Schlumberger Ltd. (NYSE:SLB) shares traded -0.44% lower at $54.07 on Wall Street last session.
SLB stock price is now 7.84% away from the 50-day moving average and 0.58% away from the 200-day moving average. The market capitalization of the company currently stands at $77.47B.
With the price target of $81, Societe Generale recently initiated with Buy rating for Schlumberger Ltd. (NYSE: SLB). On June 07, 2023, CapitalOne recently initiated its ‘Overweight’ rating on the stock quoting a target price of $63, while ‘UBS’ rates the stock as ‘Buy’
In other news, Merad Abdellah, EVP, Core Services & Equipment sold 50,000 shares of the company’s stock on Feb 26 ’24. The stock was sold for $2,426,000 at an average price of $48.52. Upon completion of the transaction, the EVP, Core Services & Equipment now directly owns 261,507 shares in the company, valued at $14.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 26 ’24, EVP & CFO Biguet Stephane sold 6,250 shares of the business’s stock. A total of $304,000 was realized by selling the stock at an average price of $48.64. This leaves the insider owning 242,932 shares of the company worth $13.14 million. A total of 0.21% of the company’s stock is owned by insiders.
During the past 12 months, Schlumberger Ltd. 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 0.62, a current ratio of 1.32, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $85.42B, which is based on a 18.58 price-to-earnings ratio, a 0.94 price-to-earnings-growth ratio, and a beta of 1.61. The fifty day moving average price for SLB is $50.22 and a two-hundred day moving average price translates $53.79 for the stock.
The latest earnings results from Schlumberger Ltd. (NYSE: SLB) was released for Dec, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.8, beating analysts’ expectations of $0.77 by 0.03. This compares to $0.73 EPS in the same period last year. The net profit margin was 12.69% and return on equity was 22.19% for SLB. The company reported revenue of $8.99 billion for the quarter, compared to $7.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.1 percent. For the current quarter, analysts expect SLB to generate $8.05B in revenue.
