NYSE:SLB
Schlumberger Ltd. (SLB)
Financials 
Technical Analysis 
Jun 9, 2026, 12:00 amThis summary was created by AI, based on 5 opinions in the last 12 months.
Schlumberger Ltd. (SLB) has garnered mixed opinions from analysts, with many recognizing its strong fundamentals and digital operations. The company has a solid recurring revenue stream of $1 billion, highlighting its potential for consistent growth. Some experts believe that underinvestment in oil has created long-term opportunities, particularly as demand for energy rises. Despite recent performance gains, including a notable 26% increase in January, there are concerns about the sustainability of this energy rally, especially with fluctuating oil and natural gas prices. The upcoming earnings report is pivotal, as new contracts from Venezuela could provide an edge, though a low oil price environment may limit exceptional results.
Last Friday they reported a slight top and bottom line beat with revenue up 14% YOY and free cash flow up 167% YOY. Strength lies in their international business, with 10 straight quarters of double-digit growth. Guidance was encouraging, though they seldom say much, driven by this international business. Also, they raised their dividend 10% and will increase buybacks, which will absorb their higher-than-expected capex.
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Premium contentSLB represents the "pick and shovels" of the energy industry, involved in building infrastructure. Earnings recently beat analyst expectations as US revenues grew despite reduced drilling activity in several key regions. It trades at 18x earnings and supports a 22% ROE. We recommend placing a stop-loss at $47, looking to achieve $63 -- upside potential of 18%. Yield 1.7%
(Analysts’ price target is $63.76)
Delivered a mixed Q3, but earnings were excellent with revenues up double digits. Today's sell-off is a buy. They've been increasing their dividend a lot in recent years, nearly 2%. They benefit from the exploration, more than the price, of oil, and they are digging now.
Kevin Sullivan
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Our PAST TOP PICK with SLB has triggered its stop at $47. To remain disciplined, we recommend covering the position at this time.