Does Schlumberger Limited (NYSE:SLB) warrant a purchase right now? What to Consider Before Making a Decision

Schlumberger Limited (NYSE:SLB) shares traded -1.41% lower at $47.45 on Wall Street last session.

In accordance with the data, 32 analysts cover Schlumberger Limited (NYSE:SLB). 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 $48.13, this indicates a potential upside of 35.05 percent. SLB stock price is now -0.63% away from the 50-day moving average and -2.40% away from the 200-day moving average. The market capitalization of the company currently stands at $65.04B.

It has been rated a hold by 2 analysts and a buy by 25. Brokers who have rated the stock have averaged $65.15 as their price target over the next twelve months.

With the price target of $63, CapitalOne recently initiated with Overweight rating for Schlumberger Limited (NYSE: SLB).

In other news, Biguet Stephane, EVP & CFO sold 6,250 shares of the company’s stock on May 30. The stock was sold for $273,125 at an average price of $43.70. Upon completion of the transaction, the EVP & CFO now directly owns 207,265 shares in the company, valued at $9.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 24, EVP & CFO Biguet Stephane sold 6,250 shares of the business’s stock. A total of $309,750 was realized by selling the stock at an average price of $49.56. This leaves the insider owning 213,515 shares of the company worth $10.13 million. Insiders disposed of 1,042,883 shares of company stock worth roughly $49.48 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 $1,729,954,000. CASTLE HOOK PARTNERS LP invested $63,040,000 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 $36,101,000. TODD ASSET MANAGEMENT LLC acquired a new stake in SLB for approximately $33,872,000. EAM INVESTORS, LLC purchased a new stake in SLB valued at around $33,284,000 in the second quarter. In total, there are 1,911 active investors with 85.80% ownership of the company’s stock.

Schlumberger Limited (NYSE: SLB) opened at $48.25 on Thursday. 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 $77.97B, which is based on a 17.69 price-to-earnings ratio, a 0.54 price-to-earnings-growth ratio, and a beta of 1.79. The fifty day moving average price for SLB is $47.75 and a two-hundred day moving average price translates $48.67 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 06/07/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 2.11% percent yield. There was an ex-dividend date of 06/06/2023 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.