Schlumberger Limited [SLB] Stock trading around $52.79 per share: What’s Next?

Schlumberger Limited [NYSE: SLB] gained 1.99% or 1.03 points to close at $52.79 with a heavy trading volume of 9368999 shares. The company report on November 22, 2022 that SLB and Subsea Integration Alliance Awarded Contract for bp’s Cypre Project.

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Award represents first fully integrated contract with bp and first for Subsea Integration Alliance in Trinidad and Tobago.

It opened the trading session at $51.50, the shares rose to $52.88 and dropped to $51.29, the range by which the price of stock traded the whole day. The daily chart for SLB points out that the company has recorded 11.21% gains over the past six months. However, it is still -90.92% lower than its most recent low trading price.

If we look at the average trading volume of 14.00M shares, SLB reached to a volume of 9368999 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 $59.07 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 1.80. 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.

Jefferies have made an estimate for Schlumberger Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 19, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on October 07, 2022, representing the official price target for Schlumberger Limited stock. Previously, the target price had yet another raise to $55, while The Benchmark Company analysts kept a Buy rating on SLB stock. On April 27, 2022, analysts increased their price target for SLB shares from 4.60 to 44.20.

The Average True Range (ATR) for Schlumberger Limited is set at 1.86, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 2.78. The Price to Book ratio for the last quarter was 4.35, with the Price to Cash per share for the same quarter was set at 2.60. Price to Free Cash Flow for SLB in the course of the last twelve months was 41.47 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for SLB stock

Schlumberger Limited [SLB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.86. With this latest performance, SLB shares gained by 3.23% in over the last four-week period, additionally plugging by 11.21% over the last 6 months – not to mention a rise of 80.05% 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 56.84, with the RSI for the last a single of trading hit 56.04, and the three-weeks RSI is set at 58.19 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 47.53, while it was recorded at 51.41 for the last single week of trading, and 41.49 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 +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 1.00 and a Current Ratio set at 1.40.

Schlumberger Limited [SLB]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at Schlumberger Limited [SLB]

There are presently around $62,154 million, or 85.70% of SLB stock, in the hands of institutional investors. The top three institutional holders of SLB stocks are: VANGUARD GROUP INC with ownership of 123,210,874, which is approximately 1.144% of the company’s market cap and around 0.15% of the total institutional ownership; BLACKROCK INC., holding 107,398,568 shares of the stock with an approximate value of $5.67 billion in SLB stocks shares; and STATE STREET CORP, currently with $4.82 billion in SLB stock with ownership of nearly 1.714% of the company’s market capitalization.

Positions in Schlumberger Limited stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 647 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 121,320,811 shares. Additionally, 538 investors decreased positions by around 84,591,181 shares, while 212 investors held positions by with 971,473,691 shares. The mentioned changes placed institutional holdings at 1,177,385,683 shares, according to the latest SEC report filing. SLB stock had 133 new institutional investments in for a total of 11,747,801 shares, while 118 institutional investors sold positions of 10,734,597 shares during the same period.

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