In yesterday’s Wall Street session, SLB (NYSE:SLB) shares traded at $50.61, down -2.73% from the previous session.
28 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 $52.03, this indicates a potential upside of 34.54 percent. SLB stock price is now -9.62% away from the 50-day moving average and -4.73% away from the 200-day moving average. The market capitalization of the company currently stands at $72.29B.
The stock has received a hold rating from 1 analysts and a buy rating from 23. 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 Nov 27. The stock was sold for $327,750 at an average price of $52.44. Upon completion of the transaction, the EVP & CFO now directly owns 169,765 shares in the company, valued at $8.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 20, President New Energy Rennick Gavin sold 6,675 shares of the business’s stock. A total of $352,974 was realized by selling the stock at an average price of $52.88. This leaves the insider owning 39,958 shares of the company worth $2.02 million. Insiders disposed of 1,063,548 shares of company stock worth roughly $53.83 million over the past 1 year. A total of 0.19% of the company’s stock is owned by insiders.
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 $83.73B, which is based on a 17.58 price-to-earnings ratio, a 0.61 price-to-earnings-growth ratio, and a beta of 1.67. The fifty day moving average price for SLB is $55.99 and a two-hundred day moving average price translates $53.12 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.
