SLB (NYSE:SLB) Price Target Raised to $63.00

Posted by George Bondi on Jul 30th, 2026

SLB (NYSE:SLB – Free Report) had its price target raised by BMO Capital Markets from $59.00 to $63.00 in a report issued on Monday, Marketbeat reports. They currently have an outperform rating on the oil and gas company’s stock.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings cut SLB from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wolfe Research began coverage on SLB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $62.00 price objective on the stock. Susquehanna dropped their target price on shares of SLB from $65.00 to $55.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Piper Sandler raised their price target on shares of SLB from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $54.00 price objective on shares of SLB in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.35.

Read Our Latest Research Report on SLB

SLB Stock Performance

Shares of SLB stock opened at $49.07 on Monday. The company has a market capitalization of $73.36 billion, a P/E ratio of 23.70, a P/E/G ratio of 3.32 and a beta of 0.72. The business’s 50 day moving average is $50.75 and its two-hundred day moving average is $50.74. The company has a current ratio of 1.44, a quick ratio of 1.05 and a debt-to-equity ratio of 0.41. SLB has a 12-month low of $31.64 and a 12-month high of $58.82.

SLB (NYSE:SLB – Get Free Report) last posted its quarterly earnings data on Saturday, July 25th. The oil and gas company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The business had revenue of $8.97 billion during the quarter, compared to analysts’ expectations of $8.67 billion. SLB had a return on equity of 14.05% and a net margin of 8.53%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 earnings per share. Analysts expect that SLB will post 2.49 EPS for the current fiscal year.

SLB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.18 annualized dividend and a dividend yield of 2.4%. SLB’s payout ratio is presently 57.00%.

Insider Transactions at SLB

In related news, EVP Steve Matthew Gassen sold 53,379 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $56.18, for a total value of $2,998,832.22. Following the completion of the sale, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This represents a 52.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.33, for a total transaction of $108,660.00. Following the sale, the director owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. The trade was a 10.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.16% of the company’s stock.

Institutional Trading of SLB

Several institutional investors have recently made changes to their positions in the company. Evergreen Advisors LLC purchased a new position in SLB in the first quarter worth approximately $26,000. MV Capital Management Inc. purchased a new stake in SLB in the fourth quarter valued at $28,000. Strategic Wealth Advisors LLC purchased a new stake in SLB in the fourth quarter valued at $30,000. Costello Asset Management INC lifted its stake in shares of SLB by 93.3% in the 1st quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 280 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SLB in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Key Headlines Impacting SLB

Here are the key news stories impacting SLB this week:

Positive Sentiment: SLB beat second-quarter expectations, reporting $0.55 in earnings per share versus the $0.51 consensus estimate and $8.97 billion in revenue versus $8.67 billion expected. Revenue increased 5% year over year, supporting the view that international oilfield-services activity remains resilient. The results also increased attention on energy ETFs with significant SLB exposure, including IEZ, OIH and XLE. Here’s How SLB’s Q2 Earnings Impact Energy ETFs
Positive Sentiment: BMO Capital Markets raised its SLB price target to $63, while Morgan Stanley said the stock is expected to rise. Goldman Sachs reiterated a Buy rating with a $62 target, citing an international recovery, data-center expansion opportunities and potential for above-peer earnings and returns. These targets imply meaningful upside from recent trading levels. BMO Capital Markets Increases SLB Price Target to $63.00 SLB Stock Price Expected to Rise, Morgan Stanley Analyst Says
Positive Sentiment: Longer-term valuation analysis described SLB as reasonably priced, with potential upside based on discounted cash-flow estimates. Offshore scale, digital services, production gains from ChampionX and data-center infrastructure initiatives are cited as growth drivers. SLB Stock Looks Reasonable Despite Its Five Year Run
Neutral Sentiment: SLB has attracted unusually high investor and Zacks.com user interest following its earnings report, but the attention itself does not establish a clear change in fundamentals or valuation. SLB Is Attracting Investor Attention
Negative Sentiment: Zacks Research downgraded SLB from “hold” to “strong sell,” likely weighing on sentiment and helping explain why the stock has decreased despite the earnings beat and bullish broker targets. Zacks Downgrades SLB
Negative Sentiment: Near-term risks include Middle East disruptions, uncertainty around oil prices, elevated net debt and the possibility that earnings growth will take longer to materialize. SLB’s $0.55 quarterly EPS also remained below the $0.74 reported in the prior-year period. SLB Growth Outlook Hinges on Offshore, Digital and Production Gains

About SLB

(Get Free Report)

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.