RBC Capital Mkts lifts Schlumberger Limited [SLB] price estimate. Who else is bullish?

Schlumberger Limited [NYSE: SLB] surged by $1.33 during the normal trading session on Monday and reaching a high of $28.25 during the day while it closed the day at $28.11. The company report on September 8, 2021 that Schlumberger New Energy Enters into Agreement with EnerVenue for Metal-Hydrogen Stationary Energy Storage Solutions.

This strategic investment provides Schlumberger with access to the fast-growing stationary energy storage solutions market through differentiated technology.

Schlumberger New Energy announced an investment and collaboration agreement to deploy EnerVenue’s uniquely differentiated nickel-hydrogen battery technology, which is a key enabler of stationary energy storage solutions. Schlumberger New Energy and EnerVenue will work together to progress large-scale deployment of nickel-hydrogen battery technology across selected global markets.

Schlumberger Limited stock has also gained 0.07% of its value over the past 7 days. However, SLB stock has declined by -17.44% in the 3 months of the year. Over the past six months meanwhile, it has lost -3.47% and gained 28.77% year-on date.

The market cap for SLB stock reached $39.08 billion, with 1.40 billion shares outstanding and 1.40 billion shares in the current float. Compared to the average trading volume of 10.04M shares, SLB reached a trading volume of 9726261 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 $35.89 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 1.90. 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.

RBC Capital Mkts have made an estimate for Schlumberger Limited shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 09, 2021. The new note on the price target was released on August 04, 2021, representing the official price target for Schlumberger Limited stock. Previously, the target price had yet another raise from $32 to $35, while Cowen kept a Outperform rating on SLB stock.

The Average True Range (ATR) for Schlumberger Limited is set at 0.91, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 1.81. The Price to Book ratio for the last quarter was 3.08, with the Price to Cash per share for the same quarter was set at 1.93. Price to Free Cash Flow for SLB in the course of the last twelve months was 27.33 with Quick ratio for the last quarter at 1.00.

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 0.07. With this latest performance, SLB shares dropped by -1.54% in over the last four-week period, additionally sinking by -3.47% over the last 6 months – not to mention a rise of 57.30% 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 50.82, with the RSI for the last a single of trading hit 54.28, and the three-weeks RSI is set at 48.87 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 28.52, while it was recorded at 27.20 for the last single week of trading, and 27.78 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 +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 1.40.

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

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 53.50%.

Schlumberger Limited [SLB]: Insider Ownership positions

There are presently around $31,169 million, or 79.50% of SLB stock, in the hands of institutional investors. The top three institutional holders of SLB stocks are: VANGUARD GROUP INC with ownership of 120,052,256, which is approximately 1.157% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 95,962,573 shares of the stock with an approximate value of $2.7 billion in SLB stocks shares; and STATE STREET CORP, currently with $2.43 billion in SLB stock with ownership of nearly -1.393% of the company’s market capitalization.

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Positions in Schlumberger Limited stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 536 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 137,277,875 shares. Additionally, 523 investors decreased positions by around 82,900,738 shares, while 185 investors held positions by with 888,635,915 shares. The mentioned changes placed institutional holdings at 1,108,814,528 shares, according to the latest SEC report filing. SLB stock had 132 new institutional investments in for a total of 44,146,784 shares, while 92 institutional investors sold positions of 13,602,285 shares during the same period.

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