SLB's Q3 earnings beat estimates on strong Digital segment and ChampionX boost, though revenues slip from last year.
Schlumberger (SLB) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.89 per share a year ago.
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?
In the most recent trading session, Schlumberger (SLB) closed at $33.97, indicating a -1.28% shift from the previous trading day.
Schlumberger (SLB) closed the most recent trading day at $34.11, moving 2.79% from the previous trading session.
SLB wins a major Petrobras contract for 35 deepwater wells in Brazil's Santos Basin, deploying advanced completions tech to boost output.
Schlumberger (SLB) closed the most recent trading day at $35.9, moving 2.55% from the previous trading session.
Schlumberger NV (NYSE:SLB) stock has been climbing since mid-August, now up 1.9% to trade at $35.97 as it heads for its seventh daily win in eight sessions.
SLB OneSubsea clinches a major EPC deal from Equinor for Fram Sor, set to deploy the first large-scale all-electric subsea system.
Schlumberger (SLB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
I reiterate my buy rating on Schlumberger with a $40.80 price target, citing relative undervaluation versus peers despite macro uncertainty. The ChampionX acquisition expands SLB's US presence in chemicals and digital capabilities, offering synergy potential and positioning for enhanced oil recovery trends. Segment performance is mixed, with Well Construction and Reservoir Performance lagging, but Digital & Integration and Production Systems supporting growth.
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?