As of Wednesday close, Schlumberger Limited’s (NYSE:SLB) stock was down -$0.56, moving down -0.96 percent to $57.77. The average number of shares traded per day over the past five days has been 6,791,920 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.74 fall in that time frame. In the last twenty days, the average volume was 8,370,400, while in the previous 50 days, it was 9,847,340.
Since last month, SLB stock rose 1.39%. Shares of the company fell to $54.70 on 07/21/23, the lowest level in the past month. A 52-week high of $60.12 was reached on 01/24/23 after having rallying from a 52-week low of $33.80. Since the beginning of this year, SLB’s stock price has risen by 8.06% or $4.31, and marked a new high 8 times. However, the stock has declined by -3.91% since its 52-week high.
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SLB stock investors should be aware that Schlumberger Limited (SLB) stock had its last reported insider trading activity 8 days ago on Aug 09. Fyfe Kevin, the VP & Treasurer of the company, disposed of 7,716 shares for $59.34 on Aug 09. It resulted in a $457,906 divestment by the insider. Beumelburg Katharina sold 5,500 shares at an average price of $57.88 on Aug 03. The insider now owns 931 shares following the transaction. On Jul 31, EVP & CFO Biguet Stephane sold 6,250 shares at $57.40 apiece. The transaction was valued at $358,750.
Valuation Metrics
Right now, Schlumberger Limited (SLB) has a P/E ratio of about 21.15. The stock’s beta is 1.82. Besides these, the trailing price-to-sales (P/S) ratio of 2.60, the price-to-book (PB) ratio of 4.42, and the price-to-cash flow ratio of 24.69 may also be considered.
The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25.
Financial Health
In the three months ended June 29, Schlumberger Limited’s quick ratio stood at 1.00, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.61, and the total debt-to-equity ratio was 0.72. On the profitability front, the trailing twelve-month gross margin is 19.40% percent. In the year ended June 29, EBITDA margin amounted to 21.82%, whereas operating margins totaled 16.40%. Based on annual data, SLB earned $4.15 billion in gross profit and brought in $28.09 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 12.40%. Return on equity (ROE) for the past 12 months was 22.00%.
In Schlumberger Limited’s quarter-end financial report for June 29, it reported total debt of $11.34 billion against cash and short-term investments of $1.26 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SLB’s revenue rose 16.37% to $7.74 billion during the quarter, while net income inched up to $8.1 billion. While analysts expected Schlumberger Limited to report $0.71 quarterly earnings, the actual figure was $0.72 per share, beating the consensus estimate by 1.40%. During the quarter, the company generated $1.9 billion in EBITDA. The liabilities of Schlumberger Limited were 25.89 billion at the end of its most recent quarter ended June 29, and its total debt was $13.49 billion. The value of shareholders’ equity is $1.42 billion.
Technical Picture
This quick technical analysis looks at Schlumberger Limited’s (SLB) price momentum. With a historical volatility rate of 18.20%, the RSI 9-day stood at 48.75% on 16 August.
With respect to its five-day moving average, the current Schlumberger Limited price is down by -2.92% percent or -$1.74. At present, SLB shares trade +0.71% above its 20-day simple moving average and +27.02% percent above its 100-day simple moving average. However, the stock is currently trading approximately +24.99% above its SMA50 and +11.78% above its SMA200.
Stochastic coefficient K was 60.89% and Stochastic coefficient D was 72.98%, while ATR was 1.36. Given the Stochastic reading of 41.83% for the 14-day period, the RSI (14) reading has been calculated as 55.83%. As of today, the MACD Oscillator reading stands at -0.11, while the 14-day reading stands at 0.23.
Analyst Ratings
CapitalOne launched its rating on Schlumberger Limited (NYSE: SLB) to an Overweight in a note to investors on June 07, 2023. Schlumberger Limited (SLB) has been rated Buy by analysts. According to 0 brokerage firms, SLB is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Schlumberger Limited stock as buy, with 25 recommending it as overweight.
With a median target price of $66.00, the current consensus forecast for the stock is $56.00 – $73.00. Based on these forecasts, analysts predict Schlumberger Limited (SLB) will achieve an average price target of $66.26.
