Latest news with #SchlumbergerLimited
Yahoo
2 days ago
- Business
- Yahoo
Schlumberger Limited (SLB) Slid on Falling Oil Prices and Trade Tensions
Ariel Investments, an investment management company, released its 'Ariel Appreciation Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Following the initial market decline triggered by the "Liberation Day" tariff announcement, the stock market rebounded, bolstered by heightened interest in AI stocks, positive economic data, and robust corporate earnings. Against this backdrop, the fund increased +5.81% in the second quarter, outpacing the Russell Midcap Value Index's +5.35% returns and trailing the Russell Midcap Index's +8.53% returns. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Ariel Appreciation Fund highlighted stocks such as Schlumberger Limited (NYSE:SLB). Headquartered in Houston, Texas, Schlumberger Limited (NYSE:SLB) is an oil field services company. The one-month return of Schlumberger Limited (NYSE:SLB) was -1.22%, and its shares lost 32.61% of their value over the last 52 weeks. On July 18, 2025, Schlumberger Limited (NYSE:SLB) stock closed at $33.32 per share, with a market capitalization of $49.702 billion. Ariel Appreciation Fund stated the following regarding Schlumberger Limited (NYSE:SLB) in its second quarter 2025 investor letter: "Shares of Schlumberger Limited (NYSE:SLB), the largest oilfield services company in the world by revenue, also underperformed amidst falling oil prices and trade tensions. While quarterly earnings came in slightly behind expectations, the market appears more concerned with the rising supply and weak macroeconomic conditions weighing on energy prices and oilfield services demand going forward. Nonetheless, we believe there are tailwinds supporting rising demand over the medium-term, as national oil companies invest in long-cycle projects to grow capacity and address the natural decline of production. We think SLB is the best positioned among the oilfield services companies, given their leading scale and expertise across nearly every product and service category, as well as their exposure to more resilient international markets. In the long run, we expect SLB will continue to evolve their capabilities to help clients with rising energy needs going forward." An aerial view of a well site, depicting the scale of oil and gas operations. Schlumberger Limited (NYSE:SLB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 68 hedge fund portfolios held Schlumberger Limited (NYSE:SLB) at the end of the first quarter, compared to 80 in the previous quarter. While we acknowledge the potential of Schlumberger Limited (NYSE:SLB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Schlumberger Limited (NYSE:SLB) and shared the list of cheap stocks under $50 to buy. Ariel Appreciation Fund added Schlumberger Limited (NYSE:SLB) to its portfolio during Q1 2025. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
14-07-2025
- Business
- Yahoo
Bank of America Lowers PT on Schlumberger Limited (SLB); Maintains ‘Buy' Rating
Billionaire Kerr Neilson has bought over $88 worth of shares in Schlumberger Limited (NYSE:SLB), representing 5.10% of his stock portfolio, securing the company a spot in . A vast oil and gas rig silhouetted in the sunset, capturing the power of Swift Energy Company. Bank of America cut down its price target on Schlumberger Limited (NYSE:SLB) from $42 to $40 on July 7, 2025, maintaining a 'Buy' rating. The update reflects continued softness in well construction activity in Saudi Arabia and North America. Meanwhile, overall performance for the remaining part of the year is expected to remain steady, indicating operational resilience, according to the analyst. Furthermore, Schlumberger Limited's (NYSE:SLB) shift toward digital and low-carbon technologies is drawing investor interest, as this diversification strategy is expected to support its long-term growth beyond traditional oil and gas segments. Meanwhile, the company expects $4 billion in free cash flow in 2025, which is expected to position the company to sustain dividends and share repurchases. Schlumberger Limited (NYSE:SLB), focused on energy innovation, offers energy technology services across drilling, production and digital systems. Operating through segments like Digital & Integration, Reservoir Performance, Well Construction, and Production Systems, the company supports clients worldwide, from oilfield operators to emerging low-carbon energy developers. While we acknowledge the potential of SLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 7 Best Stocks to Invest in for a Quick Return and 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Sign in to access your portfolio
Yahoo
30-06-2025
