Schlumberger N.V. ($SLB) Stock Forecast: Up 5.7% Today

What is Schlumberger N.V.?

Schlumberger (SLB) is a leading oilfield services company that provides technology, project management, and information solutions to the oil and gas industry worldwide.

Why is Schlumberger N.V. going up?

SLB stock is up 5.7% on Jan 17, 2025 14:42

• 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.

SLB Price Chart

SLB Technical Analysis

SLB News

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

SLB, J.B. Hunt Transport And 3 Stocks To Watch Heading Into Friday - JB Hunt Transport Servs ( NASDAQ:JBHT ) , Fastenal ( NASDAQ:FAST )

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Fastenal Company FAST to report quarterly earnings at 48 cents per share on revenue of $1.84 billion before the opening bell, according to data ...

https://www.benzinga.com/25/01/43049593/slb-jb-hunt-transport-and-3-stocks-to-watch-heading-into-friday

This SLB Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday - Helmerich & Payne ( NYSE:HP ) , Douglas Emmett ( NYSE:DEI )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

https://www.benzinga.com/25/01/43002947/this-slb-analyst-is-no-longer-bullish-here-are-top-5-downgrades-for-wednesday

Should Investors Buy, Sell, or Hold SLB Stock Before Q4 Earnings?

SLB's overall business is expected to remain bearish due to a moderation in drilling activity among upstream companies globally.

https://www.zacks.com/stock/news/2396841/should-investors-buy-sell-or-hold-slb-stock-before-q4-earnings

SLB Secures Multiple Drilling Contracts for Shell's Deepwater Assets

SLB plans to leverage its AI-enabled digital drilling tools and technology and its extensive experience of working in ultra-deepwater environments for the projects awarded by Shell.

https://www.zacks.com/stock/news/2395158/slb-secures-multiple-drilling-contracts-for-shells-deepwater-assets

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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.

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.

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.

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.

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.

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.