SLB Stock Receives Strong Buy Rating from Analysts Amid Resilient Performance
Schlumberger N.V. (SLB) has shown strong performance in the energy sector, outpacing both the S&P 500 and oil & gas ETF XOP over the past year with a stock gain of 37.4%. In Q2 2026, SLB reported better-than-expected results despite operational disruptions in the Middle East, driven by strong international demand and North American recovery. The company's revenue rose to $8.97 billion (up 5% YoY), with adjusted EPS at $0.55 exceeding estimates. It also generated significant cash flow and executed strategic moves like acquiring Tachyus Corp., repurchasing shares, and increasing dividends. Analysts project continued growth in Q3 as Middle East operations recover. Currently, the consensus rating for SLB is a 'Strong Buy' with 19 out of 26 analysts recommending it highly. Morgan Stanley raised its price target to $55 from $54 while maintaining an 'Overweight' stance. The mean analyst price target implies a potential upside of nearly 30%.
Tickers: $SLB