SLB NV (NYSE:SLB) stock is enjoying a post-earnings lift, last spotted up 9.4% at $50.85. The global tech firm reported second-quarter earnings of 55 cents per shares on $8.97 billion in revenue, reflecting a 26% year-over-year decline and a 5% increase in revenue.
The stock is extending its rebound from the $45 level and now sports a 35% year-to-date gain. However, the overhead 80-day moving average is keeping a lid on gains, though the equity remains notably above its March lows and 2025 levels. Analysts remain extremely bullish on SLB, with 23 of the 25 firms in coverage carrying a "buy" or better rating.
SLB sports a 10-day call/put volume ratio of 10.01 on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio stands higher than 93% of all other readings from the past year, hinting at a much healthier-than-usual appetite for bearish bets over bullish of late.Echoing this is SLB's Schaeffer's put/call open interest ratio (SOIR) of 0.50, which sits in the 25th percentile of its annual range.
