SLB Should I Buy
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SLB is not a strong buy right now for a Beginner long-term investor, even with $50,000-$100,000 to deploy. The stock is sitting near short-term support but the trend remains weak, analyst targets have been drifting lower, and insider selling is a negative. I would not buy aggressively at this level; the better call is to hold and wait for clearer upside confirmation or a stronger pullback/reversal setup.
SLB is in a short-term weak trend. The MACD histogram is negative at -0.589, though it is contracting, which suggests downside momentum is easing. RSI_6 at 15.664 shows the stock is deeply oversold, so a bounce is possible. Moving averages are converging, which often signals a potential trend decision point, but not yet a confirmed uptrend. Price at 45.03 is essentially sitting on S1 support at 45.051, with pivot at 47.202 and resistance at 49.352. That means the stock is testing support rather than breaking out. The near-term pattern data also points to limited follow-through strength, with a negative next-week bias.
Recent news is constructive: SLB secured a seven-year Kuwait Oil Company contract, expanded its Digital Marketplace, and continues to benefit from its technology leadership and international oilfield services exposure. Analysts still maintain Buy/Outperform ratings despite lowering price targets, which shows the long-term story remains intact. The business also appears strong on a fundamental comparison basis, with FY 2025 revenue of $35.7B and net income of $3.4B. There is also a potential long-term tailwind from improving upstream spending and the company’s digital capabilities.
Analyst price targets have been cut recently by UBS, TD Cowen, and Citi, indicating softer near-term expectations. The main concern cited is ongoing Middle East headwinds hurting EBITDA growth and delaying upside. Insiders are selling, and the selling amount increased 120.07% over the last month, which is a clear negative. Hedge funds are neutral, and there is no supportive congress trading activity. The stock trend model also suggests near-term weakness, especially over the next week.
Latest quarter financial data was not available in the provided snapshot, so the most recent quarter cannot be directly assessed here. The only provided financial reference is FY 2025, where SLB reported $35.7 billion in revenue and $3.4 billion in net income, which indicates a profitable and sizable business with strong scale. Based on the news and analyst notes, the company appears to be growing through digital offerings and international project wins, but the latest quarter season-specific growth metrics were not provided.
Wall Street remains constructive overall, but the tone has become less optimistic recently. UBS, TD Cowen, and Citi all lowered price targets on July 1 while keeping Buy ratings, suggesting the pros still like the stock but see slower near-term upside. Earlier in June and May, Stifel, BofA, Bernstein, Barclays, Citi, UBS, and BMO raised targets, which had shown improving sentiment. The latest trend is therefore mixed-to-lower: ratings are still positive, but target cuts reflect caution. The bull case is SLB’s digital leadership, upstream spending recovery, and international exposure; the bear case is Middle East disruption and slower earnings momentum.
