Does Wall Street Rate Schlumberger Limited (SLB) Shares A Sell?

As of Thursday close, Schlumberger Limited’s (NYSE:SLB) stock was up $0.66, moving up 1.72 percent to $39.03. The average number of shares traded per day over the past five days has been 12,661,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.05 fall in that time frame. In the last twenty days, the average volume was 13,551,600, while in the previous 50 days, it was 15,809,580.

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Since last month, SLB stock retreated -6.02%. Shares of the company fell to $36.95 on 04/25/22, the lowest level in the past month. A 52-week high of $46.27 was reached on 03/08/22 after having rallying from a 52-week low of $25.90. Since the beginning of this year, SLB’s stock price has risen by 30.32% or $9.08, and marked a new high 17 times. However, the stock has declined by -15.65% since its 52-week high.

Schlumberger Limited (SLB) last reported insider trading activity 7 days ago on May 06. Kasibhatla Vijay, the Director, M&A of the company, disposed of 20,000 shares for $43.32 on May 06. It resulted in a $866,460 divestment by the insider. SCHLUMBERGER LIMITED/NV sold 14,500,000 shares at an average price of $15.50 on May 03. The insider now owns 35,101,961 shares following the transaction. On Mar 30, VP, Treasurer Jaramillo Claudia sold 11,628 shares at $43.00 apiece. The transaction was valued at $500,004.

Valuation Metrics

Right now, Schlumberger Limited (SLB) has a P/E ratio of about 26.70. The stock’s beta is 1.92. Besides these, the trailing price-to-sales (P/S) ratio of 2.28, the price-to-book (PB) ratio of 3.59, and the price-to-cash flow ratio of 22.61 may also be considered.

The latest dividend of $0.1750 per share was paid out, which is 40.0% more than last year’s $0.1250. On Monday April 25 2022, a $0.05 dividend increase was announced.

Financial Health

In the three months ended September 29, Schlumberger Limited’s quick ratio stood at 0.90, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.86, and the total debt-to-equity ratio was 0.92. On the profitability front, the trailing twelve-month gross margin is 16.40% percent. In the year ended September 29, operating margins totaled 12.60%. Based on annual data, SLB earned $2.77 billion in gross profit and brought in $22.93 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.90%. Return on equity (ROE) for the past 12 months was 14.80%.

In Schlumberger Limited’s quarter-end financial report for September 29, it reported total debt of $13.16 billion against cash and short-term investments of $1.05 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SLB’s revenue rose 12.4% to $6.22 billion during the quarter, while net income inched up to $5.96 billion. While analysts expected Schlumberger Limited to report $0.31 quarterly earnings, the actual figure was $0.32 per share, beating the consensus estimate by 3.20%. During the quarter, the company generated $1.24 billion in EBITDA. The liabilities of Schlumberger Limited were 26.33 billion at the end of its most recent quarter ended September 29, and its total debt was $15.01 billion. The value of shareholders’ equity is $1.41 billion.

Technical Picture

This quick technical analysis looks at Schlumberger Limited’s (SLB) price momentum. With a historical volatility rate of 75.78%, the RSI 9-day stood at 43.87% on 12 May.

With respect to its five-day moving average, the current Schlumberger Limited price is down by -7.25% percent or -$3.05. At present, SLB shares trade -8.32% below its 20-day simple moving average and +34.73% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.54% below its SMA50 and +33.12% above its SMA200.

Stochastic coefficient K was 22.26% and Stochastic coefficient D was 25.37%, while ATR was 2.30. Given the Stochastic reading of 31.28% for the 14-day period, the RSI (14) reading has been calculated as 45.01%. As of today, the MACD Oscillator reading stands at -1.60, while the 14-day reading stands at -1.40.

With a median target price of $50.00, the current consensus forecast for the stock is $44.00 – $55.00. Based on these forecasts, analysts predict Schlumberger Limited (SLB) will achieve an average price target of $50.03.


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