The price-to-earnings ratio for Schlumberger Ltd (NYSE: SLB) is above average at 12.80x, 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.”
The public float for SLB is 1.41B, and currently, short sellers hold a 2.75% ratio of that floaft. The average trading volume of SLB on November 04, 2024 was 11.54M shares.
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SLB) stock’s latest price update
The stock price of Schlumberger Ltd (NYSE: SLB) has dropped by -0.77 compared to previous close of 40.07. Despite this, the company has seen a fall of -4.74% in its stock price over the last five trading days. zacks.com reported 2024-10-31 that SLB’s OneSubsea and BP partner to deploy advanced subsea boosting systems for improved resource recovery in the Gulf of Mexico’s Kaskida project.
SLB’s Market Performance
Schlumberger Ltd (SLB) has experienced a -4.74% fall in stock performance for the past week, with a -11.43% drop in the past month, and a -9.16% drop in the past quarter. The volatility ratio for the week is 2.15%, and the volatility levels for the past 30 days are at 2.11% for SLB. The simple moving average for the past 20 days is -6.65% for SLB’s stock, with a -15.36% 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 $65 based on the research report published on October 21, 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 $64, previously predicting the price at $62. The rating they have provided for SLB stocks is “Buy” according to the report published on July 22nd, 2024.
Wells Fargo gave a rating of “Equal Weight” to SLB, setting the target price at $53 in the report published on April 29th of the current year.
SLB Trading at -6.37% 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 -31.15% of loss for the given period.
Volatility was left at 2.11%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares sank -12.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.88% lower at present.
During the last 5 trading sessions, SLB fell by -4.74%, which changed the moving average for the period of 200-days by -18.12% in comparison to the 20-day moving average, which settled at $42.59. In addition, Schlumberger Ltd saw -23.60% 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 60,000 shares at the price of $41.90 back on Oct 24 ’24. After this action, Merad Abdellah now owns 211,937 shares of Schlumberger Ltd, valued at $2,514,000 using the latest closing price.
Merad Abdellah, the Officer of Schlumberger Ltd, proposed sale 60,000 shares at $41.90 during a trade that took place back on Oct 24 ’24, which means that Merad Abdellah is holding shares at $2,514,000 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 0.12. The total capital return value is set at 0.17. Equity return is now at value 21.90, with 9.37 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 0.56. The debt to equity ratio resting at 0.6. The interest coverage ratio of the stock is 12.08.
Currently, EBITDA for the company is 7.59 billion with net debt to EBITDA at 1.26. When we switch over and look at the enterprise to sales, we see a ratio of 1.83. The receivables turnover for the company is 4.36for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
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.
