Schlumberger Limited [NYSE: SLB] closed the trading session at $49.80 on 04/21/23. The day’s price range saw the stock hit a low of $49.09, while the highest price level was $51.75. The company report on April 21, 2023 at 6:50 AM that SLB Announces First-Quarter 2023 Results.
Revenue of $7.7 billion increased 30% year on year.
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The stocks have a year to date performance of -6.85 percent and weekly performance of -5.11 percent. The stock has been moved at 9.52 percent over the last six months. The stock has performed 5.06 percent around the most recent 30 days and changed -13.16 percent over the most recent 3-months.
If compared to the average trading volume of 9.42M shares, SLB reached to a volume of 15775972 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 $64.83 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.
UBS have made an estimate for Schlumberger Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 19, 2023. While these analysts kept the previous recommendation, Susquehanna raised their target price from $65 to $68. The new note on the price target was released on January 23, 2023, representing the official price target for Schlumberger Limited stock. Previously, the target price had yet another raise to $65, while The Benchmark Company analysts kept a Buy rating on SLB stock.
The Average True Range (ATR) for Schlumberger Limited is set at 1.70, with the Price to Sales ratio for SLB stock in the period of the last 12 months amounting to 2.63. The Price to Book ratio for the last quarter was 4.00, 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 41.70 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 -5.11. With this latest performance, SLB shares gained by 5.06% in over the last four-week period, additionally plugging by 9.52% over the last 6 months – not to mention a rise of 16.68% 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 46.13, with the RSI for the last a single of trading hit 42.42, and the three-weeks RSI is set at 47.01 for Schlumberger Limited [SLB]. The present Moving Average for the last 50 days of trading for this stock 51.38, while it was recorded at 51.73 for the last single week of trading, and 46.84 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 Total Capital for SLB is now 14.59, given the latest momentum, and Return on Invested Capital for the company is 11.88. Return on Equity for this stock inclined to 21.05, with Return on Assets sitting at 8.13. When it comes to the capital structure of this company, Schlumberger Limited [SLB] has a Total Debt to Total Equity ratio set at 73.08. Additionally, SLB Total Debt to Total Capital is recorded at 42.22, with Total Debt to Total Assets ending up at 29.96. Long-Term Debt to Equity for the company is recorded at 62.95, with the Long-Term Debt to Total Capital now at 36.37.
Reflecting on the efficiency of the workforce at the company, Schlumberger Limited [SLB] managed to generate an average of $34,758 per employee. Receivables Turnover for the company is 4.56 with a Total Asset Turnover recorded at a value of 0.67.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 $57,807 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 $5.28 billion in SLB stocks shares; and STATE STREET CORP, currently with $4.3 billion in SLB stock with ownership of nearly -5.421% of the company’s market capitalization.
Positions in Schlumberger Limited stocks held by institutional investors increased at the end of Friday and at the time of the Friday reporting period, where 733 institutional holders increased their position in Schlumberger Limited [NYSE:SLB] by around 121,152,701 shares. Additionally, 610 investors decreased positions by around 128,667,986 shares, while 198 investors held positions by with 910,955,580 shares. The mentioned changes placed institutional holdings at 1,160,776,267 shares, according to the latest SEC report filing. SLB stock had 260 new institutional investments in for a total of 26,858,781 shares, while 104 institutional investors sold positions of 11,933,576 shares during the same period.