Schlumberger (SLB) reachead $42.19 at the closing of the latest trading day, reflecting a -0.02% change compared to its last close.
SLB expands its role in the Trion project with an AI-enabled drilling contract from Woodside, marking a key step toward its first oil production in 2028.
Schlumberger presents a compelling long-term investment with strong international growth, margin expansion, and robust free cash flow. SLB's strategic push into digital solutions, AI, and low-carbon initiatives like carbon capture and geothermal positions it for future growth. With a strong balance sheet and trading at a forward P/E well below its historical average, the Company offers an attractive entry point.
The U.K.'s competition watchdog said it is preparing to launch an in-depth investigation of SLB's proposed acquisition of ChampionX, saying the deal could affect competition if allowed to go ahead.
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.
Britain's competition regulator said on Thursday that oilfield services company SLB's proposed $8 billion deal to buy smaller rival ChampionX could result in a substantial lessening of competition within the UK.
Schlumberger is up 6.74% YTD, outperforming major index funds, driven by strong fundamentals and increasing energy demand for data centers and AI advancements. SLB's robust financials include $36.29 billion in 2024 revenue, $4.19 billion in free cash flow, and a dividend yield of 2.78%, trading at less than 12x 2025 earnings. Risks include commodity price fluctuations, geopolitical instability, and competition from Halliburton and Baker Hughes, but SLB's technological edge and capital allocation mitigate these concerns.
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?
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.
Schlumberger (SLB) closed the most recent trading day at $39.08, moving -1.86% from the previous trading session.
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.
Recently, Zacks.com users have been paying close attention to Schlumberger (SLB). This makes it worthwhile to examine what the stock has in store.