The stock of Schlumberger Limited (NYSE:SLB) decreased by -$0.14 on Friday to finish at $59.51, down -0.23 percent. The last five days have seen an average of 7,530,929 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $5.94. The average number of shares traded over the last 20 days was 8,791,907, while the average volume over the last 50 days totaled 9,896,415.
SLB stock appreciated 4.17% since last month. On 07/21/23, the company’s shares reached a one-month low of $54.70. The stock touched a high of $60.12 on 01/24/23, after rallying from a low of $33.80 in 52 weeks. The price of SLB stock has risen by 11.32% or $5.94 this year, reaching a new high 8 times. Still, the stock price is down -1.01% from the 52-week high.
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Insider Transactions
SLB stock investors should be aware that Schlumberger Limited (SLB) stock had its last reported insider trading activity 5 days ago on Aug 09. On Aug 09, VP & Treasurer Fyfe Kevin sold 7,716 shares at $59.34 each. This transaction resulted in the insider making $457,906. On Aug 03, Beumelburg Katharina sold 5,500 shares at a price of US$57.88. After the transaction, the insider now owns 931 shares. EVP & CFO Biguet Stephane had earlier sold 6,250 shares on Jul 31 for $57.40 a share. The transaction was completed for $358,750.
Valuation Metrics
Schlumberger Limited (SLB) has a trailing price-to-earnings (P/E) ratio of 21.79. Beta for the stock is 1.82. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.68, the price-to-book (PB) ratio of 4.55, and the price-to-cash flow ratio of 25.44.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year.
Financial Health
For the three months ended June 29, Schlumberger Limited’s quick ratio was 1.00, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.61, and the total debt to equity ratio is 0.72. As far as profitability goes, gross margin for the trailing twelve months is 19.40% percent. Schlumberger Limited’s EBITDA margin for the year ended June 29 was 21.82%, whereas its operating margin stood at 16.40% for the same period. Based on annual data, it had gross profit of $4.15 billion and revenue of $28.09 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SLB’s return on assets (ROA) during the last 12 months has been 9.00%. There was a 12.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 22.00%.
Earnings Surprise
According to Schlumberger Limited’s quarterly financial report for the quarter that ended June 29, it had $11.34 billion in total debt versus $1.26 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.1 billion, while revenues rose by 16.37% to $7.74 billion. It was predicted that Schlumberger Limited’s quarterly earnings would be $0.72, but it ended up being $0.71, beating the consensus by 1.40%. EBITDA was $1.9 billion for the quarter. At the end of Schlumberger Limited’s most recent quarter ended June 29, its liabilities totaled 25.89 billion, while its total debt was $13.49 billion. Equity owned by shareholders amounts to $1.42 billion.
Technical Picture
Here’s a quick look at Schlumberger Limited’s (SLB) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 66.76%, suggesting the stock is Neutral, with a 13.49% historical volatility rate.
The stochastic %K and %D were 80.66% and 82.90% respectively, while the average true range (ATR) was 1.32. Based on the 14-day stochastic reading of 82.18%, the RSI (14) reading is 67.53%. On the 9-day MACD Oscillator, the stock is at 0.76, and the 14-day reading is at 1.12.
Analyst Ratings
In its analyst report released on June 07, 2023, CapitalOne began covering Schlumberger Limited (NYSE: SLB). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Schlumberger Limited (SLB) an Buy rating. SLB is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 25 others recommend it as a buy.
What is SLB’s price target for the next 12 months?
The current consensus forecast for the stock is between $56.00 and $73.00, with a median target price of $66.00. In analyzing these forecasts, the average price target given by analysts for Schlumberger Limited (SLB) is $66.26.
