Schlumberger Ltd [SLB] stock prices are up 3.18% to $39.85 at the moment. 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 3.27% over the last week, with a monthly amount drifted -2.50%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Schlumberger Ltd [NYSE: SLB] stock has seen the most recent analyst activity on December 20, 2024, when Griffin Securities downgraded its rating to a Neutral. Previously, Piper Sandler started tracking the stock with Neutral rating on December 19, 2024, and set its price target to $47. On October 21, 2024, TD Cowen reiterated its Buy rating and revised its price target to $65 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $64 on July 22, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $53 on April 29, 2024. TD Cowen reiterated a Buy rating for this stock on April 22, 2024, and downed its price target to $63. In a note dated October 09, 2023, Societe Generale initiated an Buy rating and provided a target price of $81 on this stock.
The stock price of Schlumberger Ltd [SLB] has been fluctuating between $36.52 and $55.69 over the past year. Currently, Wall Street analysts expect the stock to reach $60.4 within the next 12 months. Schlumberger Ltd [NYSE: SLB] shares were valued at $39.85 at the most recent close of the market. An investor can expect a potential return of 51.57% 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 39.07 points at the first support level, and at 38.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.33, and for the 2nd resistance point, it is at 40.81.
Ratios To Look Out For
It’s worth pointing out that Schlumberger Ltd [NYSE:SLB]’s Current Ratio is 1.48. Also, the Quick Ratio is 1.12, while the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 1.56, the price to book ratio is 2.62 and price to earnings (TTM) ratio is 12.83.
Transactions by insiders
Recent insider trading involved de La Chevardiere Patrick, Director, that happened on Sep 04 ’24 when 8000.0 shares were sold. Director, de La Chevardiere Patrick completed a deal on May 03 ’24 to sell 2000.0 shares. Meanwhile, EVP & CFO Biguet Stephane sold 11520.0 shares on Nov 13 ’24.
