SLB (NYSE:SLB) Upgraded to “Strong-Buy” at Argus

SLB (NYSE:SLB) was upgraded by investment analysts at Argus to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. lifted their target price on SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a report on Monday. Evercore ISI set a $54.00 price objective on shares of SLB and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Morgan Stanley reiterated an “overweight” rating and issued a $50.00 target price on shares of SLB in a research note on Wednesday, January 21st. Stifel Nicolaus set a $56.00 price target on shares of SLB in a research report on Monday. Finally, Redburn Partners set a $48.00 price objective on SLB in a research report on Monday, November 3rd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, SLB currently has an average rating of “Buy” and an average price target of $52.12.

SLB Stock Performance

NYSE SLB opened at $49.73 on Monday. The company’s 50 day moving average is $40.42 and its 200-day moving average is $36.80. The firm has a market cap of $74.30 billion, a P/E ratio of 20.98 and a beta of 0.72. SLB has a 12-month low of $31.11 and a 12-month high of $51.67. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36.

SLB (NYSE:SLB) last posted its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.54 billion. SLB had a return on equity of 17.45% and a net margin of 9.45%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. Sell-side analysts predict that SLB will post 3.38 earnings per share for the current year.

Insider Activity at SLB

In related news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the transaction, the executive vice president directly owned 159,371 shares of the company’s stock, valued at approximately $6,006,692.99. This trade represents a 27.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Stephane Biguet sold 38,447 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $36.75, for a total transaction of $1,412,927.25. Following the transaction, the chief financial officer owned 175,690 shares in the company, valued at $6,456,607.50. The trade was a 17.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 103,947 shares of company stock valued at $3,871,337 over the last 90 days. 0.22% of the stock is owned by insiders.

Hedge Funds Weigh In On SLB

Institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after buying an additional 1,166 shares during the last quarter. Bison Wealth LLC bought a new position in SLB during the 4th quarter worth approximately $238,000. Patton Fund Management Inc. bought a new stake in SLB in the second quarter valued at approximately $216,000. Avior Wealth Management LLC boosted its stake in shares of SLB by 70.4% during the second quarter. Avior Wealth Management LLC now owns 8,905 shares of the oil and gas company’s stock valued at $301,000 after purchasing an additional 3,678 shares during the period. Finally, GC Wealth Management RIA LLC bought a new position in shares of SLB in the second quarter worth approximately $280,000. Institutional investors own 81.99% of the company’s stock.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Susquehanna raised its price target to $58 and kept a “positive” rating — the highest upgrade in this batch, implying ~16.6% upside. Susquehanna Upgrade The Fly
• Positive Sentiment: Bank of America bumped its target to $55 and reaffirmed a “buy” stance, signaling ~10.6% upside and stronger confidence from a large sell‑side house. BofA Upgrade
• Positive Sentiment: BMO Capital Markets raised its target to $55 and keeps an “outperform” rating, another vote of confidence supporting higher near‑term upside. BMO Upgrade The Fly
• Positive Sentiment: JPMorgan raised its target to $54 and moved to “overweight,” reflecting increased expectations for SLB’s earnings and cash‑flow trajectory. JPMorgan Upgrade
• Positive Sentiment: RBC lifted its target to $54 and kept an “outperform” rating, echoing the consensus that SLB’s fundamentals support higher valuation. RBC Upgrade The Fly
• Positive Sentiment: OilPrice reports North American revenue jumped after SLB closed the ChampionX acquisition — a near‑term revenue and backlog boost that supports the recent analyst upgrades. OilPrice Article
• Neutral Sentiment: Zacks published analysis on SLB’s international revenue trends — useful for evaluating geographic exposure and growth sustainability but not an immediate catalyst. Zacks Analysis

About SLB

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.