Piper Sandler Raises SLB Price Target to $65

On October 26, 2026, Piper Sandler raised its price target on SLB N.V. to $65 from $63, while maintaining an Overweight rating. This change reflects Piper Sandler's positive outlook on SLB's performance in the energy sector. The firm's research note was published on the same day as the target adjustment.

SLB SLB N.V.

$53.06 ▲ +34.16% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Piper Sandler's Call on SLB

Piper Sandler's new price target of $65 indicates confidence in SLB's future growth, particularly in the oil and gas equipment and services industry. The firm had previously set the target at $63, showing a notable increase in their expectations for the company's performance. This adjustment comes as SLB continues to navigate the evolving energy landscape, with a focus on technology and services that enhance production efficiency.

SLB N.V. Stock Up 4.6%

As of October 26, 2026, SLB shares traded recently around $51.84, which is about equal to the closing price of $51.90 on that day. The stock is currently below its 50-day moving average of $52.47 but above its 200-day average of $51.26. It is also about 14.3% below its 52-week high of $60.46, which indicates that the stock has room for potential growth.

Recent Earnings

SLB reported trailing twelve-month revenue of $36.67 billion and an earnings per share (EPS) of $2.07. The company has shown a year-over-year revenue growth of 6.6%, alongside a net margin of 8.4% and a return on equity of 11.7%. SLB's next earnings report is scheduled for January 22, 2027.

Dividend

SLB pays an annual dividend of $1.18 per share, yielding approximately 2.22%. The company's dividend payout ratio stands at 56%, indicating a balanced approach to returning value to shareholders while investing in growth.

Insider Buying and Selling at SLB N.V.

Recently, SLB's CEO, Olivier Le Peuch, sold a total of 85,000 shares across several transactions. The most significant sale occurred on September 1, 2026, where he sold 35,000 shares at $60.00, valued at $2.1 million. These sales were made prior to the recent price target adjustment by Piper Sandler and do not necessarily indicate a negative outlook on the company's future.

Analysts Set New Price Targets

On October 26, 2026, Piper Sandler maintained its Overweight rating for SLB while raising its price target to $65 from $63. Earlier, on October 19, Citigroup also maintained a Buy rating with a target of $62, and Barclays had an Overweight rating with a target of $66. The consensus among analysts suggests a buy recommendation for SLB, with a mean price target of $62.38 based on 29 analyst opinions.

About SLB N.V.

SLB N.V. provides technology and services for the energy industry worldwide. The company operates through various divisions, including Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. SLB is focused on improving field development and hydrocarbon production, alongside carbon management and energy system integration. This focus is crucial as the energy sector adapts to new challenges and opportunities.

Bottom Line

Investors should keep an eye on SLB's upcoming earnings report on January 22, 2027, and any further analyst updates. Piper Sandler's recent target increase reflects confidence in SLB's growth potential in the energy sector, making it a stock worth following closely.