Schlumberger Limited [NYSE: SLB] stock went on a downward path that fall over -1.87% on Friday, amounting to a one-week price increase of more than 6.20%. The company report on July 26, 2022 that Kosmos Energy Awards Schlumberger Integrated Subsea Boosting System Contract.
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Project will help extend field life while reducing CO2 emissions.
Over the last 12 months, SLB stock rose by 40.14%. The one-year Schlumberger Limited stock forecast points to a potential upside of 19.85.
The market cap for the stock reached $56.82 billion, with 1.41 billion shares outstanding and 1.41 billion shares in the current float. Compared to the average trading volume of 13.46M shares, SLB stock reached a trading volume of 8901381 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Schlumberger Limited [SLB]:
The Benchmark Company have made an estimate for Schlumberger Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 27, 2022. While these analysts kept the previous recommendation, HSBC Securities raised their target price from $4.60 to $44.20. The new note on the price target was released on April 27, 2022, representing the official price target for Schlumberger Limited stock. Previously, the target price had yet another raise from $43 to $55, while Piper Sandler kept a Overweight rating on SLB stock.
The Average True Range (ATR) for Schlumberger Limited is set at 1.44, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 2.29. The Price to Book ratio for the last quarter was 3.41, with the Price to Cash per share for the same quarter was set at 1.95. Price to Free Cash Flow for SLB in the course of the last twelve months was 39.05 with Quick ratio for the last quarter at 1.00.
SLB Stock Performance Analysis:
Schlumberger Limited [SLB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.20. With this latest performance, SLB shares gained by 10.39% in over the last four-week period, additionally sinking by -0.08% over the last 6 months – not to mention a rise of 40.14% 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 62.10, with the RSI for the last a single of trading hit 66.66, and the three-weeks RSI is set at 57.83 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 35.65, while it was recorded at 39.16 for the last single week of trading, and 37.63 for the last 200 days.
Insight into Schlumberger Limited Fundamentals:
Schlumberger Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.40.
SLB Stock EPS
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 44.40%.
Schlumberger Limited [SLB] Insider Position Details
There are presently around $45,187 million, or 82.70% of SLB stock, in the hands of institutional investors. The top three institutional holders of SLB stocks are: VANGUARD GROUP INC with ownership of 121,817,814, which is approximately 0.376% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 108,340,029 shares of the stock with an approximate value of $4.27 billion in SLB stocks shares; and STATE STREET CORP, currently with $3.54 billion in SLB stock with ownership of nearly -2.055% of the company’s market capitalization.
615 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 142,395,517 shares. Additionally, 602 investors decreased positions by around 93,898,813 shares, while 195 investors held positions by with 910,000,378 shares. The mentioned changes placed institutional holdings at 1,146,294,708 shares, according to the latest SEC report filing. SLB stock had 140 new institutional investments in for a total of 19,345,143 shares, while 137 institutional investors sold positions of 6,027,751 shares during the same period.