Schlumberger Limited (NYSE: SLB) has seen a decline in its stock price by -1.35 in relation to its previous close of 61.60. However, the company has experienced a 1.00% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-09-15 that Recently, Zacks.com users have been paying close attention to Schlumberger (SLB). This makes it worthwhile to examine what the stock has in store.
Is It Worth Investing in Schlumberger Limited (NYSE: SLB) Right Now?
The price-to-earnings ratio for Schlumberger Limited (NYSE: SLB) is 22.25x, which is above its average ratio. Moreover, the 36-month beta value for SLB is 1.83. Analysts have varying opinions on the stock, with 25 analysts rating it as a “buy,” 4 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Schlumberger Limited (SLB) is $67.11, which is $4.88 above the current market price. The public float for SLB is 1.42B and currently, short sellers hold a 1.48% of that float. On September 15, 2023, SLB’s average trading volume was 9.35M shares.
SLB’s Market Performance
SLB stock saw an increase of 1.00% in the past week, with a monthly gain of 5.19% and a quarterly increase of 26.87%. The volatility ratio for the week is 1.99%, and the volatility levels for the last 30 days are 2.16% for Schlumberger Limited (SLB). The simple moving average for the last 20 days is 2.80% for SLB stock, with a simple moving average of 16.07% for the last 200 days.
Analysts’ Opinion of SLB
Many brokerage firms have already submitted their reports for SLB stocks, with CapitalOne repeating the rating for SLB by listing it as a “Overweight.” The predicted price for SLB in the upcoming period, according to CapitalOne is $63 based on the research report published on June 07, 2023 of the current year 2023.
SLB Trading at 4.93% from the 50-Day Moving Average
After a stumble in the market that brought SLB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.17% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 1.99%, as shares surge +5.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.45% upper at present.
During the last 5 trading sessions, SLB rose by +1.60%, which changed the moving average for the period of 200-days by +22.55% in comparison to the 20-day moving average, which settled at $59.28. In addition, Schlumberger Limited saw 13.67% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SLB starting from Al Mogharbel Khaled, who sale 30,000 shares at the price of $60.24 back on Sep 05. After this action, Al Mogharbel Khaled now owns 324,867 shares of Schlumberger Limited, valued at $1,807,260 using the latest closing price.
Pafitis Demosthenis, the Chief Technology Officer of Schlumberger Limited, sale 60,000 shares at $58.83 during a trade that took place back on Aug 30, which means that Pafitis Demosthenis is holding 36,858 shares at $3,529,800 based on the most recent closing price.
Stock Fundamentals for SLB
Current profitability levels for the company are sitting at:
- +15.90 for the present operating margin
- +19.48 for the gross margin
The net margin for Schlumberger Limited stands at +12.21. The total capital return value is set at 14.59, while invested capital returns managed to touch 11.88. Equity return is now at value 22.00, with 9.00 for asset returns.
Based on Schlumberger Limited (SLB), the company’s capital structure generated 73.08 points at debt to equity in total, while total debt to capital is 42.22. Total debt to assets is 29.96, with long-term debt to equity ratio resting at 62.95. Finally, the long-term debt to capital ratio is 36.37.
When we switch over and look at the enterprise to sales, we see a ratio of 3.13, with the company’s debt to enterprise value settled at 0.15. The receivables turnover for the company is 4.56 and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To wrap up, the performance of Schlumberger Limited (SLB) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
