Company Of The Day: Schlumberger

+6.32%
Upside
54.81
Market
58.27
Trefis
SLB: SLB logo
SLB
SLB

What?

Oilfield services major Schlumberger (NYSE:SLB) projects that its 2021 sales will top $22.5 billion. Although this marks a slight decline from the $23.6 billion posted in 2020, it is ahead of consensus estimates. Adjusted EBITDA margins are projected at between 20.8% and 21.3%, up from about 18% last year.

Why?

Relevant Articles
  1. Down 7% Already This Year, Will SLB Stock Recoup These Losses After Q4 Results?
  2. Flat Since The Beginning of 2023, What Is Next For SLB Stock?
  3. SLB’s Q2 Earnings: What Are We Watching?
  4. SLB Stock To Likely Trade Higher Post Q1
  5. SLB Stock Looks Attractive At $46
  6. What To Expect From SLB’s Stock Post Q4 Results?

Oil and gas prices have recovered from their 2020 lows and Schlumberger is also tapping into an expanding market for low-carbon technology.

So What?

Schlumberger stock reacted very positively to the news, rising by almost 8% in Wednesday’s trading. The stock is up by over 60% this year, although it still remains below its 2019 highs.

See Our Complete Analysis For Schlumberger 

While we think Schlumberger stock looks slightly overvalued, it is helpful to know how its peers stack up. Schlumberger  Stock Comparison With Peers summarizes how SLB compares against peers on metrics that matter. You can find more useful comparisons on Peer Comparisons.

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams