Schlumberger Limited (NYSE:SLB) finished Thursday with an addition of $0.31 to close at $52.91, an upside of 0.59 percent. An average of 6,850,540 shares of common stock have been traded in the last five days. There was a fall of -$0.40 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 10,326,775 shares traded, while the 50-day average volume stands at 13,472,518.
SLB stock has increased by 3.64% in the last month. The company shares reached their 1-month lowest point of $46.83 on 12/09/22. With the stock rallying to its 52-week high on 11/14/22, shares of the company touched a low of $29.49 and a high of $56.04 in 52 weeks. It has reached a new high 31 times so far this year and achieved 76.66% or $22.96 in price. In spite of this, the price is down -5.59% from the 52-week high.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
SLB stock investors should be aware that Schlumberger Limited (SLB) stock had its last reported insider trading activity 7 days ago on Dec 23. In this transaction, the insider spent $551,071. Director, M&A, Kasibhatla Vijay, disposed of 14,000 shares at a price of $54.15 on Nov 16. The insider now owns more than $758,100 worth of shares. Prior to that, EVP, Geographies Al Mogharbel Khaled went on to Sale 57,467 shares at $54.85 each on Nov 14. An amount of $3,152,122 was transacted.
Schlumberger Limited (SLB) has a trailing price-to-earnings (P/E) ratio of 25.55. The stock’s beta is 1.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.75, the price-to-book (PB) ratio at 4.36, and the price-to-cash flow ratio at 41.11.
The company has a payout ratio of 28.50%. The company’s most recent quarterly dividend payment was $0.1750 a share, without any change from last year. Its latest increase dividend $0.05 reported on Monday April 25 2022.
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 0.72 and a total debt to equity ratio of 0.78 for the quarter ending June 29. Its gross profit as reported stood at $2.77 billion compared to revenue of $22.93 billion.
For the three-month period that ended June 29, Schlumberger Limited had $1.43 billion in cash and short-term investments compared to $12.45 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $907.0 million in the quarter, while revenues were grew 39.36%. The analyst consensus anticipated Schlumberger Limited’s latest quarter earnings to come in at $0.4 per share, but it turned out to be $0.5, a 25.00% surprise. For the quarter, EBITDA amounted to $1.71 billion. Shareholders own equity worth $1.42 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 29 December was 57.13%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.03%.
As of today, SLB’s price is $52.68 -0.75% or -$0.40 from its 5-day moving average. SLB is currently trading +2.64% higher than its 20-day SMA and +52.70% higher than its 100-day SMA. However, the stock’s current price level is +22.02% above the SMA50 and +34.77% above the SMA200.
The stochastic %K and %D were 87.69% and 89.77%, respectively, and the average true range (ATR) was 1.82. With the 14-day stochastic at 86.36% and the average true range at 1.88, the RSI (14) stands at 55.67%. The stock has reached 1.04 on the 9-day MACD Oscillator while the 14-day reading was at 1.91.
Raymond James launched coverage on Schlumberger Limited (NYSE: SLB) in its analyst report released on December 09, 2022. The firm assigned the stock an Outperform rating. 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 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 25 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 $47.00 and $69.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for Schlumberger Limited (SLB) stock is $59.84.