Schlumberger Limited [NYSE: SLB] gained 5.85% or 1.83 points to close at $33.12 with a heavy trading volume of 11133644 shares. The company report on June 15, 2021 that Equinor Awards Subsea Integration Alliance EPCI Contract for Bacalhau.
Integration and open collaboration will help Equinor unlock Bacalhau’s full potential.
Schlumberger announced an award to Subsea Integration Alliance of a large contract by Equinor on its Bacalhau project offshore Brazil. The contract scope covers the engineering, procurement, construction and installation (EPCI) of the subsea production systems (SPS) and subsea pipelines (SURF).
It opened the trading session at $31.75, the shares rose to $33.24 and dropped to $31.67, the range by which the price of stock traded the whole day. The daily chart for SLB points out that the company has recorded 44.44% gains over the past six months. However, it is still -141.75% lower than its most recent low trading price.
If we look at the average trading volume of 13.33M shares, SLB reached to a volume of 11133644 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 $32.36 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 1.28, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 2.25. The Price to Book ratio for the last quarter was 3.69, with the Price to Cash per share for the same quarter was set at 2.01. Price to Free Cash Flow for SLB in the course of the last twelve months was 98.89 with Quick ratio for the last quarter at 1.00.
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 -2.73. With this latest performance, SLB shares gained by 4.25% in over the last four-week period, additionally plugging by 44.44% over the last 6 months – not to mention a rise of 68.04% 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 50.69, with the RSI for the last a single of trading hit 47.06, and the three-weeks RSI is set at 53.21 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 30.86, while it was recorded at 33.02 for the last single week of trading, and 24.28 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 1.00 and a Current Ratio set at 1.30.
Schlumberger Limited [SLB]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Schlumberger Limited [SLB]
There are presently around $33,256 million, or 78.00% 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 $3.42 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.
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 516 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 125,600,704 shares. Additionally, 521 investors decreased positions by around 121,648,238 shares, while 170 investors held positions by with 815,569,533 shares. The mentioned changes placed institutional holdings at 1,062,818,475 shares, according to the latest SEC report filing. SLB stock had 153 new institutional investments in for a total of 11,314,649 shares, while 95 institutional investors sold positions of 11,861,764 shares during the same period.