Susquehanna Boosts SLB (NYSE:SLB) Price Target to $58.00

SLB (NYSE:SLB) had its price target increased by Susquehanna from $52.00 to $58.00 in a report released on Monday, MarketBeat reports. The brokerage currently has a “positive” rating on the oil and gas company’s stock. Susquehanna’s target price suggests a potential upside of 14.40% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Evercore ISI set a $54.00 price target on shares of SLB and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Rothschild & Co Redburn initiated coverage on SLB in a research note on Monday, November 3rd. They set a “buy” rating and a $48.00 target price for the company. TD Cowen upped their price target on SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. decreased their price objective on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $51.00 target price on shares of SLB in a research note on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, SLB presently has a consensus rating of “Buy” and an average target price of $51.92.

SLB Stock Performance

Shares of SLB stock opened at $50.70 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market capitalization of $75.81 billion, a price-to-earnings ratio of 21.39 and a beta of 0.72. The business has a 50-day moving average of $40.71 and a 200 day moving average of $36.89. SLB has a 12 month low of $31.11 and a 12 month high of $51.67.

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

Insider Buying and Selling at SLB

In related news, insider Dianne B. Ralston sold 18,617 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.50, for a total value of $921,541.50. Following the completion of the sale, the insider directly owned 224,097 shares of the company’s stock, valued at $11,092,801.50. This represents a 7.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Abdellah Merad sold 60,000 shares of SLB stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $2,982,000.00. Following the transaction, the executive vice president directly owned 140,602 shares in the company, valued at approximately $6,987,919.40. This trade represents a 29.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 260,849 shares of company stock valued at $11,668,003. 0.22% of the stock is owned by insiders.

Institutional Trading of SLB

Large investors have recently bought and sold shares of the business. Emerald Advisors LLC raised its holdings in shares of SLB by 11.9% in the fourth quarter. Emerald Advisors LLC now owns 13,836 shares of the oil and gas company’s stock valued at $531,000 after buying an additional 1,468 shares during the last quarter. Meritage Portfolio Management increased its position in SLB by 45.6% in the 4th quarter. Meritage Portfolio Management now owns 107,157 shares of the oil and gas company’s stock valued at $4,113,000 after acquiring an additional 33,549 shares during the period. Arcataur Capital Management LLC purchased a new stake in SLB during the 4th quarter valued at approximately $211,000. Godsey & Gibb Inc. lifted its position in SLB by 2.0% during the 4th quarter. Godsey & Gibb Inc. now owns 538,313 shares of the oil and gas company’s stock worth $20,660,000 after acquiring an additional 10,656 shares during the period. Finally, Vision Capital Management Inc. grew its stake in shares of SLB by 6.5% in the 4th quarter. Vision Capital Management Inc. now owns 122,408 shares of the oil and gas company’s stock valued at $4,698,000 after purchasing an additional 7,438 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB News Summary

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Multiple brokerages raised ratings/targets and issued bullish notes (BofA raised to $55, BMO to $55, Susquehanna to $58, RBC to $54, JPMorgan to $54; Argus upgraded to “strong-buy”), supporting upside expectations and buy-side demand. Analyst Upgrades Summary
• Neutral Sentiment: Analysts and commentators are re-examining SLB’s role in evolving energy markets and international revenue trends — pieces that provide context on valuation and growth drivers but are not immediate catalysts. Is SLB Pricing Reflect Its Role In Evolving Energy Markets? Interpreting SLB International Revenue Trends
• Negative Sentiment: SLB’s joint venture with Aker Carbon Capture reported a loss on a carbon-capture project, raising near-term execution/asset-quality questions for the CC business. That news could temper enthusiasm for SLB’s energy-transition growth narrative. SLB and Aker CC venture hit by loss on carbon capture project
• Negative Sentiment: Several senior insiders sold material stakes on Jan. 26 (CFO Stéphane Biguet, EVP Abdellah Merad, CAO Howard Guild, director La Chevardière Patrick De, and insider Dianne Ralston). Large insider disposals can be perceived negatively by the market even if they’re routine or for diversification. SEC filings: CFO Read More.; CAO Read More.; EVP Read More.; director Read More.; insider Ralston Read More.

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.