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Schlumberger Ltd SLB

Morningstar Rating
$49.42 +0.07 (0.14%)
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Company Report

In Expected Move, OPEC+ Extends Voluntary Oil Production Cuts

OPEC announced that its voluntary cuts due to expire at the end of March have been extended until the end of June. Since oil markets remain weak, we had expected OPEC and its allies to extend the voluntary cuts for another quarter. The 2.2 million barrels per day in voluntary cuts, largely shouldered by Saudi Arabia and to a lesser extent Russia, were originally implemented as a temporary effort last year but have been extended several times as the market has remained oversupplied, in our view.

Price vs Fair Value

SLB is trading at a 18% discount.
Price
$49.42
Fair Value
$22.00
Uncertainty
High
1-Star Price
$62.00
5-Star Price
$73.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

SLB’s routine investment in research and development have made it the leading innovator in oilfield services.

Bears

Decreased oil demand in the long run could limit SLB’s growth potential over time.

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News

Trading Information

Previous Close Price
$49.35
Day Range
$49.0149.96
52-Week Range
$42.7362.12
Bid/Ask
$48.24 / $49.86
Market Cap
$70.79 Bil
Volume/Avg
7.7 Mil / 11.1 Mil

Key Statistics

Price/Earnings (Normalized)
16.53
Price/Sales
2.15
Dividend Yield (Trailing)
2.07%
Dividend Yield (Forward)
2.23%
Total Yield
3.05%

Company Profile

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.
Sector
Energy
Industry
Oil & Gas Equipment & Services
Stock Style Box
Large Value
Total Number of Employees
111,000

Competitors

Valuation

Metric
SLB
WFRD
HAL
Price/Earnings (Normalized)
16.5317.2911.20
Price/Book Value
3.498.223.33
Price/Sales
2.151.521.38
Price/Cash Flow
10.418.578.00
Price/Earnings
SLB
WFRD
HAL

Financial Strength

Metric
SLB
WFRD
HAL
Quick Ratio
0.881.171.27
Current Ratio
1.321.792.06
Interest Coverage
11.303.466.68
Quick Ratio
SLB
WFRD
HAL

Profitability

Metric
SLB
WFRD
HAL
Return on Assets (Normalized)
9.54%13.08%11.77%
Return on Equity (Normalized)
22.91%92.12%32.42%
Return on Invested Capital (Normalized)
14.48%25.21%18.20%
Return on Assets
SLB
WFRD
HAL
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Oil & Gas Equipment & Services Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
HAL
Halliburton CoFqjnkfp$31.3 Bil
BKR
Baker Hughes Co Class ABltxk$29.5 Bil
TS
Tenaris SA ADRWsnyx$20.7 Bil
FTI
TechnipFMC PLCVyg$9.4 Bil
WFRD
Weatherford International PLC Ordinary Shares - NewTxjl$7.6 Bil
NOV
NOV IncVbpfj$6.6 Bil
CHX
ChampionX CorpMbh$6.0 Bil
LBRT
Liberty Energy Inc Class ADvxq$3.6 Bil
XPRO
Expro Group Holdings NVCjnr$2.0 Bil

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