Schlumberger Ltd. [SLB] stock is trading at $45.46, up 1.27%. An important factor to consider is whether the stock is rising or falling in short-term value. The SLB shares have gain 7.50% over the last week, with a monthly amount glided 10.29%, 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 July 22, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $64 from $62. Previously, Wells Fargo downgraded its rating to Equal Weight on April 29, 2024, and dropped its price target to $53. On April 22, 2024, TD Cowen reiterated its Buy rating and revised its price target to $63 on the stock. Societe Generale started tracking the stock assigning a Buy rating and suggested a price target of $81 on October 09, 2023. CapitalOne initiated its recommendation with a Overweight and recommended $63 as its price target on June 07, 2023. UBS upgraded its rating to Buy for this stock on April 19, 2023, and upped its price target to $66. In a note dated January 23, 2023, Susquehanna reiterated an Positive rating on this stock and boosted its target price from $65 to $68.
Schlumberger Ltd. [SLB] stock has fluctuated between $38.66 and $61.20 over the past year. Currently, Wall Street analysts expect the stock to reach $59.14 within the next 12 months. Schlumberger Ltd. [NYSE: SLB] shares were valued at $45.46 at the most recent close of the market. An investor can expect a potential return of 30.09% based on the average SLB price forecast.
Analyzing the SLB fundamentals
Schlumberger Ltd. [NYSE:SLB] reported sales of 35.16B for the trailing twelve months, which represents a growth of 13.00%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.63.
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 45.00 points at the first support level, and at 44.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.81, and for the 2nd resistance point, it is at 46.17.
Ratios To Look Out For
For context, Schlumberger Ltd.’s Current Ratio is 1.49. On the other hand, the Quick Ratio is 1.13, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.84, the price to book ratio is 3.06 and price to earnings (TTM) ratio is 14.87.
Transactions by insiders
Recent insider trading involved Biguet Stephane, EVP & CFO, that happened on Jul 22 ’24 when 50048.0 shares were sold. EVP, Geographies, Al Mogharbel Khaled completed a deal on Jul 22 ’24 to sell 0.12 million shares. Meanwhile, Director, M&A Kasibhatla Vijay sold 10000.0 shares on Jul 22 ’24.
