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Schlumberger (SLB) Stock Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: September 20, 2024 (18:38)
Sector: EnergyThe share price of Schlumberger Limited (SLB) now
News Impact Analyzer
Full report
This Week
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Bullish | Impact: 5 | News: 2 (2/0/0) |
Previous Week
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Bullish | Impact: 5 | News: 2 (2/0/0) |
Two Weeks Ago
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Na | Impact: Na | News: Na |
Three Weeks Ago
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Na | Impact: Na | News: Na |
Analysts predictions
Full report
This Week
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Neutral | Opinions: Na |
Previous Week
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Bullish | Opinions: 1 (1/0/0) |
Two Weeks Ago
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Bullish | Opinions: 1 (1/0/0) |
Three Weeks Ago
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Neutral | Opinions: Na |
Analyzing the Most Important SLB news
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Historical and forecast chart of Schlumberger stock
The chart below shows the historical price of Schlumberger stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Schlumberger stock price can be found in the table below.
Long-term forecasts by years.
Schlumberger Limited Analysts predictions review
As of now, Panda has combed through 2 analytical articles which are directly related to SLB from the last 30 days. Out of these, 2 clearly showcase a bullish trend, while 0 see a bearish trend as the more likely scenario, and 0 stay neutral.
To identify the dominant trend, we took into account analytical articles from the past 30 days, spanning from Aug 27, 2024 to Sep 03, 2024.
SLB: Growth Ahead with ChampionX and Digital Expansion
In his latest analytical financial article, Hoya Capital maintains a bullish stance on SLB stock, presenting a well-argued case for its growth potential. With a remarkable track record of 3,077 publications since 2015 and a substantial subscriber base of 34,711, Hoya Capital’s insights are followed and trusted by many. The frequency and consistency of his contributions, coupled with the high popularity and credibility of his viewpoints, reinforce the authoritative nature of his bullish outlook on SLB. This review delves into the reasoning behind his confidence in SLB’s prospects, providing readers with valuable perspectives from a highly regarded financial analyst.
Key Theses of the Review
- Schlumberger offers a compelling value opportunity with strong business performance, low P/E, and forward growth expectations.
- The company's focus on resilient market segments and robust digital growth, combined with the pending ChampionX acquisition, positions SLB well for continued growth.
- SLB has a solid balance sheet, expanding margins, and a robust capital return strategy, enhancing shareholder value.
Key Factors Influencing SLB's Stock Price
Strong Business Performance and Robust Digital Growth
SLB's revenue grew by 5% sequentially in Q2 2024, driven by international markets. This consistent performance is crucial for maintaining investor confidence and driving stock price upward.
Pending ChampionX Acquisition
The acquisition of ChampionX, which holds a leading market share in the chemicals production space, significantly expands SLB's presence and enhances its revenue stream potential over decades, positively impacting future stock price.
Solid Balance Sheet and Capital Return Strategy
With a low net debt to TTM EBITDA ratio of 1.2x and a planned capital return of $3 billion this year, along with $4 billion slated for 2025, SLB is in a strong financial position to sustain dividends and buybacks, boosting shareholder value.
Global Macroeconomic Environment
A potential slowdown in the global economy could reduce demand for oilfield services, impacting SLB's stock negatively. However, current favorable conditions in resilient market segments mitigate this risk to some extent.
Digital and Technological Advancements
With a 28% YoY increase in Delfi platform users and a 57% increase in connected assets, SLB’s digital growth supports margin expansion and overall business efficiency, positively influencing its stock price.
Oil Price Volatility and Market Cyclicality
SLB’s stock is highly sensitive to oil price fluctuations and sector cyclicality. Recent drops by 25% over the past 12 months underline this volatility, making it a significant factor to monitor.
Review the original AnalysisSLB Primed for Dividend Growth: Margins Soar Amid Strategic Shift
John-Paul Lake's latest analytical financial article showcases a bullish stance on SLB stock, reflecting his optimism about the company's potential. With four publications since becoming a contributor in 2024, Lake has shared his insights with a growing audience, evident from his 27 subscribers. Although he is relatively new to the platform with a brief tenure, his continuous contributions indicate a dedicated effort to engage with the financial community. While his opinions might not be widely recognized as highly authoritative yet, they provide a fresh perspective worthy of consideration by those following SLB's market performance.
