Latest news with #SLB
Yahoo
2 days ago
- 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
2 days ago
- 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
Pink Villa
5 days ago
- Entertainment
- Pink Villa
Vicky Kaushal talks about his rapport with Ranbir Kapoor-Alia Bhatt and working on Love & War: 'They are outstanding but...'
Vicky Kaushal, Ranbir Kapoor, and Alia Bhatt's upcoming film, titled Love and War, has been one of the highly anticipated movies of this year. The collaboration of these powerhouses has left fans eagerly anticipating the release. Helmed by Sanjay Leela Bhansali, the movie is currently being made. Recently, while speaking with Kareena Kapoor, Vicky mentioned collaborating with Ranbir Kapoor and Alia Bhatt for the second time. He even praised the celebrity couple and discussed his rapport with them. Vicky Kaushal comments on Love and War co-stars On The Hollywood Reporter India, Kareena Kapoor and Vicky Kaushal discussed family, work, upcoming projects, stardom, their respective married lives, and more. During this conversation, Vicky and Kareena spoke about the former's much-anticipated project, Love and War. The actor took a moment to praise his co-stars, Alia Bhatt and Ranbir Kapoor. Vicky Kaushal said, "They are outstanding, but more than that, what I love about Ranbir and Alia is that they are amazing human beings. I have worked with them on Sanju and Raazi, and it's the second time working with both of them. That's what makes it fun and easy." He further spoke about his working experience with Sanjay Leela Bhansali on Love and War and said, "He is like a child who is curious about everything. Who is wanting to go deeper and explore more with the actor, material, camera, set, and everything. He is always like what more can I do, in what other ways can I make it magical, new, cinematic. For me, it's such a learning experience to just see him and be there." When Vicky spoke about SLB, Kareena Kapoor also discussed her bond with the filmmaker, mentioning that it is like a 'love and war' equation. About Love and War Love and War marks Bhansali's return to grand love stories and reunites him with Ranbir Kapoor, with whom he previously collaborated on Saawariya. Featuring Alia Bhatt and Vicky Kaushal as well, Love & War promises audiences an extravagant romantic saga that explores themes of conflict, both emotional and literal. Helmed by Sanjay Leela Bhansali, Love and War is slated to hit the screens during Eid 2026.
Business Insider
6 days ago
- Business
- Business Insider
Schlumberger (SLB) Receives a Buy from RBC Capital
RBC Capital analyst Keith Mackey maintained a Buy rating on Schlumberger (SLB – Research Report) yesterday and set a price target of $48.00. The company's shares closed yesterday at $33.83. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Mackey is a 5-star analyst with an average return of 16.9% and a 56.70% success rate. Mackey covers the Energy sector, focusing on stocks such as Baker Hughes Company, Patterson-UTI, and Atlas Energy Solutions. Currently, the analyst consensus on Schlumberger is a Strong Buy with an average price target of $46.46, implying a 37.33% upside from current levels. In a report released on June 25, Jefferies also reiterated a Buy rating on the stock with a $53.00 price target. The company has a one-year high of $50.94 and a one-year low of $31.11. Currently, Schlumberger has an average volume of 17.47M. Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SLB in relation to earlier this year. Last month, Patrick de La Chevardiere, a Director at SLB sold 5,000.00 shares for a total of $167,900.00.
