Barclays keeps USD 66.00 target for SLB stock after drilling deal announcement

Published on 10/18/2026 at 12:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays kept Buy and a USD 66.00 target on October 15, 2026. For SLB stock, results follow USD 8.97 billion in second-quarter revenue.

Analyst stance and earnings date

Barclays maintained a Buy rating and a USD 66.00 target on October 15, 2026.
SLB reported USD 8.97 billion in second-quarter revenue, up 5.00 percent year over year.
Third-quarter results are scheduled for October 23, 2026, before the US market opens.
SLB has a USD 73.5 billion market capitalization and a USD 32.50 to USD 60.46 52-week range.

SLB, AN8068571086, Illustration mit AI erstellt.

Barclays maintained a Buy rating and set a USD 66.00 price target for SLB on October 15, 2026, according to Business Insider. The call gives investors a defined reference point before SLB publishes its third-quarter results on October 23, 2026.

Digital drilling adds a current catalyst

SLB announced a digital drilling contract with TotalEnergies on October 8, 2026. The company describes the agreement as a global deployment of its DrillPlan well-planning solutions, linking software revenue potential with its established oilfield-services business, according to the SLB website.

SLB also reported USD 8.97 billion in revenue for the second quarter of 2026, a 5.00 percent increase from USD 8.55 billion in the second quarter of 2025. Net income was USD 786.00 million, compared with USD 1.01 billion a year earlier, while adjusted earnings per share came in at USD 0.55 against a USD 0.51 consensus estimate, according to MarketBeat.

What does the target imply?

The USD 66.00 Barclays target sits above the latest US closing level of USD 49.50 on October 16, 2026, but the currencies differ from the German euro quotation. Barclays therefore offers a directional benchmark rather than a direct euro valuation. SLB operates in energy technology through Digital and Integration, Reservoir Performance, Well Construction, and Production Systems.

Three dates frame the next move

Chronology: on September 29, 2026, SLB OneSubsea announced a major subsea systems contract for the Rovuma Basin; on October 8, 2026, SLB announced the TotalEnergies digital drilling contract; and on October 15, 2026, Barclays maintained its Buy rating with a USD 66.00 target.

Results arrive October 23

SLB's next substantiated event is its third-quarter 2026 results conference call on October 23, 2026, at 9:30 a.m. EDT, according to the company website. Analysts cited by MarketBeat expect USD 9.27 billion in revenue and adjusted earnings per share of USD 0.62 for the third quarter.

Valuation and business scale

SLB had a market capitalization of USD 73.5 billion as of October 16, 2026, with a USD 32.50 to USD 60.46 52-week range. The company profile identifies SLB as an energy business focused on oil and gas equipment and services, with 109,000 employees.

The further course of trading is shown by the continuously updated real-time quote of SLB stock.