Schlumberger Ltd. (NYSE: SLB)’s stock price has increased by 0.48 compared to its previous closing price of 45.46. However, the company has seen a 4.27% increase in its stock price over the last five trading sessions. youtube.com reported 2024-06-20 that The Investment Committee debate the energy sector as oil hits $80 a barrel.
Is It Worth Investing in Schlumberger Ltd. (NYSE: SLB) Right Now?
Schlumberger Ltd. (NYSE: SLB) has a higher price-to-earnings ratio of 15.21x compared to its average ratio. SLB has 36-month beta value of 1.56. Analysts have mixed views on the stock, with 19 analysts rating it as a “buy,” 7 as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for SLB is 1.43B, and currently, short sellers hold a 1.90% ratio of that float. The average trading volume of SLB on June 21, 2024 was 10.48M shares.
SLB’s Market Performance
SLB stock saw a decrease of 4.27% in the past week, with a monthly decline of -5.40% and a quarterly a decrease of -16.09%. The volatility ratio for the week is 2.66%, and the volatility levels for the last 30 days are 2.50% for Schlumberger Ltd. (SLB). The simple moving average for the last 20 days is 1.90% for SLB stock, with a simple moving average of -12.20% for the last 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 -3.93% 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 -26.46% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.66%, as shares sank -1.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.49% lower at present.
During the last 5 trading sessions, SLB rose by +4.55%, which changed the moving average for the period of 200-days by -23.92% in comparison to the 20-day moving average, which settled at $44.79. In addition, Schlumberger Ltd. saw -12.22% 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 Rando Bejar Carmen, who sale 4,980 shares at the price of $43.43 back on Jun 07 ’24. After this action, Rando Bejar Carmen now owns 22,518 shares of Schlumberger Ltd., valued at $216,281 using the latest closing price.
Rennick Gavin, the President New Energy of Schlumberger Ltd., sale 38,083 shares at $48.28 during a trade that took place back on May 22 ’24, which means that Rennick Gavin is holding 45,851 shares at $1,838,647 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 2.19. 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 put it simply, Schlumberger Ltd. (SLB) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
