $7,156,177,000 after acquiring an additional 1,080,999 shares in the last quarter. State Street Corp boosted its holdings in SLB by 1.0% in the fourth quarter. State Street Corp now owns 84,417,217 shares of the oil and gas company’s stock valued at $3,263,998,000 after purchasing an additional 799,218 shares during the period. Charles Schwab Investment Management Inc. grew its stake in SLB by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,006,438 shares of the oil and gas company’s stock worth $2,072,844,000 after purchasing an additional 1,458,650 shares in the last quarter. Morgan Stanley increased its holdings in SLB by 1.3% during the 4th quarter. Morgan Stanley now owns 37,095,243 shares of the oil and gas company’s stock worth $1,423,716,000 after purchasing an additional 482,533 shares during the period. Finally, Geode Capital Management LLC increased its holdings in SLB by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 33,840,883 shares of the oil and gas company’s stock worth $1,292,993,000 after purchasing an additional 510,747 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

SLB News Roundup

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB exceeded second-quarter expectations, reporting adjusted EPS of $0.55 versus the $0.51 consensus and revenue of $8.97 billion versus $8.67 billion. Sequential revenue growth, margin expansion and stronger cash-flow prospects have prompted analysts to raise forecasts. SLB Analysts Increase Their Forecasts After Upbeat Q2 Results
• Positive Sentiment: Several firms increased their targets: Morgan Stanley raised its target to $55 and kept an Overweight rating, while BMO lifted its target to $63 and maintained Outperform. Goldman Sachs reiterated Buy with a $62 target, citing international recovery and data-center-related digital expansion. Goldman Sachs SLB Rating
• Positive Sentiment: Analysts see a stronger 2027 outlook driven by offshore and deepwater activity, digital solutions, production gains from ChampionX and a gradual recovery in international markets. SLB’s Q4 outlook reportedly calls for revenue above $10 billion and an adjusted EBITDA margin of about 24%. SLB Growth Outlook
• Neutral Sentiment: Analyst consensus is broadly bullish, but the stock’s roughly $50 price remains near its 50-day and 200-day moving averages, suggesting investors are waiting for clearer evidence that the expected recovery will materialize.
• Negative Sentiment: Middle East well shutdowns and geopolitical uncertainty continue to weigh on near-term operations. Falling oil prices, potential delays in regional recovery and elevated net debt could limit earnings momentum and explain why some brokers previously reduced targets. SLB CEO Sends Clear Message on Oil Services Upcycle

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.