SLB Stock Surges on Venezuela Oil Volatility and Analyst Upgrades
Toronto, January 8, 2026 – Schlumberger Limited (SLB) shares closed at US$43.59 on January 8, 2026, reflecting a 2.57% increase from the previous day. The stock has seen significant gains in early 2026, driven by geopolitical developments in Venezuela and positive analyst revisions, positioning SLB as a key player in the evolving energy sector.
Market Performance and Key Metrics
SLB’s current stock price stands at US$43.59, with a market capitalization of US$65.11 billion. The price-to-earnings ratio is 16.86, and it offers a dividend yield of 2.61%. Trading volume for the day was 5.24 million shares, compared to an average of 15.35 million. The stock fluctuated between US$42.55 and US$43.67, ending 2.4% above the day’s low and 0.2% below the high. Over the past year, SLB has risen 12.54%, with a 52-week range of US$31.11 to US$45.16.
Recent News and Analyst Activity
On January 7, 2026, Susquehanna raised its price target on SLB to US$52 from US$42, maintaining a positive rating. TD Cowen also adjusted its target to US$55 from US$57, keeping a Buy rating. Earlier in the week, Evercore ISI upgraded SLB to Outperform from In Line, raising the price target to US$54 from US$38. These moves follow news of SLB’s asset-light strategy, including divestitures in land rig portfolios across regions like Pakistan, Brazil, and Ecuador. Additionally, geopolitical factors, such as potential Venezuela oil market reopening, have contributed to volatility and upward momentum in energy stocks, with SLB surging on January 5 amid related developments.
Key Facts
| Metric | Value |
|---|---|
| Current Price | US$43.59 |
| Market Cap | US$65.11B |
| P/E Ratio | 16.86 |
| Dividend Yield | 2.61% |
| 52-Week High | US$45.16 |
| 52-Week Low | US$31.11 |
| Average Analyst Target | US$51.19 |
| Consensus Rating | Buy |
Frequently Asked Questions
What is driving SLB’s recent stock performance?
SLB’s stock has benefited from Venezuela-related oil volatility and analyst upgrades, including raised price targets from firms like Susquehanna and TD Cowen. The company’s focus on digital solutions and asset-light strategies has also bolstered investor confidence.
What are the analyst price targets for SLB?
Analysts have set an average 12-month price target of US$51.19 for SLB, with forecasts ranging from US$36.36 to US$59.85. The consensus rating is Buy, based on 17 analysts.
How has SLB performed over the past year?
SLB shares have increased by 12.54% over the past year, with a 52-week range of US$31.11 to US$45.16. In 2025, the company reported revenue of US$36.3 billion and expanded EBITDA margins.