Stocks of Schlumberger Limited (NYSE:SLB) traded higher last session on Wall Street, up 2.89% to $44.50.
According to the data, Schlumberger Limited (NYSE:SLB) has 31 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $55.00, we find $65.00. Given the previous closing price of $43.25, this indicates a potential upside of 50.29 percent. SLB stock price is now -8.39% away from the 50-day moving average and -7.07% away from the 200-day moving average. The market capitalization of the company currently stands at $63.53B.
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A total of 2 analysts have issued a hold rating and 25 have given it a buy rating. Brokers who have rated the stock have averaged $65.23 as their price target over the next twelve months.
With the price target enhanced from $48 to $66, UBS Upgraded its rating from Neutral to Buy for Schlumberger Limited (NYSE: SLB). On January 23, 2023, Susquehanna reiterated its ‘Positive’ rating on the stock by increasing its target price from $65 to quote $68, while ‘The Benchmark Company’ rates the stock as ‘Buy’.
In other news, Biguet Stephane, EVP & CFO sold 6,250 shares of the company’s stock on Apr 24. The stock was sold for $309,750 at an average price of $49.56. Upon completion of the transaction, the EVP & CFO now directly owns 213,515 shares in the company, valued at $9.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20, EVP & CFO Biguet Stephane sold 6,250 shares of the business’s stock. A total of $279,812 was realized by selling the stock at an average price of $44.77. This leaves the insider owning 219,765 shares of the company worth $9.78 million. Insiders disposed of 1,049,578 shares of company stock worth roughly $46.71 million over the past 1 year. A total of 0.19% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SLB stock. A new stake in Schlumberger Limited shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $1,622,402,000. CASTLE HOOK PARTNERS LP invested $59,121,000 in shares of SLB during the first quarter. In the first quarter, CANOE FINANCIAL LP acquired a new stake in Schlumberger Limited valued at approximately $33,856,000. TODD ASSET MANAGEMENT LLC acquired a new stake in SLB for approximately $31,766,000. EAM INVESTORS, LLC purchased a new stake in SLB valued at around $31,215,000 in the second quarter. In total, there are 1,911 active investors with 85.80% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $43.84 for Schlumberger Limited (NYSE: SLB). During the past 12 months, Schlumberger Limited has had a low of $30.65 and a high of $59.45. As of last week, the company has a debt-to-equity ratio of 0.71, a current ratio of 1.30, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $81.30B, which is based on a 16.59 price-to-earnings ratio, a 0.51 price-to-earnings-growth ratio, and a beta of 1.79. The fifty day moving average price for SLB is $48.38 and a two-hundred day moving average price translates $47.93 for the stock.
The latest earnings results from Schlumberger Limited (NYSE: SLB) was released for Mar, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.63, beating analysts’ expectations of $0.6 by 0.03. This compares to $0.36 EPS in the same period last year. The net profit margin was 12.90% and return on equity was 22.30% for SLB. The company reported revenue of $7.74 billion for the quarter, compared to $5.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.76 percent. For the current quarter, analysts expect SLB to generate $8.23B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/13/2023. Investors who held shares on 07/07/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 2.25% percent yield. There was an ex-dividend date of 07/06/2023 for this dividend. In terms of dividend payout ratio, SLB is presently at 28.50%.
Schlumberger Limited(SLB) Company Profile
Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; open and cased hole services; exploration and production pressure, and flow-rate measurement services; and pressure pumping, well stimulation, and coiled tubing equipment solutions. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well cementing products and services; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift production equipment and optimization services; supplies packers, safety valves, sand control technology, and various intelligent well completions technology and equipment; designs and manufactures valves, chokes, actuators, and surface trees; and OneSubsea an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. The company was formerly known as Socie´te´ de Prospection E´lectrique. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.
