Schlumberger (SLB) Stock Forecast for 2024, 2025, 2026. Sell or Buy Prediction







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Schlumberger (SLB) Stock Forecast for 2024, 2025, 2026. Sell or Buy?

Updated: September 20, 2024 (18:38)

Sector: Energy

The share price of Schlumberger Limited (SLB) now

Latest session on the 19th of September for
Schlumberger Limited is positive
Trading Volume: 17113276
Open: 42.7 /  High: 43.27 /  Low: 42.03
What analysts predict: $64.55
52-week High/Low: $59.99 / $38.66
50-Day Moving Average: $44.61 — resistance level today
200-Day Moving Average: $48.23 — resistance level today

News Impact Analyzer

Full report
This Week
Bullish Impact: 5 News: 2 (2/0/0)
Previous Week
Bullish Impact: 5 News: 2 (2/0/0)
Two Weeks Ago
Na Impact: Na News: Na
Three Weeks Ago
Na Impact: Na News: Na

Analysts predictions

Full report
This Week
Neutral Opinions: Na
Previous Week
Bullish Opinions: 1 (1/0/0)
Two Weeks Ago
Bullish Opinions: 1 (1/0/0)
Three Weeks Ago
Neutral Opinions: Na

Analyzing the Most Important SLB news

SLB and Nvidia Revolutionize Energy Industry with AI Solutions

Sep 19, 2024
Trend: Bullish
Influence: 8
The partnership between SLB and Nvidia on AI solutions signals a technological advancement for SLB that is likely to optimize operations and reduce costs. This strategic move is seen as positive by investors, contributing to a 2.1% pre-market boost. It enhances SLB's position in the energy sector, potentially driving future stock price increases as efficiencies improve.

SLB Unveils Game-Changing AI Platform 'Lumi'

Sep 17, 2024
Trend: Bullish
Influence: 7
The launch of Lumi integrates advanced AI into energy workflows, highlighting SLB's innovation and competitiveness. By enhancing capabilities with generative AI, SLB taps into a key technological trend, appealing to tech-savvy investors. This development likely boosts investor confidence and market perception, potentially leading to a positive impact on SLB's stock price in the near term.

Halliburton's Limited Diversification Sparks Downgrade Amid Commodity Slump

Sep 13, 2024
Trend: Bullish
Influence: 5
The downgrade of Halliburton due to its lack of revenue diversification signals a potential advantage for SLB, known for global market exposure. This can steer investor interest toward SLB, enhancing its stock performance. However, the influence is moderate as overall industry conditions remain a crucial determinant for SLB’s future stock behavior.

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

Trend: Bullish
Sep 03, 2024

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

Significance: 9 out of 10

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

Significance: 8 out of 10

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

Significance: 7 out of 10

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

Significance: 6 out of 10

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

Significance: 7 out of 10

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

Significance: 8 out of 10

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 Analysis

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.

SLB Primed for Dividend Growth: Margins Soar Amid Strategic Shift

Trend: Bullish
Aug 27, 2024

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

Significance: 8 out of 10

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

Significance: 9 out of 10

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

Significance: 7 out of 10

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

Significance: 6 out of 10

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

Significance: 7 out of 10

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

Significance: 5 out of 10

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

Significance: 8 out of 10

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 Analysis

Commentary

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.

Jul 22, 2024
SLB's Growth Engine: Unveiling the Overlooked Middle East and Tech Potential
Trend: Strong Bullish

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.

βeta
Sep 10, 2024

SLB Achieves Lithium Extraction Breakthrough, Eyes Sustainable Future

Trend: Bullish
Influence: 7
SLB's advancement in lithium extraction with eco-friendly methods represents a significant technological milestone in a rapidly growing industry. This positions SLB strategically in the green energy transition, potentially driving future revenue growth. Despite a minor current stock dip, the long-term prospects appear positive, influencing investor sentiment towards a bullish outlook with notable impact potential on stock price.
Aug 16, 2024

SLB Expands in Russia Amid Market Exodus

Trend: Bullish
Influence: 7
SLB's continued expansion in Russia, despite competitors withdrawing, shows a strategic move to gain market share. This could lead to increased revenues but also entails compliance risk. Given Russia's significant oil reserves, SLB's efforts to secure contracts and staff can positively impact its stock.
Jul 25, 2024

Schlumberger to Exit Euronext Paris Due to Low Volume and High Costs

Trend: Neutral
Influence: 4
The voluntary delisting from Euronext Paris is a strategic move to cut costs and streamline operations. While reducing administrative burdens, its primary NYSE listing remains unaffected. This has a moderate impact, reflecting neutral sentiment as operations and stock liquidity on NYSE continue as usual.
Jul 19, 2024

Halliburton Stumbles on North America Weakness While SLB Shines Internationally

Trend: Bullish
Influence: 7
SLB showcases strong Q2 performance with 13% higher revenues, primarily driven by its robust international segment, indicating a bullish trend. Despite North America weaknesses, international growth supports stability and potential appreciation in SLB stock. The substantial international revenue provides a buffer and opportunity for future gains.
Jul 19, 2024

Schlumberger Soars: Production Up 31%, Middle East/Asia Revenue Surges in Q2

Trend: Bullish
Influence: 9
The strong growth in production systems by 31% and a 24% rise in Middle East/Asia revenue indicate robust operational performance for Schlumberger. This positive financial news is likely to bolster investor confidence and drive the stock price higher in the near term.
Jul 19, 2024

Schlumberger Maintains Steady Quarterly Dividend at $0.275

Trend: Neutral
Influence: 4
The dividend of $0.275 per share, consistent with previous payments, reflects stability but does not indicate growth, resulting in a neutral impact. The forward yield of 2.26% is satisfactory but not extraordinary. This news is unlikely to significantly influence SLB's stock price in the short term.
Jul 19, 2024

Schlumberger Q2 Earnings Beat by $0.02, Revenue Surpasses Estimates by $50M

Trend: Bullish
Influence: 8
Schlumberger's Q2 performance reflects strong growth and positive momentum, with significant increases in revenue and EBITDA. These results, along with a healthy dividend, indicate solid market positioning and a favorable outlook, particularly in key international regions. This performance is likely to boost investor confidence and positively impact SLB’s stock price.
Jul 18, 2024

SLB Q2 Earnings Preview: International Growth Set to Drive Higher Profits

Trend: Bullish
Influence: 8
Strong Q2 expectations driven by international growth, particularly in the Middle East, Asia, and Africa, and a positive seasonal rebound indicate a bullish trend for SLB. Consistent historical EPS beats further boost confidence, despite North American market softness. This should positively influence SLB's stock price in the near term.

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.

Trending Themes in the Energy Sector

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

Schlumberger Address

5599 SAN FELIPE, 17TH FLOOR, HOUSTON, TX, US

Market Capitalization: 60 698 161 000 $

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: 7 822 000 000 $

EBITDA of Schlumberger is earnings before interest, income tax and depreciation of assets.

PE Ratio: 13.97

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 0.73

Price/earnings to growth

DPS: 1.05

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.

DY: 0.0257

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 3.06

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: 0.069
Quarterly Revenue Growth YOY: 0.117
Trailing PE: 13.97

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 PE: 10.58

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 1.988

Enterprise Value (EV) /Revenue

EV To EBITDA: 8.76

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 1419840000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

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 Factor:

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.



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Disclaimer:

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.