Key Theses
- SLB has reorganized its business to focus on less cyclical products and services needed by the broader oil/gas industry.
- Profit margins are continuing to improve and will support a growing dividend.
- Valuation is near 20-year lows.
- Institutional ownership lags behind peers and could be a catalyst for a rising share price if institutional buying picks up.
Factors Influencing SLB Stock Price
Business Reorganization
SLB’s shift to less cyclical, higher-margin, and capital-light divisions enhances profitability and stability. This directly supports dividend growth and improves financial predictability, both of which are attractive to investors.
Profit Margins Improvement
Gross margins improved from 12.75% in 2019 to 19.81% in 2023, indicating significant operational efficiency gains. Higher margins generally lead to increased earnings and, subsequently, higher stock prices.
Valuation
SLB trades at multiples near 20-year lows, offering a compelling value play. Low valuation implies potential for price appreciation as the market recognizes the improved fundamentals.
Institutional Ownership
Institutional ownership is currently below peers by 4-11 points. An increase in institutional buying could drive demand and push the share price higher.
Digital and Integration Segment Growth
The Digital and Integration segment is projected to double its revenue from $3.29 billion in 2021 to $6.6 billion by 2025, and operates at a margin of over 30%. This segment alone could represent a significant portion of SLB’s market cap.
ChampionX Acquisition
The acquisition is expected to yield $400 million in synergies, improving the profitability of the Production Systems segment. However, this factor is contingent on regulatory approval and execution of projected efficiencies.
Correlation with Oil Prices
SLB’s stock is highly correlated with oil prices; prolonged periods of oil prices below $70 per barrel could harm revenues and profitability. Therefore, macroeconomic factors affecting oil prices will significantly impact SLB’s stock.
Review the original AnalysisCommentary
SLB's focused transformation towards less cyclical, high-margin sectors seems to be paying off handsomely. The company has demonstrated exceptional operational prowess by enhancing its profit margins significantly, up from 12.75% in 2019 to 19.81% in 2023. This bolstered financial strength makes a compelling case for dividend growth, which in turn can attract more investors and bolster the share price. Additionally, trading near 20-year low valuations, SLB presents a quintessential value play with room for substantial upside as market recognition grows.
Despite lagging behind peers in institutional ownership, this factor could turn into a positive catalyst if institutional buying accelerates. Moreover, SLB's thriving Digital and Integration segment, projected to double its revenue by 2025, adds an essential layer of optimism. While macroeconomic factors, notably oil prices, remain influential, the overall outlook for SLB appears robust. Given these factors' average significance level hovering around 7.14, SLB's stock could experience a favorable trend in the next 15 days and the coming month.
Comprehensive Analysis of Schlumberger (SLB) Stock Market Performance
Our multifaceted analysis of Schlumberger's stock market is grounded in the company's key news stories, insights from reputable analysts, as well as mathematical and technical evaluations. Taking into account assessments from each of these aspects in real-time helps us address the most crucial questions for investors in the most objective way possible:
- When should I take profit in Schlumberger stock?
- When should I record a loss on Schlumberger stock?
- What are analysts' forecasts for Schlumberger stock?
- What is the future of Schlumberger stock?
We forecast Schlumberger stock performance using neural networks based on historical data on Schlumberger stocks.
Schlumberger Limited News influencing stock rates
As of now, Panda has combed through 4 news items directly related to SLB from the last 30 days. Out of these, 4 clearly showcase a bullish trend, while 0 display bearish tendencies, and 0 events are neutral.
Based on an analysis of the most important news from the last 30 days affecting SLB shares, it's clear that bullish sentiments are completely overshadowing bearish ones. The impact of positive news is more than five times as dominant as that of negative developments.
The news analyzed fell within the period from Sep 10, 2024, to Sep 19, 2024.
SLB Achieves Lithium Extraction Breakthrough, Eyes Sustainable Future
SLB Expands in Russia Amid Market Exodus
Schlumberger to Exit Euronext Paris Due to Low Volume and High Costs
Halliburton Stumbles on North America Weakness While SLB Shines Internationally
Schlumberger Soars: Production Up 31%, Middle East/Asia Revenue Surges in Q2
Schlumberger Maintains Steady Quarterly Dividend at $0.275
Schlumberger Q2 Earnings Beat by $0.02, Revenue Surpasses Estimates by $50M
SLB Q2 Earnings Preview: International Growth Set to Drive Higher Profits
Schlumberger is the largest oilfield services company. The company’s headquarters are located in Houston, Paris, London and The Hague. Registered offshore in the Netherlands Antilles. It operates in 85 countries, including Russia and Kazakhstan. The company employs 95 thousand people. Carries out geophysical research in order to search and determine the size of oil and natural gas deposits, develops and manufactures drilling equipment and carries out drilling operations.
