Schlumberger Limited [NYSE: SLB] loss -3.64% or -1.06 points to close at $28.06 with a heavy trading volume of 11187560 shares. The company report on March 13, 2021 that NXP Semiconductors, Penn National Gaming, Generac Holdings and Caesars Entertainment Set to Join S&P 500; Others to Join S&P MidCap 400, S&P SmallCap 600 and S&P 100.
S&P Dow Jones Indices will make the following index adjustments to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 to ensure each index is more representative of its market capitalization range. The changes will be effective prior to the open of trading on Monday, March 22, 2021 to coincide with the quarterly rebalance:.
NXP Semiconductors NV (NASD:NXPI) will replace Flowserve Corp. (NYSE:FLS) in the S&P 500, Flowserve will replace Edgewell Personal Care Co. (NYSE:EPC) in the S&P MidCap 400, and Edgewell Personal Care will replace Exterran Corp. (NYSE:EXTN) in the S&P SmallCap 600. Exterran is no longer representative of the small-cap market space.
It opened the trading session at $28.74, the shares rose to $28.79 and dropped to $27.83, the range by which the price of stock traded the whole day. The daily chart for SLB points out that the company has recorded 55.63% gains over the past six months. However, it is still -136.39% lower than its most recent low trading price.
If we look at the average trading volume of 14.02M shares, SLB reached to a volume of 11187560 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $28.54 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.
BofA Securities have made an estimate for Schlumberger Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 25, 2021. The new note on the price target was released on December 10, 2020, representing the official price target for Schlumberger Limited stock. Previously, the target price had yet another raise from $30 to $32, while Cowen kept a Outperform rating on SLB stock.
The Average True Range (ATR) for Schlumberger Limited is set at 1.17, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 1.68. The Price to Book ratio for the last quarter was 3.24, with the Price to Cash per share for the same quarter was set at 2.12. Price to Free Cash Flow for SLB in the course of the last twelve months was 423.01 with Quick ratio for the last quarter at 0.90.
Trading performance analysis for SLB stock
Schlumberger Limited [SLB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.40. With this latest performance, SLB shares gained by 4.82% in over the last four-week period, additionally plugging by 55.63% over the last 6 months – not to mention a rise of 94.73% 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 52.26, with the RSI for the last a single of trading hit 45.95, and the three-weeks RSI is set at 55.21 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 26.07, while it was recorded at 29.11 for the last single week of trading, and 20.67 for the last 200 days.
Schlumberger Limited [SLB]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Schlumberger Limited [SLB] shares currently have an operating margin of +5.07 and a Gross Margin at +9.08. Schlumberger Limited’s Net Margin is presently recorded at -44.57.
Return on Total Capital for SLB is now 3.36, given the latest momentum, and Return on Invested Capital for the company is -30.79. Return on Equity for this stock declined to -58.71, with Return on Assets sitting at -21.30. When it comes to the capital structure of this company, Schlumberger Limited [SLB] has a Total Debt to Total Equity ratio set at 148.26. Additionally, SLB Total Debt to Total Capital is recorded at 59.72, with Total Debt to Total Assets ending up at 42.18. Long-Term Debt to Equity for the company is recorded at 139.17, with the Long-Term Debt to Total Capital now at 56.06.
Reflecting on the efficiency of the workforce at the company, Schlumberger Limited [SLB] managed to generate an average of -$122,302 per employee. Receivables Turnover for the company is 3.50 with a Total Asset Turnover recorded at a value of 0.48.Schlumberger Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.
Schlumberger Limited [SLB]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Schlumberger Limited posted 0.25/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.20%. 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 41.84%.
An analysis of insider ownership at Schlumberger Limited [SLB]
There are presently around $29,589 million, or 77.50% of SLB stock, in the hands of institutional investors. The top three institutional holders of SLB stocks are: VANGUARD GROUP INC with ownership of 115,343,090, which is approximately 2.085% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 97,009,046 shares of the stock with an approximate value of $2.72 billion in SLB stocks shares; and STATE STREET CORP, currently with $2.27 billion in SLB stock with ownership of nearly 6.49% of the company’s market capitalization.
Positions in Schlumberger Limited stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 438 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 108,002,102 shares. Additionally, 602 investors decreased positions by around 86,560,958 shares, while 119 investors held positions by with 859,935,289 shares. The mentioned changes placed institutional holdings at 1,054,498,349 shares, according to the latest SEC report filing. SLB stock had 155 new institutional investments in for a total of 15,100,951 shares, while 99 institutional investors sold positions of 14,819,029 shares during the same period.