At the time of writing, Schlumberger Ltd. [SLB] stock is trading at $54.27, down -1.08%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SLB shares have lost -1.15% over the last week, with a monthly amount glided 9.28%, and seem to be holding up well over a long-time horizon.
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On 2, April 2024, SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction. In a post published today on Yahoo Finance, Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies.
From an analyst’s perspective:
Schlumberger Ltd. [NYSE: SLB] stock has seen the most recent analyst activity on October 09, 2023, when Societe Generale initiated its Buy rating and assigned the stock a price target of $81. Previously, CapitalOne started tracking the stock with Overweight rating on June 07, 2023, and set its price target to $63. On April 19, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $66 on the stock. Susquehanna reiterated its Positive rating and increased its price target to $68 on January 23, 2023. The Benchmark Company initiated its recommendation with a Buy and recommended $65 as its price target on January 19, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on January 12, 2023. In a note dated December 09, 2022, Raymond James initiated an Outperform rating and provided a target price of $65 on this stock.
For the past year, the stock price of Schlumberger Ltd. fluctuated between $42.73 and $62.12. Currently, Wall Street analysts expect the stock to reach $52.93 within the next 12 months. Schlumberger Ltd. [NYSE: SLB] shares were valued at $54.27 at the most recent close of the market. An investor can expect a potential drop of -2.47% based on the average SLB price forecast.
Analyzing the SLB fundamentals
According to Schlumberger Ltd. [NYSE:SLB], the company’s sales were 33.13B for trailing twelve months, which represents an 14.06% jump. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.22 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.82 points at the first support level, and at 53.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.86, and for the 2nd resistance point, it is at 55.45.
Schlumberger Ltd. [SLB] reported earnings per share of $0.8 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.78/share, meaning a difference of $0.02 and a surprise factor of 2.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.71 per share as compared to estimates of $0.7 per share, a difference of $0.01 representing a surprise of 1.40%.
Ratios To Look Out For
It is important to note that Schlumberger Ltd. [NYSE:SLB] has a current ratio of 1.32. Further, the Quick Ratio stands at 1.00, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 2.35, the price to book ratio is 3.84 and price to earnings (TTM) ratio is 18.64.
Transactions by insiders
Recent insider trading involved Merad Abdellah, EVP, Core Services & Equipment, that happened on Feb 26 ’24 when 50000.0 shares were sold. EVP & CFO, Biguet Stephane completed a deal on Feb 26 ’24 to sell 6250.0 shares. Meanwhile, President New Energy Rennick Gavin sold 20045.0 shares on Feb 01 ’24.
