In yesterday’s Wall Street session, SLB (NYSE:SLB) shares traded at $57.00, down -3.13% from the previous session.
31 analysts cover SLB (NYSE:SLB), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $81.00 and a low of $62.00, we find $70.00. Given the previous closing price of $58.84, this indicates a potential upside of 18.97 percent. SLB stock price is now -3.41% away from the 50-day moving average and 6.74% away from the 200-day moving average. The market capitalization of the company currently stands at $81.01B.
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The stock has received a hold rating from 2 analysts and a buy rating from 25. Brokers who have rated the stock have averaged $69.82 as their price target over the next twelve months.
With the price target of $81, Societe Generale recently initiated with Buy rating for SLB (NYSE: SLB).
In other news, Biguet Stephane, EVP & CFO sold 6,250 shares of the company’s stock on Sep 25. The stock was sold for $368,312 at an average price of $58.93. Upon completion of the transaction, the EVP & CFO now directly owns 182,265 shares in the company, valued at $10.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05, EVP, Geographies Al Mogharbel Khaled sold 30,000 shares of the business’s stock. A total of $1,807,260 was realized by selling the stock at an average price of $60.24. This leaves the insider owning 324,867 shares of the company worth $18.52 million. Insiders disposed of 1,191,361 shares of company stock worth roughly $67.91 million over the past 1 year. A total of 0.22% 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 SLB shares was purchased by SANDERS CAPITAL, LLC during the first quarter worth $340,346,000. WESTWOOD HOLDINGS GROUP INC invested $36,442,000 in shares of SLB during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in SLB valued at approximately $32,746,000. AKARIS GLOBAL PARTNERS, LP acquired a new stake in SLB for approximately $31,641,000. AUSTRALIANSUPER PTY LTD purchased a new stake in SLB valued at around $28,500,000 in the second quarter. In total, there are 1,905 active investors with 82.51% ownership of the company’s stock.
On Tuesday morning SLB (NYSE: SLB) stock kicked off with the opening price of $58.94. During the past 12 months, SLB has had a low of $42.73 and a high of $62.12. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 1.36, and a quick ratio of 1.02. According to the stock market information, the enterprise value for the company is $91.25B, which is based on a 19.79 price-to-earnings ratio, a 0.61 price-to-earnings-growth ratio, and a beta of 1.78. The fifty day moving average price for SLB is $58.96 and a two-hundred day moving average price translates $53.41 for the stock.
The latest earnings results from SLB (NYSE: SLB) was released for Sep, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.74, beating analysts’ expectations of $0.72 by 0.02. This compares to $0.67 EPS in the same period last year. The net profit margin was 12.98% and return on equity was 22.52% 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 01/11/2024. Investors who held shares on 12/06/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $0.96 dividend and a 1.69% percent yield. There was an ex-dividend date of 12/05/2023 for this dividend. In terms of dividend payout ratio, SLB is presently at 27.14%.
