SLB (NYSE:SLB) Stock Jumps 6.1% on Earnings Beat

SLB Limited (NYSE:SLB)’s share price shot up 6.1% during trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $52.18 and last traded at $52.5840. Approximately 5,035,938 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 15,782,455 shares. The stock had previously closed at $49.55.

The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. SLB had a net margin of 8.53% and a return on equity of 14.05%. The business had revenue of $9.45 billion during the quarter, compared to analysts’ expectations of $9.27 billion. During the same period last year, the firm posted $0.69 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis.

SLB News Summary

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB reported adjusted earnings of $0.64 per share, above the $0.62 consensus estimate, marking its fourth consecutive quarterly earnings beat. Revenue rose 5.8% year over year to $9.45 billion, also exceeding expectations. SLB Q3 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management indicated that activity in the Middle East is gradually recovering after a difficult start to the year. Resilient demand in North America and broad-based international growth helped offset weakness related to the Iran conflict. Top oilfield services firm SLB beats quarterly profit estimates
• Positive Sentiment: SLB’s emerging data-center business reportedly increased 76% year over year, adding a potential diversification and growth avenue beyond traditional oilfield services. SLB: Oilfield-Services Giant or AI Stock? Earnings Offer a Clue.
• Positive Sentiment: A new multi-client 3D seismic survey offshore southern Brazil could increase visibility for SLB’s exploration technology and create longer-term opportunities in a prospective frontier basin. SLB Back In Focus Following Brazil Survey
• Neutral Sentiment: Despite the earnings beat, GAAP net income attributable to SLB declined to $735 million from $739 million a year earlier, while the pretax margin narrowed to 10.8% from 11.2%. EPS fell from $0.69 to $0.64 year over year. SLB Announces Third-Quarter 2026 Results
• Negative Sentiment: Some investors may view SLB’s valuation as demanding after its multiyear share-price gains, with one analysis suggesting that contract wins and technology awards may already be reflected in the stock. Geopolitical disruption in the Middle East remains an ongoing operational risk.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays decreased their price target on SLB from $67.00 to $66.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Raymond James Financial dropped 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. The Goldman Sachs Group cut their price objective on SLB from $63.00 to $62.00 in a report on Tuesday, July 7th. Evercore raised their target price on SLB from $63.00 to $66.00 in a research note on Thursday, October 8th. Finally, UBS Group lifted their target price on SLB from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, September 14th. Twenty-four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.27.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Evergreen Advisors LLC acquired a new stake in shares of SLB during the 1st quarter valued at $26,000. Costello Asset Management INC grew its holdings in shares of SLB by 93.3% in the 1st 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 raised its position in shares of SLB by 66.5% during the second quarter. Arlington Trust Co LLC now owns 701 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 280 shares during the period. Maryland Capital Advisors Inc. acquired a new stake in shares of SLB during the second quarter worth $35,000. Finally, Sound Income Strategies LLC raised its position in shares of SLB by 71.1% during the first quarter. Sound Income Strategies LLC now owns 780 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 324 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Stock Performance

The firm has a market capitalization of $78.46 billion, a PE ratio of 25.59, a P/E/G ratio of 2.82 and a beta of 0.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 1.05. The firm has a fifty day moving average price of $52.58 and a 200 day moving average price of $52.15.

SLB Company Profile

SLB, formerly known as Schlumberger, is a global energy technology company that provides products, services and digital solutions to the oil and gas industry. Its offerings support the exploration, development and production of hydrocarbon resources across the life cycle of an oil or gas field.

The company provides reservoir characterization, drilling and well-construction services, well completion and production technologies, and equipment for subsea and surface operations. SLB also develops software, data and automation solutions designed to help energy companies improve operational efficiency, manage reservoirs and reduce emissions.