Mint
6 days ago
- Business
- Mint
L&T's ESG bond debut may open India's sustainable debt market—if investors stay interested
Mumbai: On 23 June, infrastructure giant Larsen & Toubro (L&T) listed India's first environmental, social & governance (ESG) bond on the National Stock Exchange under Sebi's new framework. While Indian companies have previously raised ESG debt overseas, L&T's rupee-denominated issuance is a domestic first under Sebi's guidelines. Experts believe the ₹750 million sustainability-linked bond (SLB), anchored by HSBC and offering a 6.35% coupon (competitive by market standards) suggests that investors are willing to back credible ESG-labelled issuances. But whether this debut sparks a broader trend or remains an isolated milestone hinges on a critical factor: investors' willingness to pay the 'greenium" – the difference between the yield or returns investors receive from a green bond versus a similar conventional bond. 'The primary factor will be investor interest and their willingness to offer a green or ESG premium to the bond issue compared to other fixed-income instruments," said Bose Varghese, senior director-ESG at Cyril Amarchand Mangaldas. 'Demand for rupee-denominated ESG bonds has been lukewarm because of the issuers' expectation of a 'green premium' and investors' lack of interest to offer that. But L&T has done it. We can expect more to follow", he said. Global vs local demand Globally, ESG-labelled instruments from Indian companies have seen strong demand. In 2015, Exim Bank issued a $500-million green bond, followed by Axis Bank in 2016. But in India, listed green bond issuance, including municipal bonds, stood at just ₹6,953 crore as of March 2025, according to Sebi data collated by ICRA ESG Ratings Ltd. According to data cited by Nikhil Aggarwal, CEO of investment platform Grip Invest, green bonds outperformed conventional bonds by nearly 2% in 2024. 'The positive response from institutional investors highlights strong demand, which will be critical for future issuances," said Aggarwal. R. Shankar Raman,president, whole-time director & chief financial officer (CFO) at L&T, told Mint the company aims to encourage responsible finance as a strategic pillar. 'We received interest from reputed investors and arrangers who were aligned with the ESG theme. The issuance also enabled us to secure beneficial pricing, reflecting the positive market sentiment toward credible sustainability-linked offerings," he said. Data from Prime Database showed thatIndia's green bond market saw 27 issues totalling ₹8,743 crore between FY21 and FY25. The highest was in FY22, when ₹2,677 crore was raised across 10 issues. Only two issues, worth ₹700 crore, have been recorded so far in FY26. Sebi's ESG bond framework Sebi's 5 June circular introduced a framework covering green, social, sustainability, and sustainability-linked bonds. It mandated KPI-linked disclosures and third-party verification. 'While the framework is robust, its effectiveness will depend on the independence and reputation of the third party hired," said Varghese. 'L&T has long-standing sustainability targets, including carbon and water neutrality," said Heena Khushalani, partner, climate change and sustainability services, EY India. 'For a company with strong internal momentum on ESG and measurable long-term targets, this instrument is flexible and a logical step," she added. Khushalani also pointed out that SLBs often include coupon rate adjustments based on the achievement of sustainability targets. 'If attractive coupon rates—like the 6.35% in L&T's case—become a trend, it'll incentivise more issuers," she said. To be clear, among green bonds with a three-year tenure, Avaada Solaris and Clean Sustainable Energy offer a 6.75% coupon rate, according to data from Prime Database. Still, a shortage of qualified reviewers in India could delay issuances. 'This could create bottlenecks in timely issuance and validation," Aggarwal warned. Khushalani said, 'Sebi, NSE, or platforms like GIFT City could jointly issue guidelines or empanel competent verifiers to mitigate greenwashing risks." The push for sustainable finance is likely to grow, especially among large firms with net-zero commitments. Experts said the Sebi framework has brought regulatory clarity and boosted investor confidence. 'As successful examples emerge, more corporates are likely to explore ESG bonds, not just as a funding tool but as a strategic instrument to align with global investor expectations," said L. Shivakumar, CEO of ICRA ESG Ratings Ltd. Shivakumar also highlighted India's proposed draft climate finance taxonomy, aimed at bringing consistency to ESG disclosures by aligning them with global standards. 'It will provide a structured classification system that enables better comparability and tracking of outcomes," he added. Smaller firms could struggle Despite policy momentum, experts said smaller firms could struggle to participate in the ESG debt market owing to high compliance costs, limited visibility, and weaker secondary-market liquidity. 'So far we have seen only large, reputed Indian corporations issuing ESG-labelled bonds," said Varghese. 'For smaller companies with smaller fund requirements, issuance costs may prove significant." Indian Renewable Energy Development Agency Limited issued a 10-year bond for ₹590 crore in 2019 and Dme Development Limited issued a 10-year bond for ₹775 crore in 2024. An analyst at a rating agency said, 'The real test will be how effectively Sebi ensures enforcement and prevents greenwashing. Without that, the credibility of the entire market is at stake."
