Market cap of Schlumberger Limited [SLB] reaches 48.59B – now what?

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Schlumberger Limited [NYSE: SLB] traded at a low on 07/08/22, posting a -0.17 loss after which it closed the day’ session at $34.32. The company report on June 30, 2022 that Schlumberger Reports on Payments to Governments for the year ended 31 December 2021.


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Regulatory News:.

Schlumberger Limited is providing the following disclosure pursuant to L. 225-102-3 of the French Commercial Code (“FCC”), which requires disclosures of certain payments made by Schlumberger Limited and its consolidated subsidiaries (together, the “Company”) to governments for the year ended December 31, 2021 relating to “extractive industries” as defined by, and required under, the FCC. The following schedules disclose the payments made by the Company in 2021 to governments in Morocco, the United Kingdom and the United States in connection with the Company’s extractive activities under the FCC, including its operation of sand and barite mines.

The results of the trading session contributed to over 11020641 shares changing hands. Over the past one week, the price volatility of Schlumberger Limited stands at 5.36% while the volatility over the past one month is 5.14%.

The market cap for SLB stock reached $48.59 billion, with 1.41 billion shares outstanding and 1.41 billion shares in the current float. Compared to the average trading volume of 14.17M shares, SLB reached a trading volume of 11020641 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]?

HSBC Securities have made an estimate for Schlumberger Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 27, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $43 to $55. The new note on the price target was released on April 11, 2022, representing the official price target for Schlumberger Limited stock. Previously, the target price had yet another raise to $45, while Exane BNP Paribas analysts kept a Outperform rating on SLB stock. On January 24, 2022, analysts increased their price target for SLB shares from 40 to 45.

The Average True Range (ATR) for Schlumberger Limited is set at 2.08, 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 3.16, with the Price to Cash per share for the same quarter was set at 1.87. Price to Free Cash Flow for SLB in the course of the last twelve months was 20.37 with Quick ratio for the last quarter at 0.90.

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 -4.03. With this latest performance, SLB shares dropped by -29.86% in over the last four-week period, additionally plugging by 3.19% over the last 6 months – not to mention a rise of 12.41% 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 36.54, with the RSI for the last a single of trading hit 35.50, and the three-weeks RSI is set at 38.75 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 40.98, while it was recorded at 34.08 for the last single week of trading, and 37.04 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 +13.93 and a Gross Margin at +17.82. Schlumberger Limited’s Net Margin is presently recorded at +8.20.

Return on Equity for this stock inclined to 13.89, with Return on Assets sitting at 4.48.

Schlumberger Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

Earnings analysis for Schlumberger Limited [SLB]

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 42.10%.

Insider trade positions for Schlumberger Limited [SLB]

There are presently around $38,337 million, or 81.00% of SLB stock, in the hands of institutional investors. The top three institutional holders of SLB stocks are: VANGUARD GROUP INC with ownership of 121,361,420, which is approximately 1.26% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 109,621,382 shares of the stock with an approximate value of $3.76 billion in SLB stocks shares; and STATE STREET CORP, currently with $3.14 billion in SLB stock with ownership of nearly 0.037% of the company’s market capitalization.

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 643 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 189,461,199 shares. Additionally, 547 investors decreased positions by around 132,656,651 shares, while 177 investors held positions by with 794,920,156 shares. The mentioned changes placed institutional holdings at 1,117,038,006 shares, according to the latest SEC report filing. SLB stock had 209 new institutional investments in for a total of 24,317,556 shares, while 93 institutional investors sold positions of 8,251,972 shares during the same period.

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