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SLB Stock Plummets 30% YTD: Should You Hold or Exit the Investment?
ZACKS· 2024-12-19 15:51
Year to date (YTD), SLB (SLB) has experienced a 29.9% decline, significantly underperforming the industry’s overall fall of 8.6%. The reduced demand for SLB's products and services due to a slowdown in both North American and international drilling activities has adversely impacted its offerings, such as well placement optimization and drilling efficiency solutions. These are some of the key reasons for the company’s underperformance in the stock market.YTD Price Chart Image Source: Zacks Investment Researc ...
Recurring Income: 2 Magnificent Bargains Up To 10% Yield
Seeking Alpha· 2024-12-14 13:00
iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.It’s a great time to be a value investor, especially with growth stock driving the market to all-time highs and with the S&P 500 ( SPY ) yielding a paltry 1. ...
Petrobras Awards Major Offshore Contract to SLB Worth $800 Million
ZACKS· 2024-12-12 17:30
Petrobras S.A. (PBR) , the Brazilian state-owned oil company, has signed a major contract with SLB (SLB) , a leading global oilfield services provider, for the maintenance of its offshore fields. SLB will offer integrated services for all offshore fields operated by Petrobras, particularly in the Campos, Santos and Espirito Santo basins. The deal is valued at $800 million.Overview of the ContractPer the terms of the agreement, SLB shall be responsible for managing the construction of more than 100 deepwater ...
Schlumberger (SLB) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2024-11-25 23:50
Schlumberger (SLB) ended the recent trading session at $43.75, demonstrating a -1.09% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.3%. Elsewhere, the Dow gained 0.99%, while the tech-heavy Nasdaq added 0.27%. The world's largest oilfield services company's shares have seen an increase of 5.97% over the last month, not keeping up with the Oils-Energy sector's gain of 6.06% and outstripping the S&P 500's gain of 2.1%. The investment community will be paying clos ...
Schlumberger: Buy This Oilfield Service Leader
Seeking Alpha· 2024-11-25 21:06
An independent Singapore-based investor researching in trending sectors of macro markets such as Technology and Communication services. I publish articles once a month. I greatly appreciate constructive feedback on how to improve my articles and theses so as to gain experience, understanding, and most importantly advice on how to present a more nuanced point of view in my writing. These comments will enable me to gain maturity in my quantitative and qualitative analysis; quantitative via the substantiative ...
Time to Assess SLB's Premium Stock Valuation: Buy, Sell, or Hold?
ZACKS· 2024-11-21 20:45
Key TakeawaysSLB stock has lost 15.3%, underperforming the 2.9% gain this year of the oil and gas field services industry.Still, the stock has a premium valuation suggesting the market has confidence in the company - is it warranted?Register now to see our 7 Best Stocks for the Next 30 Days report - free today!SLB (SLB) is currently considered expensive on a relative basis, with the stock trading at a trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EB ...
Schlumberger: Buy While The Market Is Asleep On Digital Transformation
Seeking Alpha· 2024-11-21 15:49
iREIT+HOYA Capital is the premier income-focused investing service on Seeking Alpha. Our focus is on income-producing asset classes that offer the opportunity for sustainable portfolio income , diversification , and inflation hedging . Get started with a Free Two-Week Trial and take a look at our top ideas across our exclusive income-focused portfolios.I am Gen Alpha. I have more than 14 years of investment experience, and an MBA in Finance. I focus on stocks that are more defensive in nature, with a medium ...
Wall Street Analysts See Schlumberger (SLB) as a Buy: Should You Invest?
ZACKS· 2024-11-20 15:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Schlumberger (SLB) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Schlumberger currently has an average b ...
Schlumberger: Digital Transformation Of The Energy Sector Could Provide Catalysts
Seeking Alpha· 2024-10-30 15:47
I'm a full time value investor and writer who enjoys using classical value ratios to pick my portfolio. Long-term focused on low P/B, P/FCF, Owner Earnings discounting, PEG ratios, the Graham Number and an occasional net-net hunter. I also believe tracking earnings growth versus price appreciation is an essential element to any quality evaluation.I advocate self-indexing primarily using the Dow Jones Industrial Average as my index of choice combined with Joel Greenblatt's Magic Formula. This can help with t ...
Schlumberger(SLB) - 2024 Q3 - Quarterly Report
2024-10-23 16:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file No.: 1-4601 Schlumberger N.V. (Schlumberger Limited) (Exact name of registrant as specified in its charter) Title of each class Trading Symbol(s) Name of each exchange o ...