SLB (NYSE:SLB) Upgraded at Freedom Broker

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

SLB has been the topic of a number of other reports. Susquehanna raised their target price on shares of SLB from $55.00 to $62.00 and gave the stock a “positive” rating in a research report on Monday, July 27th. Barclays reduced their target price on shares of SLB from $66.00 to $63.00 and set an “overweight” rating on the stock in a research report on Monday. The Goldman Sachs Group reduced their target price on shares of SLB from $63.00 to $62.00 in a research report on Tuesday, July 7th. Morgan Stanley raised their target price on shares of SLB from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Finally, Piper Sandler raised their target price on shares of SLB from $63.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday. Twenty-four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.52.

SLB Price Performance

Shares of NYSE SLB traded up $0.04 during mid-day trading on Monday, hitting $53.10. 12,787,201 shares of the company’s stock traded hands, compared to its average volume of 15,844,138. The company’s 50-day moving average is $52.50 and its two-hundred day moving average is $51.13. 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 P/E 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.

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

Institutional Investors Weigh In On SLB

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC lifted its stake in shares of SLB by 2.5% during the third quarter. Flagship Harbor Advisors LLC now owns 21,701 shares of the oil and gas company’s stock worth $1,057,000 after buying an additional 523 shares during the period. apricus wealth LLC lifted its stake in shares of SLB by 2.1% during the third quarter. apricus wealth LLC now owns 88,600 shares of the oil and gas company’s stock worth $4,317,000 after buying an additional 1,860 shares during the period. Blume Capital Management Inc. lifted its stake in shares of 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 worth $3,868,000 after buying an additional 1,321 shares during the period. Lakewood Asset Management LLC lifted its stake in shares of 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 worth $2,391,000 after buying an additional 3,590 shares during the period. Finally, Smith Chas P & Associates PA Cpas acquired a new stake in shares of SLB during the third quarter worth $432,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Key SLB News

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

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.