Looking To Buy Schlumberger Limited (SLB)? Read This First

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Schlumberger Limited (NYSE:SLB) saw a downside of -2.60% to close Monday at $55.86 after subtracting -$1.49 on the day. The 5-day average trading volume is 13,875,601 shares of the company’s common stock. It has gained $59.45 in the past week and touched a new high 2 times within the past 5 days. An average of 9,542,755 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,107,166.

SLB’s 1-month performance is 7.92% or $2.87 on its low of $50.19 reached on 01/04/23. The company’s shares have touched a 52-week low of $30.65 and high of $59.45, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, SLB has achieved 4.49% or $2.40 and has reached a new high 7 times. However, the current price is down -6.04% from the 52-week high price.

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Insider Transactions

SLB stock investors last saw insider trading activity on Dec 23.Ralston Dianne B. (Chief Legal Officer & Sec) most recently sold 10,493 shares at $52.52 per share on Dec 23. This transaction cost the insider $551,071. Director, M&A, Kasibhatla Vijay, sold 14,000 shares at a price of $54.15 on Nov 16. Then, on Nov 14, EVP, Geographies Al Mogharbel Khaled sold 57,467 shares at a price of $54.85 per share. This transaction amounted to $3,152,122.

Valuation Metrics

SLB stock has a beta of 1.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.00 while the price-to-book (PB) in the most recent quarter is 4.61, with the price to cash flow ratio at 54.47.

Schlumberger Limited’s quick ratio for the period ended December 30 was 1.00, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending December 30 was 0.72, while the total debt to equity was 0.78. In terms of profitability, the gross margin trailing 12 months is 17.70%. The firm’s gross profit as reported stood at $2.77 billion against revenue of $22.93 billion.

Earnings Surprise

For the quarterly period ending December 30 this year, Schlumberger Limited’s cash and short-term investments amounted to $1.43 billion against total debt of $12.23 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 39.36% to $907.0 million, while revenue of $959.0 million was -5.73% off the previous quarter. Analysts expected SLB to announce $0.68 per share in earnings in its latest quarter, but it posted $0.71, representing a 4.40% surprise. EBITDA for the quarter stood at more than $1.71 billion. SLB stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 26.58 billion, with total debt at $12.23 billion. Shareholders hold equity totaling $1.42 billion.

Let’s look briefly at Schlumberger Limited (SLB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 52.10% to suggest the stock is trending Neutral, with historical volatility in this time period at 24.88%.

The stock’s 5-day moving average is $57.24, reflecting a -4.15% or -$2.42 change from its current price. SLB is currently trading +4.78% above its 20-day SMA, +38.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.14% and SMA200 by+38.06%.

Stochastic %K and %D was 72.07% and 77.04% and the average true range (ATR) pointed at 1.91. The RSI (14) points at 55.64%, while the 14-day stochastic is at 61.23% with the period’s ATR at 1.89. The stock’s 9-day MACD Oscillator is pointing at -0.33 and 1.10 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Schlumberger Limited (NYSE: SLB), Susquehanna reiterated its a Positive rating for the company but lifted their price target by $65 to $68. Analysts offering their rating for SLB stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SLB as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 24 have offered a “buy” rating.

What is SLB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $47.00 and a high of $72.00, with their median price target at $65.00. Looking at these predictions, the average price target given by analysts is for Schlumberger Limited (SLB) stock is $63.07.

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