Schlumberger Ltd [SLB] stock prices are up 0.09% to $44.33 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SLB shares have gain 9.32% over the last week, with a monthly amount drifted -0.83%, and not 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 October 21, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $65 from $68. Previously, TD Cowen reaffirmed its Buy rating on July 22, 2024, and elevated its price target to $64. On April 29, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $53 on the stock. TD Cowen reiterated its Buy rating and decreased its price target to $63 on April 22, 2024. Societe Generale initiated its recommendation with a Buy and recommended $81 as its price target on October 09, 2023. CapitalOne started tracking with a Overweight rating for this stock on June 07, 2023, and assigned it a price target of $63. In a note dated April 19, 2023, UBS upgraded an Buy rating on this stock and boosted its target price from $48 to $66.
The stock price of Schlumberger Ltd [SLB] has been fluctuating between $38.66 and $55.69 over the past year. Currently, Wall Street analysts expect the stock to reach $58.58 within the next 12 months. Schlumberger Ltd [NYSE: SLB] shares were valued at $44.33 at the most recent close of the market. An investor can expect a potential return of 32.15% based on the average SLB price forecast.
Analyzing the SLB fundamentals
The Schlumberger Ltd [NYSE:SLB] reported sales of 36.01B for trailing twelve months, representing a surge of 10.25%. 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 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.21 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
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 44.03 points at the first support level, and at 43.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.80, and for the 2nd resistance point, it is at 45.27.
Ratios To Look Out For
It’s worth pointing out that Schlumberger Ltd [NYSE:SLB]’s Current Ratio is 1.48. On the other hand, the Quick Ratio is 1.12, and the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 2.91 and price to earnings (TTM) ratio is 14.27.
Transactions by insiders
Recent insider trading involved Merad Abdellah, EVP, Core Services & Equipment, that happened on Oct 24 ’24 when 60000.0 shares were sold. Officer, Merad Abdellah completed a deal on Oct 24 ’24 to buy 60000.0 shares. Meanwhile, EVP & CFO Biguet Stephane sold 50048.0 shares on Jul 22 ’24.
