SLB

SLB

$50.81

+3.04%
Aug 4, 2026
Bobby Quantitative Model
SLB Limited, formerly Schlumberger, is the world's premier oilfield-services company, providing technology, project management, and information solutions to the global energy industry. As the largest player in a fragmented market, SLB holds first or second competitive positions in many of the differentiated oligopolies in which it operates, with a strong focus on international markets and a growing digital business. The current investor narrative centers on SLB's strategic pivot toward digital and new energy businesses, which is driving a re-rating as the company leverages AI and data-driven solutions to enhance efficiency and open new revenue streams. Recent earnings beat expectations, and the stock surged on the back of its booming AI data center business, while geopolitical tensions and oil price volatility continue to influence sentiment.

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SLB 12-Month Price Forecast

Historical Price
Current Price $50.81
Average Target $50.81
High Target $58.43
Low Target $43.19

Wall Street consensus

Most Wall Street analysts maintain a constructive view on SLB's 12-month outlook, with a consensus price target around $62.03 and implied upside of +22.1% versus the current price.

Average Target

$62.03

0 analysts

Implied Upside

+22.1%

vs. current price

Analyst Count

covering this stock

Price Range

$43 - $71

Analyst target range

SLB is covered by 29 analysts, with a consensus recommendation of 'Buy' and a mean rating of 1.6 (where 1 is Strong Buy and 5 is Sell). The average price target is $62.00, implying a 25% upside from the current price of $49.59. The target range spans from $43.00 (low) to $71.00 (high), indicating a wide dispersion in expectations. The high target of $71 assumes successful execution of the digital and new energy strategy, while the low target of $43 reflects concerns about oil price weakness and geopolitical risks. Recent ratings actions have been predominantly positive, with firms like Raymond James, Susquehanna, and Citigroup reiterating or maintaining bullish stances, suggesting analysts remain confident in SLB's long-term prospects.

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SLB Technical Analysis

SLB's price trend over the past year has been strongly upward, with a 1-year price change of +46.7%, significantly outperforming the S&P 500's +18.2% over the same period. The stock is currently trading at $49.59, which is 84.3% of its 52-week range (low of $31.64, high of $58.82), indicating it remains in the upper half of its yearly range but has pulled back from the highs. This positioning suggests the stock is in a longer-term uptrend but has recently corrected, offering a potential entry point for investors who believe the fundamental story remains intact.

Beta

0.75

0.75x market volatility

Max Drawdown

-22.3%

Largest decline past year

52-Week Range

$32-$59

Price range past year

Annual Return

+54.5%

Cumulative gain past year

PeriodSLB ReturnS&P 500
1m+12.6%+3.6%
3m-7.9%+5.1%
6m+2.6%+13.8%
1y+54.5%+22.2%
ytd+26.4%+13.1%

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SLB Fundamental Analysis

SLB's revenue trajectory has been steadily growing, with the most recent quarter (Q1 2026) reporting revenue of $8.721 billion, up 2.7% year-over-year. This growth is modest but consistent, with quarterly revenues over the past year ranging from $8.49 billion to $9.745 billion, showing resilience despite oil price volatility. The company's growth is increasingly driven by its digital and new energy segments, which are expanding faster than the core oilfield services business, positioning SLB for long-term diversification.

Quarterly Revenue

$8.7B

2026-03

Revenue YoY Growth

+2.7%

YoY Comparison

Gross Margin

15.3%

Latest Quarter

Free Cash Flow

$4.7B

Last 12 Months

Revenue & Net Income Trends (2 Years)

Revenue Breakdown

Digital Integration
Production Systems
Reservoir Characterization
Well Construction

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Valuation Analysis: Is SLB Overvalued?

Given SLB's positive net income, the trailing P/E ratio of 16.1x is the primary valuation metric, with a forward P/E of 15.2x, implying the market expects modest earnings growth. The stock trades at a discount to the broader market and its own historical average, suggesting it is undervalued relative to its growth prospects. Compared to the industry average P/E of 22x, SLB's 16.1x represents a 27% discount, which is justified by its lower growth rate but also highlights potential upside if the digital business accelerates.

PE

16.1x

Latest Quarter

vs. Historical

Mid-Range

5-Year PE Range 11x~19x

vs. Industry Avg

N/A

Industry PE ~N/A*

EV/EBITDA

9.2x

Enterprise Value Multiple