The stock of Schlumberger Limited (NYSE:SLB) last traded at $62.10, up 2.19% from the previous session.
Data from the available sources indicates that Schlumberger Limited (NYSE:SLB) is covered by 31 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $77.00 and a low of $56.00, we find $67.00. Given the previous closing price of $60.77, this indicates a potential upside of 10.25 percent. SLB stock price is now 8.59% away from the 50-day moving average and 18.94% away from the 200-day moving average. The market capitalization of the company currently stands at $89.22B.
In total, 2 analysts have assigned it a hold rating, and 25 have given it a buy rating. Brokers who have rated the stock have averaged $67.11 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, Al Mogharbel Khaled, EVP, Geographies sold 30,000 shares of the company’s stock on Sep 05. The stock was sold for $1,807,260 at an average price of $60.24. Upon completion of the transaction, the EVP, Geographies now directly owns 324,867 shares in the company, valued at $20.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30, Chief Technology Officer Pafitis Demosthenis sold 60,000 shares of the business’s stock. A total of $3,529,800 was realized by selling the stock at an average price of $58.83. This leaves the insider owning 36,858 shares of the company worth $2.29 million. Insiders disposed of 1,113,012 shares of company stock worth roughly $69.12 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 SANDERS CAPITAL, LLC during the first quarter worth $370,798,000. WESTWOOD HOLDINGS GROUP INC invested $39,703,000 in shares of SLB during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in Schlumberger Limited valued at approximately $35,676,000. AKARIS GLOBAL PARTNERS, LP acquired a new stake in SLB for approximately $34,472,000. AUSTRALIANSUPER PTY LTD purchased a new stake in SLB valued at around $31,050,000 in the second quarter. In total, there are 1,905 active investors with 85.80% ownership of the company’s stock.
With an opening price of $61.30 on Tuesday morning, Schlumberger Limited (NYSE: SLB) set off the trading day. During the past 12 months, Schlumberger Limited has had a low of $33.80 and a high of $61.40. 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 $96.51B, which is based on a 22.74 price-to-earnings ratio, a 0.70 price-to-earnings-growth ratio, and a beta of 1.83. The fifty day moving average price for SLB is $57.45 and a two-hundred day moving average price translates $52.26 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 1.61% 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.
