SLB rises after third-quarter results top expectations and 2027 outlook improves

SLB N.V. (SLB) is up 3.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to SLB’s third-quarter 2026 earnings release, which showed revenue and adjusted earnings ahead of market expectations. Investors also seem to be responding to improving 2027 commentary, with management highlighting stronger international activity, offshore momentum, and growth from North America and data center-related operations.

Details:

SLB reported third-quarter revenue of $9.45 billion, up 5% from the prior quarter and 6% from a year earlier, while adjusted EPS came in at $0.64.

Those results were modestly above consensus expectations, helping support the stock after the release.

Sequential growth was broad-based, with North America revenue up 7% and international revenue up 5%; management pointed to U.S. unconventional demand, offshore activity, and stronger sales of production chemicals, artificial lift, and valves.

Management also described a compelling 2027 outlook, citing deepwater strength across several regions, recent subsea contract awards, activity increases in Venezuela, and upside potential if Middle East activity recovers.

Sources:

SLB, Yahoo Finance, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SLB Insider Trading Activity

$SLB insiders have traded $SLB stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.

Here’s a breakdown of recent trading of $SLB stock by insiders over the last 6 months:

PEUCH OLIVIER LE (Chief Executive Officer) has made 0 purchases and 6 sales selling 120,000 shares for an estimated $6,825,500.
STEVE MATTHEW GASSEN (EVP, Geographies) has made 0 purchases and 2 sales selling 53,379 shares for an estimated $2,998,766.
LA CHEVARDIERE PATRICK DE sold 2,000 shares for an estimated $108,660

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$SLB Hedge Fund Activity

We have seen 741 institutional investors add shares of $SLB stock to their portfolio, and 823 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 48,266,346 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,243,902,425
BLACKROCK, INC. removed 16,071,804 shares (-12.2%) from their portfolio in Q2 2026, for an estimated $747,178,167
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 9,977,804 shares (+6358.2%) to their portfolio in Q2 2026, for an estimated $463,868,107
PRICE T ROWE ASSOCIATES INC /MD/ added 7,591,014 shares (+14.1%) to their portfolio in Q2 2026, for an estimated $352,906,240
JPMORGAN CHASE & CO added 7,397,890 shares (+inf%) to their portfolio in Q2 2026, for an estimated $343,927,906
FMR LLC added 5,517,133 shares (+25.0%) to their portfolio in Q2 2026, for an estimated $256,491,513
MARSHALL WACE, LLP removed 5,428,683 shares (-91.6%) from their portfolio in Q2 2026, for an estimated $252,379,472

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SLB Government Contracts

We have seen $2,601,917 of award payments to $SLB over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

GIT PROSOURCE UPGRADE: $80,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$SLB Analyst Ratings

Wall Street analysts have issued reports on $SLB in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

UBS issued a "Buy" rating on 04/29/2026

To track analyst ratings and price targets for $SLB, check out Quiver Quantitative's $SLB forecast page.

$SLB Price Targets

Multiple analysts have issued price targets for $SLB recently. We have seen 11 analysts offer price targets for $SLB in the last 6 months, with a median target of $63.0.

Here are some recent targets:

Bascome Majors from Susquehanna set a target price of $55.0 on 07/08/2026
Marc Bianchi from TD Cowen set a target price of $62.0 on 07/01/2026
Scott Gruber from Citigroup set a target price of $63.0 on 07/01/2026
Josh Silverstein from UBS set a target price of $66.0 on 07/01/2026
Stephen Gengaro from Stifel set a target price of $64.0 on 06/18/2026
Keith Mackey from RBC Capital set a target price of $61.0 on 06/16/2026
James West from Evercore ISI Group set a target price of $63.0 on 06/10/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.