SLB (NYSE:SLB) Hits New 1-Year High – Still a Buy?

SLB Limited (NYSE:SLB) hit a new 52-week high on Wednesday . The stock traded as high as $54.85 and last traded at $54.7110, with a volume of 3161339 shares. The stock had previously closed at $52.77.

Key Stories Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Bloomberg reports SLB is seen acquiring S&P Global’s subsurface oil software business — a move that would expand SLB’s digital/software offering and recurring‑revenue potential, supporting longer‑term margin and customer‑lock‑in expectations. SLB Seen Acquiring S&P Global’s Subsurface Oil Software Business
• Positive Sentiment: SLB is deepening its digital footprint via an AI partnership in Bahrain (physics‑informed AI with Pipesim) that can strengthen long‑term services ties and recurring digital revenue. How Investors Are Reacting To SLB (SLB) Expanding AI Role In Bahrain’s Net-Zero Production Network
• Positive Sentiment: Momentum: SLB recently hit a 52‑week high, reflecting strong investor appetite and positive sentiment around the company’s growth trajectory and digital strategy. Slb stock hits 52-week high at 54.84 USD
• Neutral Sentiment: Company Q1 results (BusinessWire): revenue of $8,721M (-11% sequential, +3% YoY) and GAAP net income $752M (-9% sequential). Margins improved versus prior quarter but overall income and revenue trends are mixed. SLB Announces First-Quarter 2026 Results
• Neutral Sentiment: Analyst previews flagged Q1 as an “earnings test” with the Middle East conflict clouding near‑term visibility — useful context for guidance and short‑term demand sensitivity. SLB faces earnings test as Middle East conflict clouds outlook
• Negative Sentiment: SLB reported Q1 EPS of $0.52, missing the consensus $0.60 estimate (‑$0.08) — a headline miss that can pressure near‑term sentiment and analyst revisions. View Press Release
• Negative Sentiment: Reuters notes a fall in quarterly profit as disruptions from the war in Iran hit demand for oilfield services in a key region — a geopolitical risk that could weigh on international revenue and near‑term activity. Oilfield services provider SLB posts lower quarterly profit on Iran war hit

Analysts Set New Price Targets

A number of research firms recently weighed in on SLB. Loop Capital set a $48.00 target price on shares of SLB in a research note on Tuesday, January 27th. Susquehanna boosted their price target on shares of SLB from $56.00 to $60.00 and gave the stock a “positive” rating in a report on Tuesday, April 7th. Barclays increased their price objective on shares of SLB from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Jefferies Financial Group lifted their price objective on shares of SLB from $51.00 to $58.00 and gave the stock a “buy” rating in a research report on Sunday, February 1st. Finally, Stifel Nicolaus set a $56.00 target price on shares of SLB in a research note on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.27.

SLB Trading Up 0.8%

The company has a market cap of $82.35 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 3.73 and a beta of 0.69. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $50.15 and its two-hundred day simple moving average is $43.51.

SLB (NYSE:SLB) last issued its earnings results on Friday, April 24th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.08). SLB had a net margin of 9.45% and a return on equity of 17.45%. During the same quarter last year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that SLB Limited will post 2.67 EPS for the current year.

Insider Activity at SLB

In related news, CFO Stephane Biguet sold 61,017 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $3,032,544.90. Following the transaction, the chief financial officer owned 155,548 shares in the company, valued at $7,730,735.60. This trade represents a 28.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dianne B. Ralston sold 18,617 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.50, for a total value of $921,541.50. Following the completion of the sale, the insider owned 224,097 shares of the company’s stock, valued at approximately $11,092,801.50. This represents a 7.67% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 156,902 shares of company stock valued at $7,796,666. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On SLB

A number of institutional investors have recently modified their holdings of SLB. Vanguard Group Inc. grew its position in SLB by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 186,455,878 shares of the oil and gas company’s stock worth $7,156,177,000 after purchasing an additional 1,080,999 shares during the last quarter. State Street Corp boosted its stake in shares of SLB by 1.0% during the fourth quarter. State Street Corp now owns 84,417,217 shares of the oil and gas company’s stock worth $3,263,998,000 after buying an additional 799,218 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of SLB by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 54,006,438 shares of the oil and gas company’s stock worth $2,072,844,000 after buying an additional 1,458,650 shares during the period. Morgan Stanley grew its holdings in shares of SLB by 1.3% during the fourth quarter. Morgan Stanley now owns 37,095,243 shares of the oil and gas company’s stock worth $1,423,716,000 after buying an additional 482,533 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in SLB by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 33,840,883 shares of the oil and gas company’s stock valued at $1,292,993,000 after acquiring an additional 510,747 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

About SLB

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.