In yesterday’s Wall Street session, Schlumberger Limited (NYSE:SLB) shares traded at $57.67, down -0.53% from the previous session.
As of this writing, 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 $73.00 and a low of $56.00, we find $65.50. Given the previous closing price of $57.98, this indicates a potential upside of 12.97 percent. SLB stock price is now 13.10% away from the 50-day moving average and 12.48% away from the 200-day moving average. The market capitalization of the company currently stands at $82.40B.
There are 2 analysts who have given it a hold rating, whereas 25 have given it a buy rating. Brokers who have rated the stock have averaged $66.00 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, Beumelburg Katharina, Chief Sustainability Officer sold 5,500 shares of the company’s stock on Aug 03. The stock was sold for $318,340 at an average price of $57.88. Upon completion of the transaction, the Chief Sustainability Officer now directly owns 931 shares in the company, valued at $53690.77. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 31, EVP & CFO Biguet Stephane sold 6,250 shares of the business’s stock. A total of $358,750 was realized by selling the stock at an average price of $57.40. This leaves the insider owning 194,765 shares of the company worth $11.23 million. Insiders disposed of 1,056,707 shares of company stock worth roughly $60.94 million over the past 1 year. A total of 0.20% 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 CASTLE HOOK PARTNERS LP during the first quarter worth $76,618,000. CANOE FINANCIAL LP invested $43,876,000 in shares of SLB during the first quarter. In the first quarter, ZURICH INSURANCE GROUP LTD/FI acquired a new stake in Schlumberger Limited valued at approximately $40,103,000. STEADFAST CAPITAL MANAGEMENT LP acquired a new stake in SLB for approximately $37,774,000. WESTWOOD HOLDINGS GROUP INC purchased a new stake in SLB valued at around $36,871,000 in the second quarter. In total, there are 1,905 active investors with 85.80% ownership of the company’s stock.
During the past 12 months, Schlumberger Limited has had a low of $33.43 and a high of $59.45. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 1.30, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $92.02B, which is based on a 21.12 price-to-earnings ratio, a 0.65 price-to-earnings-growth ratio, and a beta of 1.83. The fifty day moving average price for SLB is $51.22 and a two-hundred day moving average price translates $51.34 for the stock.
The latest earnings results from Schlumberger Limited (NYSE: SLB) was released for Jun, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.72, beating analysts’ expectations of $0.71 by 0.01. This compares to $0.67 EPS in the same period last year. The net profit margin was 12.60% and return on equity was 22.00% for SLB. The company reported revenue of $8.1 billion for the quarter, compared to $6.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.58 percent. For the current quarter, analysts expect SLB to generate $8.35B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/12/2023. Investors who held shares on 09/06/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 1.73% percent yield. There was an ex-dividend date of 09/05/2023 for this dividend. In terms of dividend payout ratio, SLB is presently at 30.70%.
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.
