Stocks of SLB (NYSE:SLB) traded higher last session on Wall Street, up 0.65% to $54.35.
According to the data, SLB (NYSE:SLB) has 28 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 $81.00 and a low of $62.00, we find $70.00. Given the previous closing price of $54.00, this indicates a potential upside of 29.63 percent. SLB stock price is now -6.62% away from the 50-day moving average and 1.98% away from the 200-day moving average. The market capitalization of the company currently stands at $77.64B.
A total of 1 analysts have issued a hold rating and 23 have given it a buy rating. Brokers who have rated the stock have averaged $70.00 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 $9.57 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 $1.57 million. Insiders disposed of 1,091,165 shares of company stock worth roughly $59.3 million over the past 1 year. A total of 0.22% of the company’s stock is owned by insiders.
Tuesday’s opening bell rang with an opening price of $54.18 for SLB (NYSE: SLB). 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 $86.55B, which is based on a 18.87 price-to-earnings ratio, a 0.66 price-to-earnings-growth ratio, and a beta of 1.77. The fifty day moving average price for SLB is $58.20 and a two-hundred day moving average price translates $53.30 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 $0.78, beating analysts’ expectations of $0.77 by 0.01. 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 $8.97B in revenue.
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.