Schlumberger Limited (NYSE:SLB) finished Wednesday with an addition of $1.48 to close at $57.89, an upside of 2.62 percent. An average of 7,723,480 shares of common stock have been traded in the last five days. There was a gain of $0.12 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 7,501,320 shares traded, while the 50-day average volume stands at 9,765,588.
SLB stock has increased by 0.02% in the last month. The company shares reached their 1-month lowest point of $55.52 on 08/23/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $33.80 and a high of $60.12 in 52 weeks. It has reached a new high 8 times so far this year and achieved 8.29% or $4.43 in price. In spite of this, the price is down -3.71% from the 52-week high.
Insider Transactions
SLB stock investors should be aware that Schlumberger Limited (SLB) stock had its last reported insider trading activity 15 days ago on Aug 09. In this transaction, the insider spent $457,906. Chief Sustainability Officer, Beumelburg Katharina, disposed of 5,500 shares at a price of $57.88 on Aug 03. The insider now owns more than $318,340 worth of shares. Prior to that, EVP & CFO Biguet Stephane went on to Sale 6,250 shares at $57.40 each on Jul 31. An amount of $358,750 was transacted.
Valuation Metrics
Schlumberger Limited (SLB) has a trailing price-to-earnings (P/E) ratio of 21.20. The stock’s beta is 1.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.63, the price-to-book (PB) ratio at 4.43, and the price-to-cash flow ratio at 24.99.
Financial Health
The quick ratio of Schlumberger Limited for the three months ended June 29 was 1.00, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.61 and a total debt to equity ratio of 0.72 for the quarter ending June 29. Schlumberger Limited’s EBITDA margin for the year ending June 29 is 21.82%, while its operating margin for the same period stands at 16.40%. Its gross profit as reported stood at $4.15 billion compared to revenue of $28.09 billion.
Earnings Surprise
For the three-month period that ended June 29, Schlumberger Limited had $11.34 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 $1.03 billion in the quarter, while revenues were grew 7.16%. The analyst consensus anticipated Schlumberger Limited’s latest quarter earnings to come in at $0.71 per share, but it turned out to be $0.72, a 1.40% surprise. For the quarter, EBITDA amounted to $1.9 billion. Shareholders own equity worth $1.42 billion.
Technical Picture
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 23 August was 51.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.99%.
As of today, SLB’s price is $57.53 +0.21% or $0.12 from its 5-day moving average. SLB is currently trading +0.38% higher than its 20-day SMA and +18.77% higher than its 100-day SMA. However, the stock’s current price level is +23.12% above the SMA50 and +11.76% above the SMA200.
The stochastic %K and %D were 31.12% and 34.46%, respectively, and the average true range (ATR) was 1.50. With the 14-day stochastic at 51.52% and the average true range at 1.46, the RSI (14) stands at 55.03%. The stock has reached -0.86 on the 9-day MACD Oscillator while the 14-day reading was at -1.00.
Analyst Ratings
CapitalOne launched coverage on Schlumberger Limited (NYSE: SLB) in its analyst report released on June 07, 2023. The firm assigned the stock an Overweight 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 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 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 $56.00 and $73.00, with a median target of $66.00. Taking a look at these predictions, the average price target given by analysts for Schlumberger Limited (SLB) stock is $66.30.
