Schlumberger N.V. ($SLB) Stock Forecast: Down 5.1% Today

What is Schlumberger N.V.?

Schlumberger (SLB) is a leading oilfield services company, providing technology, information solutions, and integrated project management. The company operates in over 120 countries and has a strong presence in the energy sector.

Why is Schlumberger N.V. going down?

SLB stock is down 5.1% on Jan 22, 2025 20:51

• SLB had a bearish movement despite positive news such as collaborating to advance geothermal technology and maintaining revenue guidance.
• The cautious discretionary spending by clients might have impacted the market sentiment negatively.
• Even though SLB reported strong Q4 earnings, concerns about future demand due to client caution could have overshadowed the positive aspects like dividend increase and share repurchase initiatives.
• The overall market sentiment towards SLB seems to be influenced more by future demand uncertainties rather than the positive developments in geothermal technology and revenue guidance.

SLB Price Chart

SLB Technical Analysis

SLB News

SLB Teams Up With Star Energy Geothermal To Advance Geothermal Tech: Details - Schlumberger ( NYSE:SLB )

SLB and Star Energy Geothermal aim to improve geothermal project efficiency. The collaboration focuses on advanced technologies for subsurface characterization. Get Wall Street's Hottest Chart Every Morning Schlumberger N.V.

https://www.benzinga.com/25/01/43135328/slb-teams-up-with-star-energy-geothermal-to-advance-geothermal-tech

SLB Defies Market Expectations, Says JP Morgan - Schlumberger ( NYSE:SLB )

Schlumberger maintains flat 2025 revenue guidance at $36 billion. Digital growth and low-carbon activities are key drivers for 2025. JP Morgan analyst Arun Jayaram reiterated an Overweight rating on the shares of Schlumberger NV SLB and raised the price target from $48 to $50.

https://www.benzinga.com/news/25/01/43111724/slb-defies-market-expectations-says-jp-morgan

Nabors' Third Rig in Waha to Boost Libya's Energy Potential

NBR's addition of a third drilling rig in Libya's Sirte Basin will boost collaboration between Libya and the United States in the energy sector.

https://www.zacks.com/stock/news/2400214/nabors-third-rig-in-waha-to-boost-libyas-energy-potential

Should Investors Steer Clear of SLB Stock Despite Strong Q4 Earnings?

SLB reports strong Q4 earnings, but with clients becoming cautious in their discretionary spending, demand for its products & services is likely to be hurt.

https://www.zacks.com/stock/news/2400141/should-investors-steer-clear-of-slb-stock-despite-strong-q4-earnings

Schlumberger Q4: Earnings Beat, Dividend Boost, Offshore Boom And More - Schlumberger ( NYSE:SLB )

SLB raised its dividend by 3.6% and initiated $2.3 billion in accelerated share repurchase, boosting shareholder returns. SLB Q4 revenue grew 3% to $9.28 billion, exceeding estimates, with strong international performance and acquisitions contributing. Schlumberger N.V.

https://www.benzinga.com/25/01/43055401/schlumberger-posts-strong-q4-results-raises-dividend-and-buybacks-championx-deal-to-strengthen-future-growth

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Schlumberger N.V. Price History

20.07.2024 - SLB Stock was down 3.3%

• The bearish movement in SLB's stock could be attributed to the decision to expand its operations in Russia, which may have raised concerns among investors about potential risks.
• Collaboration with Palo Alto Networks to bolster cybersecurity in the energy sector might have sparked broader concerns about cybersecurity threats affecting SLB's operations and financial performance.
• SLB's partnership with Palo Alto Networks reflects a proactive approach to tackling cybersecurity challenges in the energy industry, though investors may be wary of evolving cyber threats and their potential impact.
• The bearish movement in SLB's stock today likely stems from a mix of factors, such as geopolitical risks tied to its Russian expansion and worries about cybersecurity vulnerabilities, despite efforts to fortify defenses with Palo Alto Networks.

17.00.2025 - SLB Stock was up 5.7%

• SLB had a strong bullish movement today due to several positive factors:
• SLB raised its dividend by 3.6% and initiated a significant share repurchase, boosting shareholder returns.
• Q4 revenue exceeded estimates, growing 3% to $9.28 billion, driven by strong international performance and acquisitions.
• Securing multiple drilling contracts for Shell's deepwater assets showcases SLB's technological prowess and industry expertise.
• Despite some analysts downgrading their outlook on SLB, the positive earnings, dividend increase, and new contracts have outweighed the bearish sentiment, leading to the bullish market movement today.

18.09.2024 - SLB Stock was down 3.0%

• SLB reported mixed third-quarter results with revenue slightly missing consensus estimates, leading to a bearish market movement.
• Despite earnings beating estimates and revenue growth in key regions like the Middle East and Asia, the overall sentiment towards SLB remains bearish due to a slowdown in drilling activity globally.
• The contrasting performance in different regions, with the Middle East shining but Latin America faltering, might have contributed to investor uncertainty and the subsequent bearish movement in SLB stock.
• The anticipation and uncertainty surrounding SLB's Q3 earnings, coupled with the broader market conditions, could have influenced the negative market sentiment towards the stock today.

06.10.2024 - SLB Stock was up 5.4%

• Unusual options activity indicating a bullish sentiment from deep-pocketed investors could have contributed to the bullish movement in SLB's stock.
• The partnership between SLB's OneSubsea and BP for a key subsea contract in the Gulf of Mexico may have boosted investor confidence in SLB's future prospects.
• Positive news about winning a significant contract with BP could have led to increased investor interest and buying activity in SLB's stock.

