The stock of Schlumberger Limited (NYSE:SLB) increased by $1.37 on Monday to finish at $57.83, up 2.43 percent. The last five days have seen an average of 7,889,060 shares of common stock traded. 8 times new highs were reached in the current year, with a gain of $4.37. The average number of shares traded over the last 20 days was 7,352,640, while the average volume over the last 50 days totaled 9,722,674.
SLB stock appreciated 1.19% since last month. On 08/23/23, the company’s shares reached a one-month low of $55.52. 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 8.17% or $4.37 this year, reaching a new high 8 times. Still, the stock price is down -3.81% 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 1 day ago on Aug 28. On Aug 28, EVP & CFO Biguet Stephane sold 6,250 shares at $56.85 each. This transaction resulted in the insider making $355,312. On Aug 09, Fyfe Kevin sold 7,716 shares at a price of US$59.34. After the transaction, the insider now owns 28,316 shares. Chief Sustainability Officer Beumelburg Katharina had earlier sold 5,500 shares on Aug 03 for $57.88 a share. The transaction was completed for $318,340.
Valuation Metrics
Schlumberger Limited (SLB) has a trailing price-to-earnings (P/E) ratio of 21.18. 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 2.65, the price-to-book (PB) ratio of 4.42, and the price-to-cash flow ratio of 25.17.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year.
Financial Health
For the recent quarter, 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 recent quarter 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 recent year 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
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. EBITDA was $1.9 billion for the quarter. At the end of Schlumberger Limited’s most recent quarter, 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 28 August, the RSI 9-day stood at 52.50%, suggesting the stock is Neutral, with a 24.66% historical volatility rate.
The stochastic %K and %D were 32.75% and 31.68% respectively, while the average true range (ATR) was 1.44. Based on the 14-day stochastic reading of 50.22%, the RSI (14) reading is 54.29%. On the 9-day MACD Oscillator, the stock is at -0.36, and the 14-day reading is at -1.00.
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.
