A share price of Schlumberger Ltd. [SLB] is currently trading at $48.90, up 0.37%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SLB shares have gain 7.99% over the last week, with a monthly amount glided 13.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Schlumberger Ltd. [NYSE: SLB] stock has seen the most recent analyst activity on April 29, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $53 from $68. Previously, TD Cowen reaffirmed its Buy rating on April 22, 2024, and dropped its price target to $63. On October 09, 2023, Societe Generale initiated with a Buy rating and assigned a price target of $81 on the stock. CapitalOne started tracking the stock assigning a Overweight rating and suggested a price target of $63 on June 07, 2023. UBS upgraded its rating to a Buy and raised its price target to $66 on April 19, 2023. Susquehanna reiterated a Positive rating for this stock on January 23, 2023, and upped its price target to $68. In a note dated January 19, 2023, The Benchmark Company initiated an Buy rating and provided a target price of $65 on this stock.
Schlumberger Ltd. experienced fluctuations in its stock price throughout the past year between $42.61 and $62.12. Currently, Wall Street analysts expect the stock to reach $57.98 within the next 12 months. Schlumberger Ltd. [NYSE: SLB] shares were valued at $48.90 at the most recent close of the market. An investor can expect a potential return of 18.57% based on the average SLB price forecast.
Analyzing the SLB fundamentals
Trailing Twelve Months sales for Schlumberger Ltd. [NYSE:SLB] were 34.11B which represents 12.62% growth. 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 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.59.
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 48.55 points at the first support level, and at 48.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.25, and for the 2nd resistance point, it is at 49.61.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Schlumberger Ltd. [NYSE:SLB] is 1.37. Also, the Quick Ratio is 1.02, while the Cash Ratio stands at 0.22. Considering the valuation of this stock, the price to sales ratio is 2.05, the price to book ratio is 3.37 and price to earnings (TTM) ratio is 16.28.
Transactions by insiders
Recent insider trading involved Rando Bejar Carmen, Chief People Officer, that happened on Jun 07 ’24 when 4980.0 shares were sold. President New Energy, Rennick Gavin completed a deal on May 22 ’24 to sell 38083.0 shares. Meanwhile, Chief Technology Officer Pafitis Demosthenis sold 63095.0 shares on May 14 ’24.
