Schlumberger Limited (NYSE:SLB) saw an upside of 0.93% to close Tuesday at $58.51 after adding $0.54 on the day. The 5-day average trading volume is 7,090,080 shares of the company’s common stock. It has gained $58.61 in the past week and touched a new high 4 times within the past 5 days. An average of 10,201,965 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,267,192.
SLB’s 1-month performance is 9.12% or $5.16 on its low of $52.65 reached on 07/10/23. The company’s shares have touched a 52-week low of $33.80 and high of $59.45, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, SLB has achieved 9.45% or $5.05 and has reached a new high 8 times. However, the current price is down -1.58% from the 52-week high price.
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Insider Transactions
SLB stock investors last saw insider trading activity on Aug 03.Beumelburg Katharina (Chief Sustainability Officer) most recently sold 5,500 shares at $57.88 per share on Aug 03. This transaction cost the insider $318,340. EVP & CFO, Biguet Stephane, sold 6,250 shares at a price of $57.40 on Jul 31. Then, on Jul 27, Chief Accounting Officer Guild Howard sold 17,500 shares at a price of $57.97 per share. This transaction amounted to $1,014,475.
Valuation Metrics
SLB stock has a beta of 1.83. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.68 while the price-to-book (PB) in the most recent quarter is 4.47, with the price to cash flow ratio at 38.30.
Schlumberger Limited’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.61, while the total debt to equity was 0.72.. In terms of profitability, the gross margin trailing 12 months is 19.40%. The trailing 12-month EBITDA margin is 21.82% while for the period ending June 29, Schlumberger Limited’s operating margin was 16.40%. The firm’s gross profit as reported stood at $4.15 billion against revenue of $28.09 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Schlumberger Limited’s cash and short-term investments amounted to $1.26 billion against total debt of $13.49 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 7.16% to $1.03 billion, while revenue of $934.0 million was 9.58% off the previous quarter. Analysts expected SLB to announce $0.71 per share in earnings in its latest quarter, but it posted $0.72, representing a 1.40% surprise. EBITDA for the quarter stood at more than $1.9 billion. SLB stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 25.89 billion, with total debt at $13.49 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 08 August was 67.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.99%.
The stock’s 5-day moving average is $57.92, reflecting a +1.56% or $0.90 change from its current price. SLB is currently trading +4.39% above its 20-day SMA, +29.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +29.56% and SMA200 by+28.68%.
Stochastic %K and %D was 83.85% and 79.52% and the average true range (ATR) pointed at 1.38. The RSI (14) points at 68.03%, while the 14-day stochastic is at 95.37% with the period’s ATR at 1.39. The stock’s 9-day MACD Oscillator is pointing at 0.30 and 0.51 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Schlumberger Limited (NYSE: SLB), CapitalOne launched coverage with an Overweight rating. 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 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 25 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 $56.00 and a high of $73.00, with their median price target at $65.50. Looking at these predictions, the average price target given by analysts is for Schlumberger Limited (SLB) stock is $66.00.