19.11.2024 - SLB Stock was down 5.1%

• The significant bearish movement in SLB's stock price could be attributed to investors' concerns about the company's financial performance, leading to a 30% decline year-to-date.
• Despite SLB's efforts to integrate low-emission technologies and reduce its carbon footprint, the market may be reacting more strongly to broader industry challenges or specific company issues.
• Investors are likely questioning the long-term sustainability of SLB's business model and its ability to navigate the evolving energy landscape, which could be driving the sell-off in the stock.
• The market sentiment seems to indicate a lack of confidence in SLB's current strategy or future prospects, prompting investors to reevaluate their positions and potentially consider exiting their investments in the company.

17.11.2024 - SLB Stock was down 5.1%

• The award of a major offshore contract worth $800 million from Petrobras to SLB should have been a positive catalyst for the stock. However, the market's reaction suggests that investors may have had different expectations or concerns.
• The delayed start date of the contract in April 2025 could have raised uncertainties about SLB's revenue stream in the near term, leading to a sell-off.
• Investors might be cautious about the broader implications of this contract on SLB's profitability and growth prospects, considering the competitive landscape and potential challenges in the oil and gas industry.
• The bearish movement could also be influenced by broader market trends, sector rotation, or macroeconomic factors impacting the energy sector, further exacerbating the negative sentiment towards SLB.

22.00.2025 - SLB Stock was down 5.1%

• SLB had a bearish movement despite positive news such as collaborating to advance geothermal technology and maintaining revenue guidance.
• The cautious discretionary spending by clients might have impacted the market sentiment negatively.
• Even though SLB reported strong Q4 earnings, concerns about future demand due to client caution could have overshadowed the positive aspects like dividend increase and share repurchase initiatives.
• The overall market sentiment towards SLB seems to be influenced more by future demand uncertainties rather than the positive developments in geothermal technology and revenue guidance.

09.09.2023 - SLB Stock was up 5.0%

• The bullish movement in SLB's stock today can be attributed to the following factors:
• 1. OPEC's Optimism: The bullish sentiment in the oil market, driven by OPEC's positive outlook on oil demand, has likely boosted investor confidence in oil-related stocks like SLB.
• 2. Weak Demand and Diesel Ban: The decline in oil stocks earlier in the day, including SLB, was due to weak demand for gasoline and reports of Russia potentially lifting its diesel ban. However, the market sentiment seems to have shifted, leading to the bullish movement in SLB's stock.
• 3. Offshore Tech Venture: SLB's recent joint venture with Aker Solutions and Subsea7 to redefine offshore energy technology and sustainability may have also contributed to the positive market sentiment and the bullish movement in SLB's stock.
• 4. Carbon Capture Solution: The launch of SLB's carbon storage screening and ranking solution, aimed at efficient storage site selection, showcases the company's commitment to environmental sustainability. This could have attracted investors and positively impacted SLB's stock performance.
• Overall, the bullish movement in SLB's stock today can be attributed to OPEC's optimism, positive market sentiment, and the company's strategic initiatives in the offshore energy and carbon capture sectors.

07.10.2023 - SLB Stock was down 5.1%

• The increase in SLB's short interest indicates a bearish sentiment among traders, which could have contributed to the stock's bearish movement.
• The ongoing Israel-Hamas war and fears of a wider conflict in the Middle East pushing oil prices higher may have negatively impacted SLB's stock.
• The recent mega deals in the oil sector, such as Exxon Mobil acquiring Pioneer Natural Resources and Chevron acquiring Hess Corporation, may have shifted investor attention away from SLB and affected its stock performance.
• Despite Schlumberger's strong quarter with optimistic prospects, the overall market sentiment and external factors seem to have outweighed the positive news, leading to the bearish movement in SLB's stock.

31.00.2024 - SLB Stock was down 7.2%

• Schlumberger's stock fell over 7% yesterday, which contributed to the bearish movement today.
• The bearish movement could be attributed to Saudi Aramco's decision to maintain its Maximum Sustainable Capacity (MSC) at 12 million barrels per day (MMBD), instead of increasing it to 13 MMBD.
• The decision by Saudi Aramco to suspend its plan to boost its maximum crude production capacity also impacted the bearish movement of Schlumberger's stock.
• The mixed and unchanged U.S. equities market at midday could have added to the overall negative sentiment surrounding SLB.

01.02.2024 - SLB Stock was up 2.4%

• The bullish movement in SLB today is influenced by several factors:
• Positive insider sentiment: Despite recent insider selling by Abdellah Merad, Schlumberger's future prospects are viewed optimistically by the market, supported by bullish options positioning.
• Favorable industry conditions: Given its expertise in critical areas of the oilfield services sector and robust financial performance, investors are upbeat about Schlumberger's potential to benefit from the recovering energy market.
• Market outlook: General market sentiment towards top-tier blue-chip stocks and companies with advanced cost-saving AI technology is positive, potentially enhancing investor confidence in Schlumberger's market positioning.

19.06.2024 - SLB Stock was up 3.4%

• Schlumberger reported a revenue increase of 13% year-over-year, surpassing expectations and indicating solid international growth.
• The company's core and digital businesses showed strong momentum, leading to the highest quarterly international revenue since 2014.
• This positive performance in Q2 2024 earnings and revenue exceeding estimates likely fueled investor confidence and drove the bullish movement in SLB stock today.