SLB (NYSE:SLB) Stock Rating Upgraded by Freedom Broker

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

Several other equities research analysts have also weighed in on the company. Capital One Financial decreased their target price on shares of SLB from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Tuesday, August 18th. Jefferies Financial Group reiterated a “buy” rating and issued a $66.00 target price (up from $65.00) on shares of SLB in a research report on Sunday, July 26th. TD Cowen reiterated a “buy” rating on shares of SLB in a research report on Monday. Morgan Stanley increased their target price 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, Wolfe Research assumed coverage on shares of SLB in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 target price for the company. Twenty-four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.52.

SLB Stock Performance

Shares of SLB stock traded up $0.04 on Monday, hitting $53.10. 12,774,068 shares of the stock traded hands, compared to its average volume of 15,844,092. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.39 and a quick ratio of 1.02. The company has a market capitalization of $78.81 billion, a PE ratio of 25.78, a PEG ratio of 2.92 and a beta of 0.83. SLB has a 1-year low of $34.65 and a 1-year high of $60.46. The company’s fifty day moving average is $52.57 and its 200 day moving average is $52.17.

SLB (NYSE:SLB) last issued its earnings results on Friday, October 23rd. The oil and gas company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. SLB had a return on equity of 13.77% and a net margin of 8.40%. The firm had revenue of $9.45 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same period last year, the company earned $0.69 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts predict that SLB will post 2.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SLB

Institutional investors have recently bought and sold shares of the business. Evergreen Advisors LLC acquired a new position in shares of SLB in the first quarter worth $26,000. Costello Asset Management INC increased its stake in shares of SLB by 93.3% in the first quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 280 shares during the last quarter. Arlington Trust Co LLC increased its stake in shares of SLB by 66.5% in the second quarter. Arlington Trust Co LLC now owns 701 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 280 shares during the last quarter. Maryland Capital Advisors Inc. acquired a new position in shares of SLB in the second quarter worth $35,000. Finally, Sound Income Strategies LLC increased its stake in shares of SLB by 71.1% in the first quarter. Sound Income Strategies LLC now owns 780 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 324 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB reported third-quarter EPS of $0.64, above the $0.62 consensus estimate, while revenue of $9.45 billion exceeded expectations of $9.27 billion and rose 5.8% year over year. Positive cash flow and growth across regions—including a 13% sequential increase in Middle East revenue—helped support the recent share advance. SLB revenue rises 5% as cash flow stays positive in quarter
• Positive Sentiment: Management cited broad-based momentum in production systems, subsea operations, North America, offshore international markets and digital services. The ChampionX integration and a growing subsea backlog were identified as important longer-term growth drivers. The 5 most interesting analyst questions from SLB’s Q3 earnings call
• Positive Sentiment: SLB opened a Canadian modular data-center infrastructure facility intended to support Meta projects. The initiative expands the company’s exposure beyond oilfield services and could provide additional growth tied to hyperscale data-center demand. SLB opens Canada facility after data center win

About SLB

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.