Schlumberger daily forecast for a month
Date | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Sep 22 | 43.90 | 43.33 | 44.51 | 2.74 |
Sep 23 | 43.78 | 43.18 | 44.17 | 2.29 |
Sep 24 | 43.87 | 43.57 | 44.29 | 1.67 |
Sep 25 | 43.97 | 43.31 | 44.30 | 2.29 |
Sep 26 | 44.01 | 43.54 | 44.65 | 2.55 |
Sep 27 | 44.72 | 44.49 | 45.18 | 1.57 |
Sep 28 | 44.77 | 44.39 | 45.07 | 1.53 |
Sep 29 | 44.61 | 44.24 | 44.82 | 1.33 |
Sep 30 | 44.11 | 43.55 | 44.53 | 2.27 |
Oct 01 | 43.93 | 43.40 | 44.44 | 2.41 |
Oct 02 | 43.95 | 43.69 | 44.23 | 1.25 |
Oct 03 | 44.54 | 44.28 | 45.08 | 1.81 |
Oct 04 | 45.15 | 44.95 | 45.55 | 1.35 |
Oct 05 | 45.13 | 44.74 | 45.39 | 1.45 |
Oct 06 | 45.30 | 44.65 | 45.73 | 2.41 |
Oct 07 | 45.19 | 44.50 | 45.68 | 2.64 |
Oct 08 | 46.08 | 45.76 | 46.72 | 2.09 |
Oct 09 | 46.56 | 46.34 | 46.96 | 1.33 |
Oct 10 | 47.00 | 46.57 | 47.57 | 2.14 |
Oct 11 | 46.34 | 45.76 | 46.89 | 2.47 |
Oct 12 | 46.67 | 46.19 | 47.01 | 1.78 |
Oct 13 | 46.45 | 45.94 | 46.99 | 2.28 |
Oct 14 | 46.20 | 45.79 | 46.78 | 2.16 |
Oct 15 | 46.48 | 46.25 | 47.04 | 1.71 |
Oct 16 | 46.43 | 46.17 | 46.91 | 1.59 |
Oct 17 | 46.91 | 46.54 | 47.37 | 1.77 |
Oct 18 | 46.53 | 45.87 | 47.12 | 2.72 |
Oct 19 | 45.93 | 45.49 | 46.44 | 2.10 |
Oct 20 | 46.03 | 45.41 | 46.21 | 1.76 |
Oct 21 | 45.47 | 44.94 | 45.65 | 1.58 |
Schlumberger Daily Price Targets
Schlumberger Stock Forecast 09-22-2024.
Forecast target price for 09-22-2024: $43.90.
Positive dynamics for Schlumberger shares will prevail with possible volatility of 2.663%.
Pessimistic target level: 43.33
Optimistic target level: 44.51
Schlumberger Stock Forecast 09-23-2024.
Forecast target price for 09-23-2024: $43.78.
Negative dynamics for Schlumberger shares will prevail with possible volatility of 2.240%.
Pessimistic target level: 43.18
Optimistic target level: 44.17
Schlumberger Stock Forecast 09-24-2024.
Forecast target price for 09-24-2024: $43.87.
Positive dynamics for Schlumberger shares will prevail with possible volatility of 1.644%.
Pessimistic target level: 43.57
Optimistic target level: 44.29
Schlumberger Stock Forecast 09-25-2024.
Forecast target price for 09-25-2024: $43.97.
Positive dynamics for Schlumberger shares will prevail with possible volatility of 2.243%.
Pessimistic target level: 43.31
Optimistic target level: 44.30
Schlumberger Stock Forecast 09-26-2024.
Forecast target price for 09-26-2024: $44.01.
Positive dynamics for Schlumberger shares will prevail with possible volatility of 2.484%.
Pessimistic target level: 43.54
Optimistic target level: 44.65
Schlumberger Stock Forecast 09-27-2024.
Forecast target price for 09-27-2024: $44.72.
