Schlumberger Limited [SLB] Stock trading around $27.44 per share: What’s Next?

Schlumberger Limited [NYSE: SLB] stock went on a downward path that fall over -0.40% on Tuesday, amounting to a one-week price decrease of less than -0.94%. The company report on March 29, 2021 that Schlumberger and Microsoft Expand Partnership to Bring Open, Enterprise-Scale Data Management to the Energy Industry.

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Partnership introduces industry first, AI-enhanced cloud native solution for the OSDU™ Data Platform optimized for Microsoft Azure.


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Schlumberger and Microsoft announced an expanded strategic partnership to accelerate new technologies for the energy industry. The first offering, the Schlumberger Enterprise Data Management Solution for the OSDU Data Platform—a new industry standard for energy data—is available. Energy companies will now benefit from an OSDU-compliant solution, and the ability to seamlessly connect to the DELFI* cognitive E&P environment from Schlumberger. The Enterprise Data Management Solution is ready for global customers to deploy on Microsoft Azure, Schlumberger’s preferred global public cloud platform for OSDU-compatible solutions.

Over the last 12 months, SLB stock rose by 92.02%. The one-year Schlumberger Limited stock forecast points to a potential upside of 5.51. The average equity rating for SLB stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $37.13 billion, with 1.39 billion shares outstanding and 1.39 billion shares in the current float. Compared to the average trading volume of 14.68M shares, SLB stock reached a trading volume of 9305022 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $29.04 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 1.08, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 1.57. The Price to Book ratio for the last quarter was 3.16, with the Price to Cash per share for the same quarter was set at 2.22. Price to Free Cash Flow for SLB in the course of the last twelve months was 394.96 with Quick ratio for the last quarter at 0.90.

SLB Stock Performance Analysis:

Schlumberger Limited [SLB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.94. With this latest performance, SLB shares dropped by -5.61% in over the last four-week period, additionally plugging by 76.24% over the last 6 months – not to mention a rise of 92.02% 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 48.87, with the RSI for the last a single of trading hit 46.75, and the three-weeks RSI is set at 51.01 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 26.86, while it was recorded at 27.50 for the last single week of trading, and 21.18 for the last 200 days.

Insight into Schlumberger Limited Fundamentals:

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.

SLB Stock EPS

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%.

Schlumberger Limited [SLB] Insider Position Details

There are presently around $28,913 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 $2.66 billion in SLB stocks shares; and STATE STREET CORP, currently with $2.22 billion in SLB stock with ownership of nearly 6.49% of the company’s market capitalization.

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Positions in Schlumberger Limited stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 433 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 107,622,175 shares. Additionally, 592 investors decreased positions by around 86,298,323 shares, while 120 investors held positions by with 859,757,117 shares. The mentioned changes placed institutional holdings at 1,053,677,615 shares, according to the latest SEC report filing. SLB stock had 155 new institutional investments in for a total of 15,049,565 shares, while 96 institutional investors sold positions of 14,758,480 shares during the same period.

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