SLB stock slips after RESMAN deal closes as Wall Street turns to earnings
SLB shares fell 0.5% to $46.72 after the company closed its acquisition of reservoir-monitoring firm RESMAN Energy Technology. About 10.6 million shares traded as the stock moved between $46.11 and $46.89. RBC raised its price target for SLB to $51, but warned that high expectations may be hard to meet. SLB reports Q4 and full-year earnings on Jan. 23.