Schlumberger stock holds near USD 52 before October results

Published on 09/23/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Schlumberger stock closed at USD 51.76 on September 21, 2026, while UBS lifted its target to USD 75. Second-quarter EPS beat by USD 0.04.

Ölbohrturm im Wüstenfeld bei Sonnenuntergang mit Servicemannschaft am Bohrkopf — Schlumberger NV Bohrturm bei Sonnenuntergang im Ölfeld, ISIN US06520E1029, Arbeiter am Bohrkopf tätig, Illustration mit AI erstellt.

Schlumberger Limited (ISIN US06520E1029) closed at USD 51.76 on the NYSE on September 21, 2026, leaving the stock USD 8.70 below its 52-week high of USD 60.46. The immediate market checkpoint is the scheduled third-quarter report on October 16, 2026.

UBS raises target to USD 75

According to Ad Hoc News on September 22, 2026, UBS maintained its Buy rating and raised the price target from USD 72 to USD 75 on September 14, 2026. The USD 3 increase places the UBS target USD 23.24 above the September 21 closing price, while the reported average analyst target stood at USD 62.34.

The valuation gap is therefore measurable rather than merely directional: the average target was USD 10.58 above the close, and the UBS target was USD 23.24 higher. That contrast gives the October report a clear test, because execution must support the expectations already embedded in published targets.

Second quarter beat expectations

According to MarketBeat on September 22, 2026, Schlumberger reported second-quarter EPS of USD 0.55 for the quarter announced on July 25, 2026. EPS exceeded the consensus estimate of USD 0.51 by USD 0.04, while revenue reached USD 8.97 billion against expectations of USD 8.67 billion.

The comparison with the prior-year period is less favorable on earnings: EPS was USD 0.74 in the same period a year earlier, according to the same dated MarketBeat report. The October consensus cited by MarketBeat calls for Q3 2026 EPS of USD 0.62 and revenue of USD 9.27 billion.

Stock stays below yearly high

Schlumberger closed at USD 51.76 on September 21, 2026, after trading between USD 50.47 and USD 52.38 during that session. Volume was 10,074,589 shares, below the cited average volume of 13,450,080 shares, while market capitalization was USD 76.819 billion.

The risk profile is visible in the range itself: the USD 31.64 52-week low and USD 60.46 high span USD 28.82. The stock was therefore USD 20.12 above its low but remained USD 8.70 below its high as of September 21, 2026.

October report sets next checkpoint

Schlumberger's next scheduled reporting date is October 16, 2026, with the Q3 2026 announcement listed before the market opens and the conference call at 9:30 a.m. Eastern Time by MarketBeat.