- Business
- Yahoo
RBC Capital Maintains a Buy Rating on Schlumberger Limited (SLB) With a $48 PT
Schlumberger Limited (NYSE:SLB) is one of the 11 Best Strong Buy Stocks to Invest in Now. RBC Capital analyst Keith Mackey maintained a Buy rating on Schlumberger Limited (NYSE:SLB) on June 24, setting a price target of $48.00. An aerial view of a well site, depicting the scale of oil and gas operations. The analyst maintained an optimistic rating even after the company reported a 3% year-over-year drop in revenue to $8.49 billion, while GAAP EPS decreased 22% year-over-year to $0.58. However, cash flow from operations rose $333 million year-over-year to $660 million. Schlumberger Limited (NYSE:SLB) provides energy technology and operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. While we acknowledge the potential of SLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
What to Expect From Schlumberger's Next Quarterly Earnings Report
Valued at a market cap of $46.3 billion, Schlumberger Limited (SLB) is a global technology company that provides technology for the energy industry. Based in Houston, Texas, the company operates through Digital & Integration, Reservoir Performance, Well Construction, and Production Systems segments. The oilfield services company is expected to release its Q2 2025 earnings before the market opens on Friday, Jul. 18. Ahead of this event, analysts expect Schlumberger to post adjusted earnings of $0.75 per share, down 11.8% from $0.85 per share reported in the same quarter last year. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on another occasion. Holiday Trading, Trade Negotiations and Other Key Things to Watch this Week Options Flow Alert: Bulls Making Their Move in GOOGL Stock Jeff Bezos Unloads $5.4B in Amazon Shares: Should You Buy or Sell AMZN Stock Now? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2025, analysts expect SLB to report an adjusted EPS of $3.07, a decline of nearly 10% from $3.41 in fiscal 2024. However, its earnings are expected to further grow 4.6% year-over-year to $3.21 in fiscal 2026. Shares of SLB have declined 27.7% over the past 52 weeks, lagging behind the S&P 500 Index's ($SPX) 12.6% gain and the Energy Select Sector SPDR Fund's (XLE) 6.1% dip during the same period. SLB stock fell 1.2% after its disappointing Q1 2025 results on Apr. 25. The company reported revenue of $8.5 billion, down 2.5% year-over-year, missing Street expectations. Adjusted EBITDA of $2 billion decreased 1.8% year-over-year with an adjusted EBITDA margin of 23.8%. Its adjusted EPS declined 4% from the prior-year quarter to $0.72 and fell short of analysts' estimates by 2.7%. Furthermore, analysts' consensus view on Schlumberger is bullish, with an overall "Strong Buy" rating. Among 24 analysts covering the stock, 16 suggest a "Strong Buy," four give a "Moderate Buy," and four recommend a "Hold' rating. As of writing, SLB is trading below the mean price target of $47.63. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
27-06-2025
- Business
- Yahoo
Schlumberger Launches Sequestri: New Portfolio for Carbon Storage Solutions
Schlumberger Limited (NYSE:SLB) is one of the best S&P 500 stocks with huge upside potential. On June 16, Schlumberger unveiled Sequestri, which is a comprehensive portfolio of carbon storage solutions. The new offering aims to accelerate industrial decarbonization globally by providing full-chain carbon capture and storage/CCS capabilities, from the point of capture to safe and permanent underground storage. The Sequestri portfolio is designed as an end-to-end framework for long-term carbon storage and integrates tailored hardware and digital workflows. Using over 25 years of Schlumberger's CCS experience, the technology suite addresses critical economic and integrity concerns that often hinder the viability of CCS projects. At its core, Sequestri is powered by interconnected digital technologies and services for carbon storage that provide a robust foundation for analysis and prediction. An aerial view of a well site, depicting the scale of oil and gas operations. Additionally, the portfolio includes specialized hardware engineered for CCS applications, such as subsurface safety valves, measurement instruments, and CO2-resistant cement systems like SLB's EverCRETE. The launch follows the recent introduction of Electris, which is Schlumberger's digitally enabled electric well completions portfolio for reducing costs and enhancing well performance. Schlumberger Limited (NYSE:SLB) provides technology for the energy industry worldwide. It has four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. While we acknowledge the potential of SLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
