Schlumberger Ltd. (NYSE: SLB)’s stock price has increased by 1.27 compared to its previous closing price of 39.80. However, the company has seen a -0.78% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-09-13 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Is It Worth Investing in Schlumberger Ltd. (NYSE: SLB) Right Now?
Schlumberger Ltd. (NYSE: SLB) has a price-to-earnings ratio that is above its average at 13.18x. The stock has a 36-month beta value of 1.54. Opinions on the stock are mixed, 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 1.42B, and at present, short sellers hold a 2.75% of that float. On September 13, 2024, the average trading volume of SLB was 9.86M shares.
SLB’s Market Performance
The stock of Schlumberger Ltd. (SLB) has seen a -0.78% decrease in the past week, with a -7.94% drop in the past month, and a -8.00% fall in the past quarter. The volatility ratio for the week is 2.73%, and the volatility levels for the past 30 days are at 2.08% for SLB. The simple moving average for the past 20 days is -6.27% for SLB’s stock, with a -16.90% simple moving average for the past 200 days.
Analysts’ Opinion of SLB
Many brokerage firms have already submitted their reports for SLB stocks, with TD Cowen repeating the rating for SLB by listing it as a “Buy.” The predicted price for SLB in the upcoming period, according to TD Cowen is $64 based on the research report published on July 22, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see SLB reach a price target of $53, previously predicting the price at $68. The rating they have provided for SLB stocks is “Equal Weight” according to the report published on April 29th, 2024.
TD Cowen gave a rating of “Buy” to SLB, setting the target price at $63 in the report published on April 22nd of the current year.
SLB Trading at -10.61% 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 -35.02% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 2.73%, as shares sank -10.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.56% lower at present.
During the last 5 trading sessions, SLB fell by -0.49%, which changed the moving average for the period of 200-days by -23.08% in comparison to the 20-day moving average, which settled at $42.77. In addition, Schlumberger Ltd. saw -22.55% 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 Biguet Stephane, who sale 50,048 shares at the price of $49.94 back on Jul 22 ’24. After this action, Biguet Stephane now owns 203,076 shares of Schlumberger Ltd., valued at $2,499,397 using the latest closing price.
Al Mogharbel Khaled, the EVP, Geographies of Schlumberger Ltd., sale 120,668 shares at $50.19 during a trade that took place back on Jul 22 ’24, which means that Al Mogharbel Khaled is holding 247,699 shares at $6,056,484 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 22.26, with 9.38 for asset returns.
Based on Schlumberger Ltd. (SLB), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 11.86.
Currently, EBITDA for the company is 7.59 billion with net debt to EBITDA at 1.34. When we switch over and look at the enterprise to sales, we see a ratio of 1.92. The receivables turnover for the company is 4.09for 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 1.49.
Conclusion
To sum up, Schlumberger Ltd. (SLB) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
