Oilfield services company SLB said on Tuesday it has received a second request for additional information from the United States Department of Justice in connection with its $7.75 billion acquisition deal for smaller rival ChampionX.
After a 10% decline since the beginning of the year, at the current price of around $47 per share, we believe SLB's stock (NYSE: SLB), formerly known as Schlumberger, which provides oil field services including drilling, completion, and production solutions to upstream oil & gas companies in the U.S. and abroad - has upside potential in the longer run. In comparison, SLB's peer Halliburton stock (NYSE: HAL) is down 7% this year to $34.
Per the agreement, SLB will oversee the FEED for a 12-well, all-electric subsea production system project located in the Fram Sor field, offshore Norway.
In the most recent trading session, Schlumberger (SLB) closed at $47.52, indicating a +0.08% shift from the previous trading day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Schlumberger (SLB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Schlumberger (SLB) concluded the recent trading session at $43.63, signifying a +1.47% move from its prior day's close.
SLB and Aker Carbon Capture have finalized a NOK 4.12 billion joint venture, combining their expertise and technologies to drive the future of industrial carbon capture and help pave the way toward net zero emissions.
Schlumberger (SLB) concluded the recent trading session at $44.96, signifying a -0.04% move from its prior day's close.
In the latest trading session, Schlumberger (SLB) closed at $44.98, marking a +0.97% move from the previous day.
Jim Cramer says he is not going to recommend Schlumberger.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?