Houston, Texas-based Schlumberger Limited (SLB) engages in the provision of technology for the energy sector. Valued at $48.1 billion by market cap, Schlumberger operates as a leading oilfield services company, serving oil and gas explorers and producers across the world.
The stock has significantly underperformed the broader market over the past year. SLB has plunged 10.9% on a YTD basis and 28.2% over the past 52 weeks, lagging behind the S&P 500 Index’s ($SPX) 8.2% surge in 2025 and 17% gains over the past year.
Zooming in further, Schlumberger has also lagged behind the Energy Select Sector SPDR Fund’s (XLE) 2.4% uptick in 2025 and 5.5% drop over the past 52 weeks.
Schlumberger’s stock prices dropped 3.9% following the release of its mixed Q2 results on Jul. 18. While the company’s financials observed a slight improvement from Q1, they remained underwhelming on a year-on-year basis. Its topline for the quarter dropped 6.5% year-over-year to $8.5 billion. Meanwhile, its adjusted EPS dropped 12.9% year-over-year to $0.74, but exceeded the consensus estimates by 1.4%.
Nevertheless, its aggregated operating cash flows of Q1 and Q2 have inched up 2.2% year-over-year to $1.8 billion. Following the initial dip, SLB maintained a positive momentum for the next six trading sessions.
For the full fiscal 2025, ending in December, analysts expect SLB to deliver an adjusted EPS of $2.88, down 15.5% year-over-year. The company has a mixed earnings surprise history. While it missed the Street’s bottom-line estimates once over the past four quarters, it has surpassed the projections on three other occasions.
The stock holds a consensus “Strong Buy” rating overall. Of the 23 analysts covering the stock, opinions include 15 “Strong Buys,” four “Moderate Buys,” and four “Holds.”
This configuration is slightly less bullish than two months ago, when 16 analysts gave “Strong Buy” recommendations.
On Jul. 21, Susquehanna analyst Bascome Majors reiterated a “Positive” rating on SLB, but lowered the price target from $44 to $42.
SLB’s mean price target of $46.56 represents a 36.3% premium to current price levels, while the Street-high target of $64.50 suggests an 88.8% upside potential.
On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
