Stocks of Schlumberger Limited (NYSE:SLB) traded higher last session on Wall Street, down -1.27% to $60.43.
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 $77.00 and a low of $56.00, we find $67.00. Given the previous closing price of $61.21, this indicates a potential upside of 9.46 percent. SLB stock price is now 3.65% away from the 50-day moving average and 15.19% away from the 200-day moving average. The market capitalization of the company currently stands at $87.33B.
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 $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 $19.63 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 $2.23 million. Insiders disposed of 1,113,012 shares of company stock worth roughly $67.26 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 $360,827,000. WESTWOOD HOLDINGS GROUP INC invested $38,635,000 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 $34,717,000. AKARIS GLOBAL PARTNERS, LP acquired a new stake in SLB for approximately $33,545,000. AUSTRALIANSUPER PTY LTD purchased a new stake in SLB valued at around $30,215,000 in the second quarter. In total, there are 1,905 active investors with 85.80% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $61.70 for Schlumberger Limited (NYSE: SLB). During the past 12 months, Schlumberger Limited has had a low of $33.80 and a high of $62.12. 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 $96.02B, which is based on a 22.13 price-to-earnings ratio, a 0.68 price-to-earnings-growth ratio, and a beta of 1.82. The fifty day moving average price for SLB is $58.44 and a two-hundred day moving average price translates $52.50 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 1.65% 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%.
