In yesterday’s Wall Street session, Schlumberger Ltd (NYSE:SLB) shares traded at $41.32, down -2.87% from the previous session.
SLB stock price is now 0.83% away from the 50-day moving average and -6.43% away from the 200-day moving average. The market capitalization of the company currently stands at $57.88B.
With the price target enhanced from $53 to $55, TD Cowen maintained Buy rating for Schlumberger Ltd (NYSE: SLB). On January 15, 2025, Evercore ISI Downgraded its previous ‘Outperform’ rating to ‘In-line’ on the stock reducing its target price from $62 to quote $44, while ‘Griffin Securities’ rates the stock as ‘Neutral’
In other news, Ralston Dianne B., Chief Legal Officer & Sec sold 43,161 shares of the company’s stock on Jan 21 ’25. The stock was sold for $1,897,358 at an average price of $43.96. Upon completion of the transaction, the Chief Legal Officer & Sec now directly owns 235,024 shares in the company, valued at $9.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 21 ’25, Director, M&A Kasibhatla Vijay sold 25,000 shares of the business’s stock. A total of $1,098,500 was realized by selling the stock at an average price of $43.94. This leaves the insider owning 49,595 shares of the company worth $2.05 million. A total of 0.23% of the company’s stock is owned by insiders.
During the past 12 months, Schlumberger Ltd has had a low of $36.52 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 1.45, and a quick ratio of 1.11. According to the stock market information, the enterprise value for the company is $67756421120, which is based on a 13.29 price-to-earnings ratio, a 1.98 price-to-earnings-growth ratio, and a beta of 1.53. The fifty day moving average price for SLB is $40.9804 and a two-hundred day moving average price translates $44.15805 for the stock.
The latest earnings results from Schlumberger Ltd (NYSE: SLB) was released for 2024-09-30. The net profit margin was 12.29% and return on equity was 21.59% 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.
