How Is Schlumberger's Stock Performance Compared to Other Oil & Gas Equipment & Services Stocks?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2025
0mins
Source: NASDAQ.COM
Schlumberger's Market Performance: Schlumberger Limited, a leading oilfield services company with a market cap of $56.3 billion, has seen its stock dip 24.4% from its 52-week high but has gained 9.8% year-to-date, outperforming the SPDR S&P Oil & Gas Equipment & Services ETF.
Positive Investor Sentiment: Following a strong Q4 2024 earnings report that exceeded estimates, Schlumberger's stock rose over 6%, bolstered by growth in its Digital & Integration segment and an increase in dividends and share buyback authorization, leading to a consensus rating of "Strong Buy" from analysts.
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Analyst Views on SLB
Wall Street analysts forecast SLB stock price to fall
16 Analyst Rating
16 Buy
0 Hold
0 Sell
Strong Buy
Current: 49.250
Low
43.00
Averages
48.71
High
55.00
Current: 49.250
Low
43.00
Averages
48.71
High
55.00
About SLB
SLB N.V. is a global technology company. The Company’s segments include Digital, Reservoir Performance, Well Construction, Production Systems, and All Other. Digital segment includes products, services, and solutions that span the energy value chain from subsurface characterization through field development and hydrocarbon production to carbon management and the integration of adjacent energy systems. Reservoir Performance segment consists of reservoir-centric technologies and services that are critical to optimizing reservoir productivity and performance. Well Construction segment provides operators and drilling rig manufacturers with services and products related to the design and construction of a well. Production Systems segment develops technologies and provides expertise that enhances production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. All Other segment includes asset performance solutions, data center solutions and SLB Capturi.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oil Price Fluctuations: WTI crude oil prices surged over 4%, reaching elevated levels due to Iran's missile and drone strikes on Israel and US bases, raising fears about energy supply disruptions that could impact global economic recovery.
- Economic Data: Despite market pressures, Q4 nonfarm productivity remained at 1.8%, while unit labor costs were revised up to 4.4%, exceeding expectations, indicating resilience in the economic fundamentals that may provide some support to the stock market.
- International Tensions: Reports of Saudi Arabia and the UAE aligning with the Iran conflict have heightened market anxiety, as investors are closely monitoring the potential for increased US military deployment, which could escalate tensions and affect global market stability.
See More
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- Stable Growth of Enterprise Products Partners: Enterprise Products Partners (EPD) operates over 50,000 miles of pipelines and 300 million barrels of liquid storage, with 82% of its gross operating margin derived from fee-based contracts, ensuring stability amid oil and gas price fluctuations, while export volumes are projected to reach record highs.
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- Technology-Driven Efficiency: The company is leveraging technologies such as cube development and lightweight proppants to enhance drilling efficiency and maximize well performance, which is expected to drive cash flow growth, especially as Brent crude oil prices surge past $100.
- Stable Revenue Sources: Enterprise Products Partners operates over 50,000 miles of pipelines and 300 million barrels of liquid storage, ensuring that approximately 82% of its gross operating margin is fee-based and volume-based, significantly reducing its vulnerability to fluctuations in oil and gas prices.
- Impact of Middle East Conflict: The ongoing conflict in Iran poses near-term challenges for both ExxonMobil and SLB, with SLB projecting a decline in earnings per share of $0.06 to $0.09; however, if the situation stabilizes, the demand for SLB's technology could surge, presenting a potential investment opportunity.
See More
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- Stock Surge: SLB shares rose 5.62% following Citigroup's buy recommendation, reaching $49.25 by 12:10 p.m. ET, indicating market confidence in the company's future performance.
- Market Volatility Impact: SLB's stock has fallen 9% since the onset of the Iran conflict, prompting investors to seek buying opportunities at current low prices, reflecting heightened market interest in the oil and gas sector.
- Infrastructure Damage: Recent Iranian attacks have damaged oil and gas infrastructure in the Persian Gulf, with facilities from Shell and ExxonMobil requiring years to repair, potentially increasing demand for SLB's services and driving long-term growth.
- Earnings Guidance Adjustment: SLB lowered its Q1 earnings guidance by $0.06 to $0.09 two weeks ago; while facing short-term pressure, the anticipated repair demand could present growth opportunities for SLB in the long run.
See More
Middle East War Impacts SLB Stock Price
- Stock Price Surge: SLB N.V. (formerly Schlumberger) saw a 6% increase in stock price on Monday after Citigroup recommended buying on weakness, indicating market confidence in its future performance.
- Market Volatility Impact: SLB's stock has fallen 9% since closing at $47 last Friday, reflecting the potential impact of volatile oil prices due to the ongoing Middle East conflict.
- Infrastructure Damage: Oil and gas infrastructure in the Persian Gulf has been damaged by Iranian attacks, with companies like Shell and ExxonMobil facing significant repairs, which could lead to increased contracts for SLB in the coming years, driving long-term growth.
- Earnings Guidance Adjustment: SLB lowered its Q1 earnings guidance by $0.06 to $0.09 two weeks ago, and while facing short-term pressure, the anticipated repair demand may present growth opportunities for SLB in the long run.
See More
