How to Buy Schlumberger Limited Stock
Schlumberger Limited
Schlumberger Limited is a oil & gas equipment & service company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker SLB on the NYSE exchange.
Schlumberger Limited stock last closed at $52.31, down 0.46% from the previous day, and has increased 4.87% in one year. It has underperformed other stocks in the Oil & Gas Equipment & Services industry by 0.03 percentage points. Schlumberger Limited stock is currently +22.42% from its 52-week low of $42.73, and -16.68% from its 52-week high of $62.78.
There are currently 1.42B shares of SLB outstanding. The market value of SLB is $74.46B. In the last 24 hours, 5.62M SLB shares were traded.
How to Buy Schlumberger Limited Stock
Wondering how to invest in Schlumberger Limited stock? Here's how.
- Decide where to buy Schlumberger Limited stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you choose where to buy Schlumberger Limited stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your payment method and add your details.
- Evaluate Schlumberger Limited stock: The Schlumberger Limited ticker symbol is SLB. Is Schlumberger Limited stock a good investment? Should you buy shares of SLB? How do SLB's underlying business fundamentals look? Do top analysts think Schlumberger Limited is a good buy? Why has SLB's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if SLB is a good stock to buy).
- Make your SLB buy order: Decide if you will purchase SLB shares at the current market price or use a limit order to buy SLB stock at a specific price.
- Monitor your SLB investment: Create a watchlist to track your investment in Schlumberger Limited stock.
Step 1: Decide where to buy Schlumberger Limited stock
You need a brokerage account in order to access the NYSE market and buy SLB shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal details so you can invest in SLB today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your investment account
Now that you have filled out your info on the best stock buying app, you can securely and quickly fund your account:
Watch the tutorial below for more details depositing funds into your new investment account.
Step 4: Evaluate Schlumberger Limited stock
After you have figured out the best place to buy Schlumberger Limited stock, it's critical to research their stock before you buy, so you actually understand the risk as well as the opportunity.
Overview of key SLB info
Fundamentals of SLB
WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on SLB's stock page.
Is SLB stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge SLB's fair value.
Using relative valuations metrics:
- SLB may be overvalued based on its P/E ratio of 17.91x, relative to Oil & Gas Equipment & Services industry P/E ratio of 11.33x
- SLB could be overvalued based on its P/B ratio of 3.84x, relative to Oil & Gas Equipment & Services industry P/B ratio of 2.76x
- SLB may be overvalued based on its PEG ratio of 1.65x
You can access additional valuation research on SLB's stock here.
SLB Financial Health
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the SLB balance sheet.
- SLB earnings of $5.64B is not enough to cover its interest payments.
- SLB profit margin has gone up from 11.3% to 13% in the past year.
- There are more short-term assets than short-term liabilities on the SLB balance sheet.
- SLB's operating cash flow of $5.23B allows it to safely service it's debt of $13.15B.
Negative Financial Indicators:
- Total SLB debt is higher than 5 years ago, relative to shareholder equity.
- SLB has a relatively high debt to equity ratio of 1.35.
Do Wall Street analysts think it's a good time to buy SLB stock
Out of 10 Equities analysts who research SLB, the consensus analyst rating on SLB is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest SLB Analyst Ratings
Charles Minervino, a top 18% analyst from Susquehanna maintains SLB with a strong buy rating and raises their SLB price target from $68.00 to $72.00, on Sep 7, 2023.
Susquehanna's Charles Minervino raised their price target on Schlumberger Limited (NYSE: SLB) by 5.9% from $68 to $72 on 2023/09/07. The analyst maintained their Strong Buy rating on the stock.
After hearing Schlumberger Limited's comments at Barclays CEO Energy-Power Conference, Minervino made some tweaks to their model.
However, the analyst said they still think the company's international business will grow steadily.
Factors that catalyze this growth, according to Minervino, include:
- An increase in the number of active land and offshore rigs.
- An increase in production capacity.
- An increase in exploration efforts enabled by the firm's cutting-edge technology.
Amy Wong, a bottom 22% analyst from UBS maintains SLB with a strong buy rating and raises their SLB price target from $72.00 to $73.00, on Aug 17, 2023.
Kurt Hallead, a top 27% analyst from Benchmark reiterates SLB with a strong buy rating and maintains their SLB price target from $65.00 to $65.00, on Jul 24, 2023.
Keith Mackey, a top 15% analyst from RBC Capital reiterates SLB with a buy rating and maintains their SLB price target from $65.00 to $65.00, on Jul 24, 2023.
Connor Lynagh, a bottom 7% analyst from Morgan Stanley reiterates SLB with a strong buy rating and maintains their SLB price target from $62.00 to $62.00, on Jul 24, 2023.
You can dig deeper into what analysts are saying on the Schlumberger Limited stock forecast page.
SLB Momentum
SLB Earnings
Last year, SLB earnings were $4.15B. Over the last two year, SLB's earnings have gone up by 57.31% per year. This was slower than the Oil & Gas Equipment & Services industry average of 258.26%.
Last year, SLB revenue was $32.02B. In the last 5 year, SLB's revenue has grown by -0.49% per year. This was slower than the Oil & Gas Equipment & Services industry average of 3.28%.
You can analyze SLB's earnings and revenue performance here.
What are SLB executives and large shareholders up to?
Over the past 12 months, insiders at SLB have sold more shares than they have bought.
Stephane Biguet, EVP CFO of SLB, was the latest SLB insider to sell. They sold $327,750.00 worth of SLB stock on Nov 27, 2023.
Get more info about who owns SLB stock here.
Can I rely on SLB as an income stream?
Schlumberger Limited pays a dividend of 1.77%, compared to the Oil & Gas Equipment & Services industry's average dividend yield of 2.18%. If you owned $1,000 worth of SLB stock, you would have received $17.68 last year.
Schlumberger Limited dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more analysis about Schlumberger Limited dividend yield and history here.
What others are saying about SLB
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Step 5: Make your SLB buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, place a limit order.
Click the Open Trade button and your broker will execute your order.
If you need more help buying stocks on eToro, click the helpful video below:
Step 6: Monitor your SLB investment
Now that you own some shares in SLB, you'll want to keep up with your new shares.
Create a watchlist to keep tabs on your SLB stock.
SLB Feed
How to Buy Stock in Schlumberger Limited
To reiterate, here are the 6 steps for buying Schlumberger Limited stock:
- Decide where to buy Schlumberger Limited stock
- Sign up for a brokerage account
- Fund your investment account
- Evaluate Schlumberger Limited stock
- Make your SLB buy order
- Monitor your SLB investment
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to track your new investment in Schlumberger Limited, click the button below.
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