Schlumberger Ltd. (NYSE: SLB) has experienced a decline in its stock price by -3.70 compared to its previous closing price of 54.00. However, the company has seen a fall of -5.51% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-12 that Schlumberger (SLB) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Schlumberger Ltd. (NYSE: SLB) Right Now?
Schlumberger Ltd. (NYSE: SLB) has a higher price-to-earnings ratio of 17.86x compared to its average ratio, The 36-month beta value for SLB is at 1.62. Analysts have varying views on the stock, with 19 analysts rating it as a “buy,” 7 rating it as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for SLB is 1.42B, and currently, shorts hold a 1.37% of that float. The average trading volume for SLB on April 15, 2024 was 11.18M shares.
SLB’s Market Performance
SLB stock saw a decrease of -5.51% in the past week, with a monthly decline of -1.08% and a quarterly a decrease of 6.56%. The volatility ratio for the week is 2.89%, and the volatility levels for the last 30 days are 2.15% for Schlumberger Ltd. (SLB).. The simple moving average for the past 20 days is -4.18% for SLB’s stock, with a -4.04% 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 1.71% 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 -16.29% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares sank -2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.78% upper at present.
During the last 5 trading sessions, SLB fell by -5.51%, which changed the moving average for the period of 200-days by +8.02% in comparison to the 20-day moving average, which settled at $54.21. In addition, Schlumberger Ltd. saw -0.08% in overturn over a single year, with a tendency to cut further losses.
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 2.51. 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
In conclusion, Schlumberger Ltd. (SLB) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
