Schlumberger Ltd. (NYSE: SLB) has a higher price-to-earnings ratio of 16.59x 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 22, 2024 was 10.92M shares.
SLB) stock’s latest price update
Schlumberger Ltd. (NYSE: SLB)’s stock price has plunge by -2.14relation to previous closing price of 50.94. Nevertheless, the company has seen a -4.13% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-21 that Schlumberger announced their acquisition of ChampionX on April 1, 2024, adding significant upside potential to both firms by bringing production chemicals to the international market. Management increased their shareholder benefits from $2.5b to $3b for 2024 and $4b in 2025. International well development and domestic enhanced oil recovery and CCUS will drive growth for Schlumberger in 2024-2025.
SLB’s Market Performance
Schlumberger Ltd. (SLB) has experienced a -4.13% fall in stock performance for the past week, with a -8.36% drop in the past month, and a 0.42% rise in the past quarter. The volatility ratio for the week is 2.54%, and the volatility levels for the past 30 days are at 2.33% for SLB. The simple moving average for the last 20 days is -7.15% for SLB stock, with a simple moving average of -8.12% for the last 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 -3.01% 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 -19.75% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.54%, as shares sank -8.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.06% upper at present.
During the last 5 trading sessions, SLB fell by -4.13%, which changed the moving average for the period of 200-days by +1.12% in comparison to the 20-day moving average, which settled at $53.46. In addition, Schlumberger Ltd. saw -4.21% 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 21.69, with 9.46 for asset returns.
Based on Schlumberger Ltd. (SLB), the company’s capital structure generated 0.36 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 0.56. The interest coverage ratio of the stock is 11.78.
Currently, EBITDA for the company is 7.59 billion with net debt to EBITDA at 2.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.54. The receivables turnover for the company is 4.15for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
In conclusion, Schlumberger Ltd. (SLB) has had a bad 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.