Positive dynamics for Schlumberger shares will prevail with possible volatility of 1.544%.
Pessimistic target level: 44.49
Optimistic target level: 45.18
SLB (SLB) Monthly Stock Prediction for 2024
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Oct. | 40.60 | 39.33 | 41.92 | 6.16 |
Nov. | 44.11 | 42.68 | 45.43 | 6.06 |
Dec. | 46.17 | 42.68 | 47.61 | 10.36 |
Schlumberger forecast for this year
Schlumberger Stock Prediction for Oct 2024
An downtrend is forecast for this month with an optimal target price of $40.6001. Pessimistic: $39.33. Optimistic: $41.92
Schlumberger Stock Prediction for Nov 2024
An uptrend is forecast for this month with an optimal target price of $44.108. Pessimistic: $42.68. Optimistic: $45.43
Schlumberger Stock Prediction for Dec 2024
An uptrend is forecast for this month with an optimal target price of $46.1723. Pessimistic: $42.68. Optimistic: $47.61
Schlumberger (SLB) Monthly Stock Prediction for 2025
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 47.45 | 45.91 | 51.03 | 10.04 |
Feb | 42.21 | 38.41 | 44.59 | 13.86 |
Mar | 43.53 | 39.61 | 44.57 | 11.13 |
Apr | 42.74 | 40.69 | 44.79 | 9.16 |
May | 41.20 | 38.98 | 42.54 | 8.37 |
Jun | 39.27 | 37.39 | 43.00 | 13.04 |
Jul | 40.08 | 36.47 | 42.96 | 15.11 |
Aug | 36.57 | 33.19 | 39.46 | 15.90 |
Sep | 35.95 | 34.87 | 38.63 | 9.72 |
Oct | 36.94 | 34.90 | 40.05 | 12.84 |
Nov | 38.45 | 36.01 | 41.31 | 12.84 |
Dec | 39.37 | 35.78 | 41.83 | 14.46 |
Schlumberger (SLB) Monthly Stock Prediction for 2026
Month | Target | Pes. | Opt. | Vol., % |
---|---|---|---|---|
Jan | 39.04 | 38.11 | 41.43 | 8.03 |
Feb | 43.26 | 40.25 | 44.92 | 10.40 |
Mar | 44.40 | 41.10 | 48.02 | 14.42 |
Apr | 43.02 | 39.56 | 46.37 | 14.69 |
May | 39.56 | 36.61 | 40.79 | 10.24 |
Jun | 35.19 | 32.91 | 36.16 | 8.99 |
Jul | 35.53 | 33.57 | 37.23 | 9.85 |
Aug | 36.47 | 33.67 | 37.52 | 10.26 |
Sep | 36.77 | 35.45 | 39.60 | 10.48 |
Oct | 40.08 | 38.78 | 41.72 | 7.03 |
Nov | 39.94 | 36.68 | 41.18 | 10.94 |
Dec | 38.84 | 35.76 | 41.35 | 13.52 |
Schlumberger information and performance
5599 SAN FELIPE, 17TH FLOOR, HOUSTON, TX, US
Market capitalization of the Schlumberger Limited is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of SLB shares in the company outstanding by the market price of one share.
EBITDA of Schlumberger is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Schlumberger (SLB) stock dividend
Schlumberger last paid dividends on 09/04/2024. The next scheduled payment will be on 10/10/2024. The amount of dividends is $1.05 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.
Last Split Date: 01/01/1970
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.
For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.
Related stocks from Energy sector
All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.
Commentary
Schlumberger (SLB) is poised for strong growth, propelled by its robust digital advancements and anticipated acquisition of ChampionX. A significant 28% YoY increase in Delfi platform users and a 57% rise in connected assets signal a substantial uptick in business efficiency and profit margins. Additionally, the ChampionX deal broadens SLB's market scope within the chemicals production sector, setting the stage for long-term revenue gains. These advancements collectively ensure SLB remains an attractive investment opportunity.
SLB's solid financial footing, underscored by a low net debt to EBITDA ratio of 1.2x and a strategic $3 billion capital return initiative, further amplifies investor confidence. However, potential headwinds such as the fluctuating global economy and inherent oil price volatility might temper short-term gains. Nonetheless, the average influence strength of the positive factors (7.4) suggests a bullish trend for SLB's stock in the coming month.