Schlumberger Limited (SLB) continues to be in the spotlight, with key financial groups and individual investors increasing their stakes. Strategic acquisitions like the successful completion of the ChampionX deal are drawing interest, as is the company's strong Q3 performance. Despite the market's overall improvement, Schlumberger's stock has experienced some decline, though financial forecasts remain positive with buy ratings maintained by Citi, UBS, J.P. Morgan, and Bank of America. The acquisition of RESMAN Energy Technology and Petrobas contracts have reinforced its intention to solidify its market presence. Criticism and bearish outlooks exist, however, including the opinion of Jim Cramer, stating the company is performing poorly. The company's proposed shift to digital and its focus on enhanced oil recovery indicate its commitment to innovation.
A notable rebrand, shareholder-approved, has its new identity as SLB N.V. Despite the stock's recent fall, it has been highlighted as an undervalued dividend growth player in the oil sector. Heavy interest in the energy stock continues across the board, including by hedge funds.
Schlumberger Limited SLB News Analytics from Thu, 06 Feb 2025 08:00:00 GMT to Thu, 30 Oct 2025 13:53:52 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor -2
