In recent news, Schlumberger Limited (NYSE:SLB), witnessed a surge in its share holdings by diverse investors such as
MML Investors Services LLC, NewEdge Advisors LLC, Dimensional Fund Advisors LP, First Trust Advisors LP, and others. Some investment firms such as
Coastline Trust Co, Capital World Investors , and others, however, reduced their stock position in the oilfield services giant. The company has issued a
warning of drilling slowdown taking a cue from the trend in the oilfield services sector. Despite this, Schlumberger is recognized as the best
undervalued energy stock to invest in now. The upcoming Q1 earnings are highly anticipated and may affect stock performances. As for operational performance, the company committed
to return a minimum of $4 billion to its shareholders in 2025 despite a slight miss on Q1 Earnings and Revenues. In view of its environmental commitments, the company leads the charge in energy and carbon management. Schlumberger CEO has assured of
protection of margins and cash flow amidst potential macro uncertainties. The market value of the stock, though variable in Short-term, is viewed as
modestly undervalued and growing in the long-run.
Schlumberger Limited SLB News Analytics from Mon, 11 Nov 2024 20:26:52 GMT to Sat, 26 Apr 2025 09:58:23 GMT -
Rating 4
- Innovation 2
- Information 8
- Rumor -5
