The stock of Schlumberger Ltd. (NYSE: SLB) has increased by 0.17 when compared to last closing price of 47.58. Despite this, the company has experienced a -3.13% fall in its stock price over the last five trading sessions. MarketBeat reported 2024-04-30 that The oilfield services industry is in a supercycle that has yet to play out. However, the Q1 results aligned with expectations and failed to spur individual names to new highs.
Is It Worth Investing in Schlumberger Ltd. (NYSE: SLB) Right Now?
The price-to-earnings ratio for Schlumberger Ltd. (NYSE: SLB) is 15.87x, 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 1.97% of that float. On May 06, 2024, SLB’s average trading volume was 9.58M shares.
SLB’s Market Performance
SLB’s stock has seen a -3.13% decrease for the week, with a -12.18% drop in the past month and a -2.73% fall in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 2.41% for Schlumberger Ltd. The simple moving average for the past 20 days is -6.21% for SLB’s stock, with a -11.68% simple moving average for the past 200 days.
Analysts’ Opinion of SLB
Many brokerage firms have already submitted their reports for SLB stocks, with Wells Fargo repeating the rating for SLB by listing it as a “Equal Weight.” The predicted price for SLB in the upcoming period, according to Wells Fargo is $53 based on the research report published on April 29, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see SLB reach a price target of $63, previously predicting the price at $64. The rating they have provided for SLB stocks is “Buy” according to the report published on April 22nd, 2024.
Societe Generale gave a rating of “Buy” to SLB, setting the target price at $81 in the report published on October 09th of the previous year.
SLB Trading at -7.54% 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 -23.28% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares sank -13.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.25% lower at present.
During the last 5 trading sessions, SLB fell by -3.13%, which changed the moving average for the period of 200-days by -16.91% in comparison to the 20-day moving average, which settled at $50.45. In addition, Schlumberger Ltd. saw -8.42% 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 0.16. Equity return is now at value 22.35, with 9.46 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 11.55.
Currently, EBITDA for the company is 7.59 billion with net debt to EBITDA at 1.25. When we switch over and look at the enterprise to sales, we see a ratio of 2.27. 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
To wrap up, the performance of Schlumberger Ltd. (SLB) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
