Schlumberger Limited [SLB] Stock trading around $20.04 per share: What’s Next?

Schlumberger Limited [NYSE: SLB] closed the trading session at $20.04 on 11/16/20. The day’s price range saw the stock hit a low of $18.56, while the highest price level was $20.05. The company report on November 13, 2020 that AM Best Affirms Credit Ratings of Castle Harbour Insurance Limited and Harrington Sound Insurance Limited.

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Castle Harbour Insurance Limited (Castle Harbour) and Harrington Sound Insurance Limited (Harrington). These companies are captive insurance companies for Schlumberger Limited (Schlumberger) [NYSE:SLB]. The outlook of these Credit Ratings (ratings) is stable. Both captives are domiciled in Bermuda.

The ratings of Castle Harbour and Harrington reflect their balance sheet strength, which AM Best categorizes as strongest, as well as their strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).

The stocks have a year to date performance of -50.15 percent and weekly performance of 9.81 percent. The stock has been moved at 17.12 percent over the last six months. The stock has performed 33.87 percent around the most recent 30 days and changed 1.37 percent over the most recent 3-months.

If compared to the average trading volume of 14.11M shares, SLB reached to a volume of 23070914 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Schlumberger Limited [SLB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SLB shares is $22.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SLB stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for Schlumberger Limited shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 19, 2020. The new note on the price target was released on October 12, 2020, representing the official price target for Schlumberger Limited stock. Previously, the target price had yet another raise to $21, while BMO Capital Markets analysts kept a Outperform rating on SLB stock. On August 13, 2020, analysts increased their price target for SLB shares from 25 to 28.

The Average True Range (ATR) for Schlumberger Limited is set at 0.99, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 1.02. The Price to Book ratio for the last quarter was 2.34, with the Price to Cash per share for the same quarter was set at 2.87. Price to Free Cash Flow for SLB in the course of the last twelve months was 37.55 with Quick ratio for the last quarter at 0.90.

SLB stock trade performance evaluation

Schlumberger Limited [SLB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.81. With this latest performance, SLB shares gained by 33.87% in over the last four-week period, additionally plugging by 17.12% over the last 6 months – not to mention a drop of -43.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SLB stock in for the last two-week period is set at 68.50, with the RSI for the last a single of trading hit 75.81, and the three-weeks RSI is set at 64.92 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 16.50, while it was recorded at 18.27 for the last single week of trading, and 18.96 for the last 200 days.

Schlumberger Limited [SLB]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Schlumberger Limited [SLB] shares currently have an operating margin of +8.91 and a Gross Margin at +12.80. Schlumberger Limited’s Net Margin is presently recorded at -30.80.

Return on Total Capital for SLB is now 6.27, given the latest momentum, and Return on Invested Capital for the company is -22.46. Return on Equity for this stock declined to -33.83, with Return on Assets sitting at -15.99. When it comes to the capital structure of this company, Schlumberger Limited [SLB] has a Total Debt to Total Equity ratio set at 70.31. Additionally, SLB Total Debt to Total Capital is recorded at 41.28, with Total Debt to Total Assets ending up at 29.67. Long-Term Debt to Equity for the company is recorded at 66.02, with the Long-Term Debt to Total Capital now at 38.77.

Reflecting on the efficiency of the workforce at the company, Schlumberger Limited [SLB] managed to generate an average of -$96,543 per employee. Receivables Turnover for the company is 4.21 with a Total Asset Turnover recorded at a value of 0.52.Schlumberger Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

Earnings per share (EPS) analysis for Schlumberger Limited [SLB] stock

With the latest financial reports released by the company, Schlumberger Limited posted 0.39/share EPS, while the average EPS was predicted by analysts to be reported at 0.37/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 5.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SLB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Schlumberger Limited go to -6.12%.

Schlumberger Limited [SLB]: Insider Ownership positions

There are presently around $20,720 million, or 74.30% of SLB stock, in the hands of institutional investors. The top three institutional holders of SLB stocks are: VANGUARD GROUP INC with ownership of 112,987,196, which is approximately -5.51% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 93,287,611 shares of the stock with an approximate value of $1.87 billion in SLB stocks shares; and DODGE & COX, currently with $1.64 billion in SLB stock with ownership of nearly -8.018% of the company’s market capitalization.

Positions in Schlumberger Limited stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 392 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 74,308,594 shares. Additionally, 570 investors decreased positions by around 61,631,617 shares, while 156 investors held positions by with 897,986,820 shares. The mentioned changes placed institutional holdings at 1,033,927,031 shares, according to the latest SEC report filing. SLB stock had 75 new institutional investments in for a total of 8,499,698 shares, while 108 institutional investors sold positions of 9,770,661 shares during the same period.

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