Schlumberger Limited [NYSE: SLB] plunged by -$2.16 during the normal trading session on Monday and reaching a high of $50.485 during the day while it closed the day at $48.84. The company report on March 6, 2023 that SLB Introduces Low-Carbon Alternative for Well Construction Cement.
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EcoShield, an industry-first geopolymer technology, eliminates up to 85 percent of embodied CO2 emissions.
SLB (NYSE: SLB) today introduced the EcoShield™ geopolymer cement-free system that minimizes the CO2 footprint of a well’s construction. This innovative technology eliminates up to 85 percent of embodied CO2 emissions compared with conventional well cementing systems, which include portland cement. The EcoShield system has the potential to avoid up to 5 million metric tons of CO2 emissions annually—the equivalent of removing 1.1 million cars from the road each year.
Schlumberger Limited stock has also loss -11.76% of its value over the past 7 days. However, SLB stock has declined by -2.16% in the 3 months of the year. Over the past six months meanwhile, it has gained 23.18% and lost -8.64% year-on date.
The market cap for SLB stock reached $70.98 billion, with 1.42 billion shares outstanding and 1.42 billion shares in the current float. Compared to the average trading volume of 9.09M shares, SLB reached a trading volume of 10908019 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 $64.16 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.
Susquehanna have made an estimate for Schlumberger Limited shares, keeping their opinion on the stock as Positive, with their previous recommendation back on January 23, 2023. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Buy. The new note on the price target was released on January 19, 2023, representing the official price target for Schlumberger Limited stock.
The Average True Range (ATR) for Schlumberger Limited is set at 1.92, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 2.53. The Price to Book ratio for the last quarter was 3.93, with the Price to Cash per share for the same quarter was set at 1.99. Price to Free Cash Flow for SLB in the course of the last twelve months was 56.60 with Quick ratio for the last quarter at 0.90.
SLB stock trade performance evaluation
Schlumberger Limited [SLB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.76. With this latest performance, SLB shares dropped by -9.29% in over the last four-week period, additionally plugging by 23.18% over the last 6 months – not to mention a rise of 12.53% 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 31.58, with the RSI for the last a single of trading hit 24.09, and the three-weeks RSI is set at 36.86 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 54.80, while it was recorded at 51.92 for the last single week of trading, and 45.77 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 +15.90 and a Gross Margin at +19.48. Schlumberger Limited’s Net Margin is presently recorded at +12.21.
Return on Equity for this stock inclined to 21.05, with Return on Assets sitting at 8.13.
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 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 31.50%.
Schlumberger Limited [SLB]: Insider Ownership positions
There are presently around $57,033 million, or 85.80% of SLB stock, in the hands of institutional investors. The top three institutional holders of SLB stocks are: VANGUARD GROUP INC with ownership of 125,139,611, which is approximately 1.565% of the company’s market cap and around 0.19% of the total institutional ownership; BLACKROCK INC., holding 105,972,586 shares of the stock with an approximate value of $5.18 billion in SLB stocks shares; and STATE STREET CORP, currently with $4.21 billion in SLB stock with ownership of nearly -5.421% of the company’s market capitalization.
748 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 122,612,300 shares. Additionally, 616 investors decreased positions by around 129,892,121 shares, while 182 investors held positions by with 915,247,616 shares. The mentioned changes placed institutional holdings at 1,167,752,037 shares, according to the latest SEC report filing. SLB stock had 281 new institutional investments in for a total of 28,719,626 shares, while 90 institutional investors sold positions of 12,864,257 shares during the same period.