The price-to-earnings ratio for Schlumberger Ltd. (NYSE: SLB) is 18.66x, which is above its average ratio. Moreover, the 36-month beta value for SLB is 1.61. Analysts have varying opinions on the stock, with 19 analysts rating it as a “buy,” 7 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for SLB is 1.43B and currently, short sellers hold a 1.48% of that float. On March 26, 2024, SLB’s average trading volume was 11.49M shares.
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SLB) stock’s latest price update
Schlumberger Ltd. (NYSE: SLB)’s stock price has soared by 0.59 in relation to previous closing price of 53.99. Nevertheless, the company has seen a gain of 1.65% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-25 that In the latest trading session, Schlumberger (SLB) closed at $54.31, marking a +0.59% move from the previous day.
SLB’s Market Performance
SLB’s stock has risen by 1.65% in the past week, with a monthly rise of 11.25% and a quarterly rise of 3.29%. The volatility ratio for the week is 1.58% while the volatility levels for the last 30 days are 1.73% for Schlumberger Ltd.. The simple moving average for the past 20 days is 5.90% for SLB’s stock, with a 1.08% simple moving average for the past 200 days.
Analysts’ Opinion of SLB
Many brokerage firms have already submitted their reports for SLB stocks, with Societe Generale repeating the rating for SLB by listing it as a “Buy.” The predicted price for SLB in the upcoming period, according to Societe Generale is $81 based on the research report published on October 09, 2023 of the previous year 2023.
CapitalOne, on the other hand, stated in their research note that they expect to see SLB reach a price target of $63. The rating they have provided for SLB stocks is “Overweight” according to the report published on June 07th, 2023.
UBS gave a rating of “Buy” to SLB, setting the target price at $66 in the report published on April 19th of the previous year.
SLB Trading at 8.55% 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 -12.57% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +11.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.29% upper at present.
During the last 5 trading sessions, SLB rose by +1.65%, which changed the moving average for the period of 200-days by +12.84% in comparison to the 20-day moving average, which settled at $51.57. In addition, Schlumberger Ltd. saw 4.36% 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 Merad Abdellah, who sale 50,000 shares at the price of $48.52 back on Feb 26 ’24. After this action, Merad Abdellah now owns 261,507 shares of Schlumberger Ltd., valued at $2,426,000 using the latest closing price.
Biguet Stephane, the EVP & CFO of Schlumberger Ltd., sale 6,250 shares at $48.64 during a trade that took place back on Feb 26 ’24, which means that Biguet Stephane is holding 242,932 shares at $304,000 based on the most recent closing price.
Stock Fundamentals for SLB
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.2 for the gross margin
The net margin for Schlumberger Ltd. stands at 0.13. The total capital return value is set at 0.17. Equity return is now at value 22.19, with 9.23 for asset returns.
Based on Schlumberger Ltd. (SLB), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 11.43.
Currently, EBITDA for the company is 7.59 billion with net debt to EBITDA at 1.29. When we switch over and look at the enterprise to sales, we see a ratio of 2.62. The receivables turnover for the company is 4.24for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.
Conclusion
To wrap up, the performance of Schlumberger Ltd. (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.
