SLB's well integrity assessment solution can help companies detect risks associated with wells and their potential impact on the early stages of development of carbon storage projects.
Schlumberger (SLB) closed the most recent trading day at $45.60, moving +1.06% from the previous trading session.
SLB has reorganized its business to focus on less cyclical products and services needed by the broader oil/gas industry. Profit margins are continuing to improve and will support a growing dividend. Valuation is near 20-year lows.
Recently, Zacks.com users have been paying close attention to Schlumberger (SLB). This makes it worthwhile to examine what the stock has in store.
SLB is expanding into the carbon capture market, which is still in its early stages. Despite this, the firm is likely to achieve industry-leading margins.
Following Russia's invasion of Ukraine, SLB is expanding its Russian operations, signing new contracts and recruiting staff despite Western competitors exiting the market.
This piece looks at two stocks with divergent outcomes: SLB has upside potential, while Costco's high valuation may lead to weak forward returns. SLB is well-positioned in the oil industry with a diverse revenue stream and strong balance sheet, while Costco's high valuation raises concerns for future returns of an otherwise excellent company. Interest in low-volatility growth stocks reflects risk aversion in the market, but carefully investing in cyclicals and emerging markets may offer better long-term safety and value.
Zacks.com users have recently been watching Schlumberger (SLB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
SLB, Baker Hughes, Helix Energy Solutions and Solaris Oilfield have been highlighted in this Industry Outlook article.
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.
SLB recently reported strong Q2 earnings, but the North American rig count data indicates a bearish outlook for the business.
SLB is not cheap but has been growing revenue and earnings at impressive rates. The market has been penalizing the company due to misunderstanding Saudi Arabia's shift from new offshore developments to the Jafurah unconventional gas field. SLB will benefit from the Saudi focus on Jafurah and the latest earnings report confirms the growth trend in the Middle East remains intact.