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Analyzing Schlumberger’s Stock Price Returns


Dec. 4 2020, Updated 10:52 a.m. ET

Schlumberger’s stock price returns 

From November 2013 to November 2016, Schlumberger’s (SLB) stock price was at its highest in January 2014. It came close to that price in June 2014. Since then, Schlumberger’s stock price fell nearly 24%. However, Schlumberger increased 25% year-to-date.

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OFS stocks versus the market

Between November 2013 and November 2016, Baker Hughes’s (BHI) stock price was at its highest level in early July 2014. Since then, it has fallen 12%. Read GE to Partner with BHI? The Changing Oilfield Services Landscape to learn more about Baker Hughes. From November 2013 to November 2016, the VanEck Vectors Oil Services ETF (OIH) was at its highest level in late June 2014. Since then, OIH has dropped 40%. OIH is an ETF tracking index of 25 OFS (oilfield equipment and services) companies.

The SPDR S&P 500 ETF (SPY) increased significantly from November 2013 to November 2016. During this period, SPY rose 29%. In the past three years, the Energy Select Sector SPDR ETF (XLE) was at its highest level in June 2014. Since then, XLE fell 22%. The energy equipment and services industry makes up 17% of XLE.

Why OFS stock prices moved

In the past three years, both Schlumberger and its smaller market cap peer Baker Hughes outperformed the industry ETF. Many of the OFS stocks reached a high in mid-2014 and then fell. It followed the movement in crude oil prices. Crude oil prices hit the highest level in June 2014 before they pulled back.

In 2016, as crude oil prices made a recovery, so did most of the OFS stocks. Schlumberger also recovered. Previously in this series, we discussed the factors that impacted Schlumberger’s financial performance. Read Baker Hughes Makes Another Deal: An OFS Newco Explained to learn about Baker Hughes’s latest deal.

In the next part, we’ll discuss Wall Street analysts’ recommendations for Schlumberger.


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