Could SLB (SLB) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, SLB (NYSE:SLB) shares traded at $52.93, down -0.75% from the previous session.

As of this writing, 28 analysts cover SLB (NYSE:SLB). 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 $53.33, this indicates a potential upside of 31.26 percent. SLB stock price is now -9.78% away from the 50-day moving average and -0.81% away from the 200-day moving average. The market capitalization of the company currently stands at $75.61B.

There are 1 analysts who have given it a hold rating, whereas 23 have given it a buy rating. Brokers who have rated the stock have averaged $70.04 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 Oct 30. The stock was sold for $352,000 at an average price of $56.32. Upon completion of the transaction, the EVP & CFO now directly owns 176,015 shares in the company, valued at $9.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 24, Director de La Chevardiere Patrick sold 500 shares of the business’s stock. A total of $28,880 was realized by selling the stock at an average price of $57.76. This leaves the insider owning 28,810 shares of the company worth $1.52 million. Insiders disposed of 1,157,000 shares of company stock worth roughly $61.24 million over the past 1 year. A total of 0.22% of the company’s stock is owned by insiders.

Wednesday morning saw SLB (NYSE: SLB) opened at $52.88. 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 $90.09B, which is based on a 18.38 price-to-earnings ratio, a 0.64 price-to-earnings-growth ratio, and a beta of 1.77. The fifty day moving average price for SLB is $58.67 and a two-hundred day moving average price translates $53.36 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.

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