why Schlumberger Limited [SLB] is a Good Choice for Investors After New Price Target of $39.70


Schlumberger Limited [NYSE: SLB] surged by $0.98 during the normal trading session on Friday and reaching a high of $35.135 during the day while it closed the day at $35.03. The company report on December 22, 2021 that Schlumberger Announces Fourth-Quarter 2021 and Full-Year 2021 Results Conference Call.

Schlumberger Limited (NYSE:SLB) will hold a conference call on January 21, 2022 to discuss the results for the fourth quarter and full year ending December 31, 2021.

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The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time.

Schlumberger Limited stock has also gained 16.96% of its value over the past 7 days. However, SLB stock has inclined by 10.64% in the 3 months of the year. Over the past six months meanwhile, it has gained 12.20% and gained 16.96% year-on date.

The market cap for SLB stock reached $47.76 billion, with 1.40 billion shares outstanding and 1.40 billion shares in the current float. Compared to the average trading volume of 11.38M shares, SLB reached a trading volume of 14291938 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]:

The Benchmark Company have made an estimate for Schlumberger Limited shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 19, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price from $28 to $37. The new note on the price target was released on October 07, 2021, representing the official price target for Schlumberger Limited stock. Previously, the target price had yet another raise to $37, while RBC Capital Mkts analysts kept a Outperform rating on SLB stock.

The Average True Range (ATR) for Schlumberger Limited is set at 1.04, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 2.15. The Price to Book ratio for the last quarter was 3.68, with the Price to Cash per share for the same quarter was set at 2.16. Price to Free Cash Flow for SLB in the course of the last twelve months was 24.53 with Quick ratio for the last quarter at 0.90.

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 16.96. With this latest performance, SLB shares gained by 12.78% in over the last four-week period, additionally plugging by 12.20% over the last 6 months – not to mention a rise of 41.02% 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 74.68, with the RSI for the last a single of trading hit 84.24, and the three-weeks RSI is set at 67.86 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 31.21, while it was recorded at 33.46 for the last single week of trading, and 30.32 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 0.90 and a Current Ratio set at 1.30.

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 61.30%.

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Schlumberger Limited [SLB]: Insider Ownership positions

There are presently around $37,808 million, or 77.80% of SLB stock, in the hands of institutional investors. The top three institutional holders of SLB stocks are: VANGUARD GROUP INC with ownership of 120,080,802, which is approximately 0.024% of the company’s market cap and around 0.12% of the total institutional ownership; BLACKROCK INC., holding 95,363,170 shares of the stock with an approximate value of $3.34 billion in SLB stocks shares; and STATE STREET CORP, currently with $3.19 billion in SLB stock with ownership of nearly 5.435% 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 461 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 58,625,344 shares. Additionally, 550 investors decreased positions by around 62,632,961 shares, while 202 investors held positions by with 958,038,696 shares. The mentioned changes placed institutional holdings at 1,079,297,001 shares, according to the latest SEC report filing. SLB stock had 76 new institutional investments in for a total of 4,486,786 shares, while 113 institutional investors sold positions of 8,376,453 shares during the same period.