Key TakeawaysSLB stock has lost 15.3%, underperforming the 2.9% gain this year of the oil and gas field services industry.Still, the stock has a premium valuation suggesting the market has confidence in the company - is it warranted?Register now to see our 7 Best Stocks for the Next 30 Days report - free today!SLB (SLB) is currently considered expensive on a relative basis, with the stock trading at a trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EB ...

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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Schlumberger (SLB) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Schlumberger currently has an average b ...

I'm a full time value investor and writer who enjoys using classical value ratios to pick my portfolio. Long-term focused on low P/B, P/FCF, Owner Earnings discounting, PEG ratios, the Graham Number and an occasional net-net hunter. I also believe tracking earnings growth versus price appreciation is an essential element to any quality evaluation.I advocate self-indexing primarily using the Dow Jones Industrial Average as my index of choice combined with Joel Greenblatt's Magic Formula. This can help with t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file No.: 1-4601 Schlumberger N.V. (Schlumberger Limited) (Exact name of registrant as specified in its charter) Title of each class Trading Symbol(s) Name of each exchange o ...

Last week, SLB (SLB) reported strong third-quarter 2024 results, driven by earnings growth from the Production Systems and Digital & Integration business segments. Despite the positive, the oilfield service giant's overall business outlook is not impressive.Before delving into the underlying reasons for the subdued outlook and addressing how investors should strategically position themselves regarding the stock, let’s first review the third-quarter results.SLB’s Q3 Earnings SnapshotOn Oct. 18, SLB reported ...

SLB (SLB) , an American oilfield services company, announced a definitive agreement to sell its interests in the Palliser Block in Alberta, Canada. The deal marks another strategic move by SLB to streamline its portfolio and sharpen its focus on technology-driven energy solutions.Details of SLB’s Palliser Block AssetsThe Palliser Block comprises oil and gas wells, surface facilities, a pipeline network, and oil and gas development rights across approximately 800,000 acres. In 2017, SLB acquired these assets ...

Investment Rating - The report does not explicitly state an investment rating for Schlumberger (SLB US) [1][2][3] Core Views - Schlumberger's Q3 2024 performance is expected to be positively received by the market, with adjusted net income of $1.507 billion, surpassing consensus estimates [2] - The company reaffirmed its FY2024 adjusted EBITDA growth guidance of approximately 14-15%, with EBITDA margins expected to reach or exceed 25% [2] - Digital & Integration business exceeded expectations with revenue of $386 million, up 23% YoY, and an operating income margin of 35%, higher than the consensus of 32% [3] - Reservoir Performance business underperformed with revenue of $367 million, down 9% YoY, and an operating income margin of 20%, below the consensus of 21% [3] - Well Construction business met expectations with revenue of $3.312 billion, down 3% YoY, and an operating income margin of 22%, in line with consensus [3] - Production Systems business outperformed with revenue of $3.096 billion, up 31% YoY, and an operating income margin of 17%, higher than the expected 16% [3] Financial Performance Summary - Total revenue for Q3 2024 was $9.159 billion, slightly below consensus but up 10% YoY [5] - Adjusted EBITDA for Q3 2024 was $2.343 billion, up 13% YoY, with a margin of 26%, higher than the consensus of 25% [5] - Adjusted net income for Q3 2024 was $1.507 billion, up 34% YoY, with a margin of 16%, higher than the consensus of 14% [5] - Diluted EPS for Q3 2024 was $0.85, up 9% YoY [5] Business Segment Performance - **Digital & Integration**: Revenue of $1.088 billion, up 11% YoY, with operating income of $386 million, up 23% YoY, and a margin of 35% [5] - **Reservoir Performance**: Revenue of $1.823 billion, up 9% YoY, with operating income of $367 million, up 7% YoY, and a margin of 20% [5] - **Well Construction**: Revenue of $3.312 billion, down 3% YoY, with operating income of $714 million, down 6% YoY, and a margin of 22% [5] - **Production Systems**: Revenue of $3.103 billion, up 31% YoY, with operating income of $519 million, up 63% YoY, and a margin of 17% [5]

Financial blogger, part-time investor. Bullish oil & gas, OFS/offshore, commodities, EMs. Bearish energy transition. My posts aren't investment advice, DYODD.Disclaimer: My articles, blog posts and comments on this platform do not constitute investment recommendations, but rather express my personal opinions and are for informational purposes only. I may be a CFA but I am not a registered investment advisor and none of my writings should be considered as investment advice. While I do my best to ensure I pre ...

Earnings Performance - SLB reported a 10% year-over-year increase in Q3 revenue to $9.16 billion, missing consensus estimates by $100 million [1] - Earnings per share (EPS) came in at 83 cents, 4 cents below forecasts [1] - North American revenue rose 3% to $1.69 billion, constrained by lower drilling activity in U.S. land due to gas prices and capital discipline by operators [1] - International revenue surged 12% to $7.43 billion, driven by higher demand in the Middle East & Asia, while Latin American revenue declined by 3% [1] Impact of Commodity Prices - Lower commodity prices negatively affected SLB's quarterly results, leading customers to reduce activity and discretionary spending [1] - The decline in oil and natural gas prices also dragged down the S&P Energy Sector Index [1] - SLB shares fell approximately 4% to $42.25 on Friday, with a year-to-date decline of 19% [2] CEO Commentary on Market Conditions - CEO Olivier Le Peuch noted that commodity prices have been under pressure due to uncertainty around OPEC+ supply releases, weaker demand from China, and softer economic growth in the U.S. and Europe [2] - These factors resulted in a cautious approach by customers, impacting SLB's earnings [2] Industry Impact - SLB was not the only company affected by falling commodity prices, as the S&P Energy Sector Index also declined slightly [2]