A number of research firms have changed their ratings and price targets for Schlumberger (NYSE: SLB):
- 4/15/2025 – Schlumberger had its price target lowered by analysts at Stifel Nicolaus from $59.00 to $58.00. They now have a “buy” rating on the stock.
- 4/14/2025 – Schlumberger had its price target lowered by analysts at Susquehanna from $55.00 to $48.00. They now have a “positive” rating on the stock.
- 4/8/2025 – Schlumberger was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $44.00 price target on the stock, down previously from $46.00.
- 3/31/2025 – Schlumberger had its price target lowered by analysts at Barclays PLC from $54.00 to $53.00. They now have an “overweight” rating on the stock.
- 3/27/2025 – Schlumberger had its price target lowered by analysts at Jefferies Financial Group Inc. from $60.00 to $59.00. They now have a “buy” rating on the stock.
Schlumberger Stock Performance
NYSE SLB traded down $0.98 on Monday, hitting $34.13. The stock had a trading volume of 3,923,197 shares, compared to its average volume of 13,026,149. The company’s 50-day moving average is $39.35 and its two-hundred day moving average is $40.72. The stock has a market cap of $46.41 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 10.10 and a beta of 1.11. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.94.
Insider Buying and Selling
In other news, Director Vijay Kasibhatla sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the completion of the sale, the director now directly owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Aparna Raman sold 25,133 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the transaction, the insider now owns 31,031 shares in the company, valued at $1,311,990.68. This represents a 44.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 315,905 shares of company stock valued at $13,609,283 in the last three months. 0.26% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Schlumberger
Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
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