Houston, Texas-based Schlumberger Limited (SLB) engages in the provision of technology for the energy sector. Valued at $47.3 billion by market cap, Schlumberger operates as a leading oilfield services company, serving oil and gas explorers and producers across the world.
Companies worth $10 billion or more are generally described as “large-cap stocks.” SLB fits this bill perfectly. Given the company’s extensive operations and dominance in the oil & gas equipment & services industry, its valuation above this mark is unsurprising.
Despite its notable strengths, Schlumberger stock has declined 22% from its 52-week high of $46.15 touched on Oct. 10, 2024. Meanwhile, SLB has gained 8.3% over the past three months, but has notably underperformed the Nasdaq Composite’s ($NASX) 11.6% surge during the same time frame.
Over the longer term, SLB’s performance has remained much more grim. SLB stock prices have declined 6.1% on a YTD basis and 12.9% over the past 52 weeks, underperforming NASX’s 12.4% uptick in 2025 and 27.1% surge over the past year.
To confirm the bearish trend, SLB stock has traded consistently below its 200-day moving average over the past year and below its 50-day moving average since April, with some fluctuations lately.
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. While 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.
However, SLB has also underperformed its peer, Baker Hughes Company’s (BKR) 12.9% gains in 2025 and 36% surge over the past 52 weeks.
The stock still maintains a consensus “Moderate Buy” rating among the 25 analysts covering it. As of writing, SLB’s mean price target of $47.39 suggests a 31.6% upside potential from current price levels.
