Key Things to Know Before Investing in Schlumberger (SLB)

Shares of Schlumberger have moved -0.9% today, and are now trading at a price of $58.95. In contrast, the S&P 500 index saw a 0.0% change. Today's trading volume is 6,558,788 compared to the stock's average volume of 10,323,956.

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. Based in Houston, United States the company has 99,000 full time employees and a market cap of $83,779,149,824. Schlumberger currently offers its equity investors a dividend that yields 1.4% per year.

The company is now trading -10.15% away from its average analyst target price of $65.61 per share. The 28 analysts following the stock have set target prices ranging from $49.0 to $73.0, and on average give Schlumberger a rating of buy.

Over the last 52 weeks, SLB stock has risen 62.0%, which amounts to a 54.0% difference compared to the S&P 500. The stock's 52 week high is $60.12 whereas its 52 week low is $33.8 per share. Based on Schlumberger's average net margin growth of 8.7% over the last 4 years, its core business is on track for profitability and its strong stock performance may continue in the long term.

Date Reported Total Revenue ($ k) Net Profit ($ k) Net Margins (%) YoY Growth (%)
2023-01-25 28,091,000 3,441,000 12.25 49.39
2022-01-26 22,929,000 1,881,000 8.2 118.4
2021-01-27 23,601,000 -10,518,000 -44.57 -44.71
2020-01-22 32,917,000 -10,137,000 -30.8 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.