Why I Just Bought Back SLB (Schlumberger)

2025-06-01 08:02:21 ET

Summary

• SLB trades at a forward P/E of 9.7-10.4 and an EV/EBITDA of 6.8, suggesting an attractive valuation.
• The company maintains strong financials with a 3.4% dividend yield, robust cash flow, and manageable long-term debt.
• SLB's market capitalization is $44.65 billion.
• Despite Q1 2025 softness, analyst consensus remains a 'buy' with a $47.50/share target, offering significant upside from current levels.

A few months ago, I sold SLB ( SLB ) (formerly known as Schlumberger) stock after the oil price decline, subsequent notices of drilling cutbacks, tariff effect uncertainty, and when a fellow Seeking Alpha member mentioned, in response to my last article for Seeking Alpha about SLB , that SLB’s price hadn’t moved much. Indeed, the company’s stock price is down 21% since my last article....

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