Schlumberger Limited [SLB] Revenue clocked in at $21.37 billion, up 43.52% YTD: What’s Next?

Schlumberger Limited [NYSE: SLB] slipped around -0.01 points on Friday, while shares priced at $31.33 at the close of the session, down -0.03%. The company report on May 28, 2021 that Schlumberger Announces Redemption of 100% of Outstanding 3.300% Senior Notes Due 2021.

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As part of its ongoing commitment to debt reduction, Schlumberger Limited (“Schlumberger”) announced that Schlumberger Investment SA, an indirect wholly-owned subsidiary of Schlumberger (“SISA”), will redeem notes with an outstanding aggregate principal amount of $664,776,000. This redemption is for the entire outstanding principal amount of SISA’s 3.300% Senior Notes due 2021 (CUSIP Nos. 806854AB1 / L81445AB1; and ISIN Nos. US806854AB12 / USL81445AB10) (the “Notes”). The redemption date for the Notes is June 28, 2021 (the “Redemption Date”).

The Notes will be redeemed on the Redemption Date at a redemption price for the Notes equal to (a) 100% of the aggregate principal amount being redeemed, plus (b) accrued and unpaid interest on the Notes from the last interest payment date to, but excluding, the Redemption Date. On and after the Redemption Date, the Notes will cease to be outstanding and interest will cease to accrue on the Notes.

Schlumberger Limited stock is now 43.52% up from its year-to-date (YTD) trading value. SLB Stock saw the intraday high of $31.65 and lowest of $31.09 per share. The company’s 52-week high price is 34.33, which means current price is +47.57% above from all time high which was touched on 05/18/21.

Compared to the average trading volume of 13.84M shares, SLB reached a trading volume of 8304692 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $30.91 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 2.10. 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.

Goldman have made an estimate for Schlumberger Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 13, 2021. The new note on the price target was released on April 26, 2021, representing the official price target for Schlumberger Limited stock. Previously, the target price had yet another raise from $27 to $31, while BofA Securities kept a Buy rating on SLB stock.

The Average True Range (ATR) for Schlumberger Limited is set at 1.03, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 2.05. The Price to Book ratio for the last quarter was 3.49, with the Price to Cash per share for the same quarter was set at 2.08. Price to Free Cash Flow for SLB in the course of the last twelve months was 90.17 with Quick ratio for the last quarter at 1.00.

How has SLB stock performed recently?

Schlumberger Limited [SLB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.94. With this latest performance, SLB shares gained by 12.62% in over the last four-week period, additionally plugging by 41.76% over the last 6 months – not to mention a rise of 69.63% 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 55.61, with the RSI for the last a single of trading hit 51.63, and the three-weeks RSI is set at 56.78 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 28.72, while it was recorded at 31.43 for the last single week of trading, and 23.14 for the last 200 days.

Schlumberger Limited [SLB]: Deeper insight into the 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 1.00 and a Current Ratio set at 1.30.

Earnings analysis for Schlumberger Limited [SLB]

With the latest financial reports released by the company, Schlumberger Limited posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 600.00%. 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 49.60%.

Insider trade positions for Schlumberger Limited [SLB]

There are presently around $33,298 million, or 77.90% of SLB stock, in the hands of institutional investors. The top three institutional holders of SLB stocks are: VANGUARD GROUP INC with ownership of 118,679,246, which is approximately 2.892% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 109,407,465 shares of the stock with an approximate value of $3.43 billion in SLB stocks shares; and STATE STREET CORP, currently with $2.74 billion in SLB stock with ownership of nearly 8.348% 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 513 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 125,632,571 shares. Additionally, 521 investors decreased positions by around 121,707,191 shares, while 170 investors held positions by with 815,473,614 shares. The mentioned changes placed institutional holdings at 1,062,813,376 shares, according to the latest SEC report filing. SLB stock had 152 new institutional investments in for a total of 11,349,486 shares, while 95 institutional investors sold positions of 11,861,764 shares during the same period.

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