Schlumberger N.V. ($SLB) Stock Forecast: Up 5.4% Today

What is Schlumberger N.V.?

Schlumberger (SLB) is a leading oilfield services company, providing technology, project management, and information solutions to the oil and gas industry. Today, SLB experienced a strong bullish movement in the market.

Why is Schlumberger N.V. going up?

SLB stock is up 5.4% on Nov 6, 2024 15:50

• 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.

SLB Price Chart

SLB Technical Analysis

SLB News

Looking At Schlumberger's Recent Unusual Options Activity - Schlumberger ( NYSE:SLB )

Deep-pocketed investors have adopted a bullish approach towards Schlumberger SLB, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today.

https://www.benzinga.com/insights/options/24/11/41752291/looking-at-schlumbergers-recent-unusual-options-activity

Jim Cramer Says He Can't Recommend This Major Automaker, CEVA Is 'Way Too High' - CEVA ( NASDAQ:CEVA )

On CNBC's "Mad Money Lightning Round," Jim Cramer said Ceva CEVA is "way too high, and I think you should take something off the table." Ceva will announce results for the third quarter on Nov. 7, 2024, before the opening bell.

https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high

SLB's OneSubsea Wins Key Subsea Contract for BP's Kaskida Project

SLB's OneSubsea and BP partner to deploy advanced subsea boosting systems for improved resource recovery in the Gulf of Mexico's Kaskida project.

https://www.zacks.com/stock/news/2361952/slbs-onesubsea-wins-key-subsea-contract-for-bps-kaskida-project

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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.

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.

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.

30.08.2023 - SLB Stock was down 5.4%

• Rising oil prices and robust growth were not enough to prevent SLB from experiencing a bearish movement today.
• The insider selling of SLB stock could have contributed to the bearish market movement.
• The signing of an agreement with BP and Subsea 7 to strengthen global underwater projects may have had a positive impact on SLB's long-term prospects, but did not prevent the bearish movement in the short term.

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.

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.

29.08.2023 - SLB Stock was down 2.9%

• Insiders selling shares of SLB could indicate their concern in the company's prospects or that they view the stock as being overpriced.
• BP signing an agreement with SLB and Subsea 7 to strengthen its global underwater projects might have had a negative impact on SLB's stock, as investors may perceive increased competition in the industry.
• Unusual options activity, with a noticeably bearish stance on SLB, could have influenced market sentiment and contributed to the bearish movement.
• In summary, the combination of insider selling, increased competition in the industry, and bearish options activity might have contributed to SLB's bearish market movement today.

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.

04.09.2023 - SLB Stock was down 5.3%

• The bearish movement in SLB's stock can be attributed to the overall decline in the price of crude oil, which was down 4.7% since yesterday. Weak demand for gasoline and the possibility of Russia lifting its diesel ban have contributed to the lower price of oil, impacting oil and gas companies like SLB.
• SLB's joint venture with Aker Solutions and Subsea7 to redefine offshore energy technology and sustainability might not have had a significant impact on the stock movement today.
• The short interest in SLB has risen, indicating a potential bearish sentiment among traders.
• The launch of SLB's carbon storage screening and ranking solution might not have influenced the stock movement significantly.

07.06.2023 - SLB Stock was up 3.0%

• SLB had a strong bullish movement today, closing at $49.12, marking a +1.34% move from the previous day.
• The bullish movement could be attributed to the news of SLB securing a five-year contract from Petrobras for its Delfi digital platform, which is expected to boost total operations production.
• The contract signifies Petrobras' significant investment in cloud-based technologies, indicating a positive outlook for SLB's digitalization services.
• This news demonstrates SLB's ability to adapt to the changing market demands and highlights its potential for increased efficiency and productivity in the oil and gas industry.

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.