Schlumberger Limited (SLB) has found itself in investors' spotlight recently due to multiple news concerning the company's performance, decisions, and future projections. Reports reveal noticeable
investment activity, such as TCW Group investing $1.20 million and Assetmark buying 46826 SLB stock shares. Furthermore, the company's Q2 revenue has surpassed estimates, leading to optimistic sentiments on Wall Street.
Insider trading activity has also been seen, with insiders such as President Gavin Rennick and CTO selling large amounts of SLB stock. While the firm’s performance, witnessing a decline in Q4, caused some concern, it still effectively aligned with EPS projections and surpassed revenue estimates in Q1 2024. SLB has also initiated
contractual commitments, such as bagging a significant contract for Phase 3, Stage 2 of Equinor's North Sea Troll Project. Despite the declining oil prices affecting its stocks, the general investor consensus seems to be a 'Moderate Buy'. It is also interesting to note that the firm's recent decision to acquire ChampionX is seen as a bold move towards ensuring expansion and consolidation.
Schlumberger Limited SLB News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sun, 26 May 2024 18:18:08 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor -4
