SLB Stock Summary and Trading Ideas (Schlumberger N.V. | NYSE:SLB)

SLB is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.

Schlumberger N.V. trades on the NYSE stock market under the symbol SLB.

As of May 15, 2024, SLB stock price declined to $48.49 with 3,096,602 million shares trading.

SLB has a beta of 0.61, meaning it tends to be less sensitive to market movements. SLB has a correlation of 0.08 to the broad based SPY ETF.

SLB has a market cap of $69.31 billion. This is considered a Large Cap stock.

Last quarter Schlumberger N.V. reported $9 billion in Revenue and $.75 earnings per share. This beat revenue expectation by $677 million and exceeded earnings estimates by $.06.

In the last 3 years, SLB stock traded as high as $62.78 and as low as $25.90.

The top ETF exchange traded funds that SLB belongs to (by Net Assets): VTI, VOO, XLE, SPY, IVV.

SLB has underperformed the market in the last year with a price return of +12.9% while the SPY ETF gained +30.1%. SLB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.5% and +2.1%, respectively, while the SPY returned +6.4% and +5.3%, respectively.

SLB support price is $47.86 and resistance is $49.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SLB stock will trade within this expected range on the day.