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theglobeandmail.comAUG 202 min read$SLB

SLB (SLB) Receives a Rating Update from a Top Analyst

RBC Capital analyst Keith Mackey maintained a Buy rating on SLB with a $61.00 price target. SLB shares closed at $53.86. Mackey is a top 100 analyst with a 26.3% average return. SLB has a Strong Buy consensus and a $63.47 average price target, suggesting 17.84% upside. UBS also maintained a Buy rating with a $66.00 target. SLB reported Q2 revenue of $8.97B and net profit of $786M, up from $8.55B and $1.01B last year.

Original reporting
theglobeandmail.com
Published Aug 20, 2026, 1:56 AM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Aug 20, 2026, 10:24 AM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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SLB (SLB) Receives a Rating Update from a Top Analyst — source image
Source · theglobeandmail.com
Decision brief

The 30-second read

$SLBNeutralMed
01

Why it matters

Earnings release provides fresh data for valuation models and price target adjustments.

02

Market read

SLB's earnings and analyst updates offer actionable insight for energy sector investors.

03

What to watch

Potential impact of oil price volatility on future earnings not discussed.

Relevance 8/10Novelty 8/10Timing: post-earnings release

Background

SLB (Schlumberger) is a leading oilfield services company; recent earnings reflect sector dynamics.

Company-level read

Ticker impact

$SLBNeutralHigh confidence
Context

RBC Capital maintained a Buy rating with a $61 target and reported SLB's Q2 revenue of $8.97B and net profit of $786M.

Expected impact

Potential modest upside toward $61 target if market digests revenue beat.

Evidence & confidence

Large-cap energy services firm with fresh earnings data and analyst price target provides actionable insight.

Market effects

Sector

Energy services sector may see modest revaluation based on SLB's performance.

Regional

North American energy markets could react to SLB's earnings.

Global

Limited to investors tracking major energy service providers.

Counterpoint

What could challenge this read

Profit decline may signal underlying cost pressures despite revenue growth.

Key entities

  • Analyst
    RBC Capital

    Maintained Buy rating with $61 price target.

  • Analyst
    UBS

    Maintained Buy rating with $66 price target.

Read at source← All news

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