In yesterday’s Wall Street session, Schlumberger Ltd (NYSE:SLB) shares traded at $43.18, down -0.14% from the previous session.
SLB stock price is now 2.29% away from the 50-day moving average and -7.65% away from the 200-day moving average. The market capitalization of the company currently stands at $60.89B.
With the price target reduced from $68 to $65, TD Cowen maintained Buy rating for Schlumberger Ltd (NYSE: SLB). On July 22, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $62 to quote $64, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Merad Abdellah, EVP, Core Services & Equipment sold 60,000 shares of the company’s stock on Oct 24 ’24. The stock was sold for $2,514,000 at an average price of $41.90. Upon completion of the transaction, the EVP, Core Services & Equipment now directly owns 211,937 shares in the company, valued at $9.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 24 ’24, Officer Merad Abdellah bought 60,000 shares of the business’s stock. A total of $2,514,000 was incurred on buying the stock at an average price of $41.90. A total of 0.19% of the company’s stock is owned by insiders.
During the past 12 months, Schlumberger Ltd has had a low of $38.66 and a high of $55.69. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 1.48, and a quick ratio of 1.12. According to the stock market information, the enterprise value for the company is $70707822592, which is based on a 13.90 price-to-earnings ratio, a 1.39 price-to-earnings-growth ratio, and a beta of 1.53. The fifty day moving average price for SLB is $42.2136 and a two-hundred day moving average price translates $46.75835 for the stock.
The latest earnings results from Schlumberger Ltd (NYSE: SLB) was released for 2024-09-30. The net profit margin was 12.44% and return on equity was 21.90% for SLB. The company reported revenue of $9.16 billion for the quarter, compared to $8.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.22 percent.
