I believe Schlumberger is undervalued and poised for a turnaround in 2025, driven by its strong financials and AI integration. SLB trades at less than 11 times earnings, offers a 3% dividend yield, and is aggressively buying back shares, signaling confidence in its valuation. Despite a 30% YTD decline, SLB's robust cash flow, low debt, and strategic capital allocation make it a compelling investment for long-term value.
SLB's positive developments include its efforts to integrate low-emission technologies, like subsea raw water injection systems, which cut its carbon footprint.
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.
ADNOC Drilling , a unit of the United Arab Emirates' state oil giant, said on Tuesday it has closed an agreement to create Turnwell Industries, a joint venture with oilfield services firms SLB and Patterson-UTI.
Schlumberger (SLB) closed the most recent trading day at $39.88, moving -0.85% from the previous trading session.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
The current market environment favors value investors, with Schlumberger Ltd. and Blue Owl Capital Corp. offering compelling entry points. SLB's robust total return potential is driven by its global leadership in oilfield services, strong profitability, and growing digital segment. OBDC offers a high yield through its diversified, conservatively managed portfolio, supported by strong lender-borrower relationships and disciplined financial management.
SLB mentions that the offshore contract is part of PBR's broader strategy to revive its already productive fields. The contract is expected to begin in April 2025.
Stephanie Link, CIO at Hightower, joins CNBC's 'Halftime Report' to discuss her latest portfolio moves.
In the latest trading session, Schlumberger (SLB) closed at $41.17, marking a +0.51% move from the previous day.
Aramco shall hold 60% ownership of the carbon capture project based in Jubail, Saudi Arabia, while SLB and Linde will own 20% each.
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.