Is SLB (NYSE:SLB) being unfairly punished by investors?

In yesterday’s Wall Street session, SLB (NYSE:SLB) shares traded at $55.83, down -0.07% 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 $55.87, this indicates a potential upside of 25.29 percent. SLB stock price is now -5.19% away from the 50-day moving average and 4.52% away from the 200-day moving average. The market capitalization of the company currently stands at $79.75B.

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, de La Chevardiere Patrick, Director sold 500 shares of the company’s stock on Oct 24. The stock was sold for $28,880 at an average price of $57.76. Upon completion of the transaction, the Director now directly owns 28,810 shares in the company, valued at $1.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 25, EVP & CFO Biguet Stephane sold 6,250 shares of the business’s stock. A total of $368,312 was realized by selling the stock at an average price of $58.93. This leaves the insider owning 182,265 shares of the company worth $10.18 million. Insiders disposed of 1,191,361 shares of company stock worth roughly $66.51 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 $333,360,000. WESTWOOD HOLDINGS GROUP INC invested $35,694,000 in shares of SLB during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in SLB valued at approximately $32,074,000. AKARIS GLOBAL PARTNERS, LP acquired a new stake in SLB for approximately $30,991,000. WALLEYE CAPITAL LLC purchased a new stake in SLB valued at around $26,742,000 in the second quarter. In total, there are 1,905 active investors with 82.15% ownership of the company’s stock.

On Friday morning SLB (NYSE: SLB) stock kicked off with the opening price of $56.00. 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 0.68, 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 $89.16B, which is based on a 19.39 price-to-earnings ratio, a 0.68 price-to-earnings-growth ratio, and a beta of 1.78. The fifty day moving average price for SLB is $58.85 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 $0.63 EPS in the same period last year. The net profit margin was 12.97% and return on equity was 22.71% for SLB. The company reported revenue of $8.31 billion for the quarter, compared to $7.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.14 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 1.72% 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%.

SLB(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.