SLB (NYSE:SLB) Shares Gap Up Following Strong Earnings

SLB Limited (NYSE:SLB)’s share price gapped up before the market opened on Friday following a stronger than expected earnings report. The stock had previously closed at $47.22, but opened at $50.07. SLB shares last traded at $51.4390, with a volume of 5,213,298 shares changing hands.

The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $8.67 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share.

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be given a $0.295 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.18 annualized dividend and a yield of 2.3%. SLB’s dividend payout ratio (DPR) is presently 51.53%.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB reported Q2 adjusted EPS of $0.55, ahead of estimates of $0.51, on revenue of $8.97 billion versus expectations of $8.67 billion. SLB (NYSE:SLB) Beats Expectations in Strong Q2 CY2026
• Positive Sentiment: Management pointed to higher offshore activity and growth in Digital and Production Systems, which helped drive the quarter and support the outlook. SLB Posts Higher Revenue on Increased Offshore Activity, Data-Center Demand
• Positive Sentiment: SLB’s expanding data-center power and infrastructure push is being viewed as an additional growth vector, adding to investor optimism. What SLB (SLB)’s AI Data Center Power Push and Baleine Win Means For Shareholders
• Neutral Sentiment: Revenue still declined year over year, so the quarter was solid but not a return to broad-based growth. Top US oilfield services firm SLB beats quarterly profit estimates
• Neutral Sentiment: Middle East disruptions remain a headwind, but resilient demand in other regions is currently outweighing that pressure. SLB Stock Rises on Earnings Beat as Strong Activity Offsets Middle East Disruption

Analyst Upgrades and Downgrades

Several research firms have recently commented on SLB. JPMorgan Chase & Co. upped their price objective on SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. BMO Capital Markets lifted their target price on SLB from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Piper Sandler boosted their price target on SLB from $53.00 to $59.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Barclays reduced their price target on SLB from $66.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Finally, Raymond James Financial decreased their price objective on SLB from $62.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.30.

Insider Transactions at SLB

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the completion of the transaction, the director owned 16,953 shares of the company’s stock, valued at $921,056.49. This represents a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steve Matthew Gassen sold 53,379 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the sale, the executive vice president owned 47,421 shares of the company’s stock, valued at $2,664,111.78. This represents a 52.96% decrease in their position. The SEC filing for this sale provides additional information. 0.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Evergreen Advisors LLC purchased a new position in shares of SLB in the first quarter worth $26,000. Costello Asset Management INC boosted its position in shares of SLB by 93.3% during the first quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 280 shares during the last quarter. Arlington Trust Co LLC grew its stake in SLB by 66.5% during the second quarter. Arlington Trust Co LLC now owns 701 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 280 shares in the last quarter. MV Capital Management Inc. bought a new stake in SLB in the 4th quarter valued at $28,000. Finally, Maryland Capital Advisors Inc. bought a new stake in SLB in the 2nd quarter valued at $35,000. 81.99% of the stock is currently owned by institutional investors.

SLB Stock Performance

The firm has a market cap of $78.39 billion, a PE ratio of 25.33, a PEG ratio of 2.12 and a beta of 0.72. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. The firm’s 50 day simple moving average is $51.16 and its 200 day simple moving average is $50.55.

SLB Company Profile

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.