The stock of Schlumberger Ltd. (SLB) has gone down by -2.21% for the week, with a -5.05% drop in the past month and a -9.94% drop in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are 2.50% for SLB. The simple moving average for the last 20 days is 1.28% for SLB stock, with a simple moving average of -12.61% for the last 200 days.
Is It Worth Investing in Schlumberger Ltd. (NYSE: SLB) Right Now?
The price-to-earnings ratio for Schlumberger Ltd. (NYSE: SLB) is above average at 13.72x, Company’s 36-month beta value is 1.53.Analysts have differing opinions 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 1.42B, and currently, short sellers hold a 2.73% ratio of that floaft. The average trading volume of SLB on October 01, 2024 was 10.32M shares.
SLB) stock’s latest price update
Schlumberger Ltd. (NYSE: SLB)’s stock price has decreased by -0.80 compared to its previous closing price of 42.29. However, the company has seen a -2.21% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-09-30 that HOUSTON–(BUSINESS WIRE)–SLB (NYSE: SLB) will hold a conference call on October 18, 2024, to discuss the results for the third quarter ending September 30, 2024. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approxima.
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 -4.53% 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 -31.69% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares sank -4.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.54% lower at present.
During the last 5 trading sessions, SLB fell by -2.21%, which changed the moving average for the period of 200-days by -14.46% in comparison to the 20-day moving average, which settled at $41.32. In addition, Schlumberger Ltd. saw -19.39% 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 1.99. 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
In a nutshell, Schlumberger Ltd. (SLB) has experienced a bad performance in recent times. The stock has received mixed “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.
