Schlumberger Limited (NYSE:SLB) finished Wednesday with a subtraction of -$0.12 to close at $32.76, a downside of -0.36 percent. An average of 15,121,380 shares of common stock have been traded in the last five days. There was a gain of $2.82 in the past week. The last 20 days have seen an average of 13,319,420 shares traded, while the 50-day average volume stands at 10,913,706.
SLB stock has increased by 18.40% in the last month. The company shares reached their 1-month lowest point of $26.64 on 09/21/21. With the stock rallying to its 52-week high on 06/04/21, shares of the company touched a low of $13.70 and a high of $36.87 in 52 weeks. In spite of this, the price is down -11.15% from the 52-week high.
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161 days have passed since Schlumberger Limited (SLB) last reported insider trading activity. Gharbi Hinda, who is EVP, Services & Equipment, most recently acquired $30,000 shares at $30.10 per share on May 06. In this transaction, the insider spent $902,910. EVP, Geographies, Al Mogharbel Khaled, disposed of 44,632 shares at a price of $30.32 on May 05. The insider now owns more than $1,353,242 worth of shares. Prior to that, EVP, Performance Management Merad Abdellah went on to Sale 40,000 shares at $29.44 each on Mar 09. An amount of $1,177,560 was transacted.
Schlumberger Limited (SLB) has a trailing price-to-earnings (P/E) ratio of 45.25, which compares with the 18.90 for the broader industry and 19.70 for the sector. In the last five years, Schlumberger Limited’s PE ratio has ranged between 536.62 and 20.85. The stock’s beta is 2.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.07, the price-to-book (PB) ratio at 3.59, and the price-to-cash flow ratio at 31.39.
Schlumberger Limited pays a $0.50 dividend per share annually. It offers a dividend yield of 1.53%. The company has a payout ratio of 68.30%. The company’s most recent quarterly dividend payment took place on Oct. 7, and it was $0.1250 a share, without any change from last year. Its dividend has been increased for the last 1 consecutive years with the latest decrease dividend $0.3750 reported on Monday April 20 2020. Dividends have grown by -56.25% each year over the last three years.
Schlumberger Limited will next go ex-dividend on NV’s. The next dividend payment Schlumberger Limited will make is expected to be $3-Dec.
The quick ratio of Schlumberger Limited for the three months ended June 29 was 1.00, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.23 and a total debt to equity ratio of 1.23 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 13.50% against a 5-year average of 14.2%. Schlumberger Limited’s EBITDA margin for the year ending June 29 is 13.42%, while its operating margin for the same period stands at 8.20%. Its gross profit as reported stood at $1.76 billion compared to revenue of $23.6 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Schlumberger Limited’s return on assets was 2.40%, compared to -2.8% over the last five years. In the past year, the return on investment has been -34.80%, and the 5-year average is -3.3%. Meanwhile, the return on equity (ROE) for the past 12 months has been 8.30% and the 5-year average holds at -6.1%. For the broader industry, ROE averaged 12.45 over the past year.
For the three-month period that ended June 29, Schlumberger Limited had $1.24 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.63 billion in the quarter, while revenues of $5.22 billion were grew 4.93%. The analyst consensus anticipated Schlumberger Limited’s latest quarter earnings to come in at $0.22 per share, but it turned out to be $0.26, a 18.20% surprise. For the quarter, EBITDA amounted to $1.19 billion. Shareholders own equity worth $1.4 billion.
From a technical analysis perspective, let’s take a brief look at Schlumberger Limited (SLB) price momentum. RSI 9-day as of the close on 13 October was 71.45%, suggesting the stock is Overbought, with historical volatility in this time frame at 26.35%.
As of today, SLB’s price is $32.16 +9.42% or $2.82 from its 5-day moving average. SLB is currently trading +12.04% higher than its 20-day SMA and +2.54% higher than its 100-day SMA. However, the stock’s current price level is +13.36% above the SMA50 and +51.88% above the SMA200.
The stochastic %K and %D were 87.88% and 89.37%, respectively, and the average true range (ATR) was 1.20. With the 14-day stochastic at 85.69% and the average true range at 1.18, the RSI (14) stands at 66.92%. The stock has reached 1.31 on the 9-day MACD Oscillator while the 14-day reading was at 1.80.
JP Morgan upgraded Schlumberger Limited (NYSE: SLB) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Schlumberger Limited (SLB) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SLB, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 21 others rate it as a “buy”.
What is SLB’s price target for the next 12 months?
Analysts predict a range of price targets between $25.00 and $46.00, with a median target of $37.00. Taking a look at these predictions, the average price target given by analysts for Schlumberger Limited (SLB) stock is $36.38.