Stocks of Schlumberger Ltd (NYSE:SLB) traded higher last session on Wall Street, down -4.72% to $33.14.
SLB stock price is now -18.89% away from the 50-day moving average and -22.14% away from the 200-day moving average. The market capitalization of the company currently stands at $45.07B.
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, Raman Aparna, Chief Strategy & Mktg Officer sold 25,133 shares of the company’s stock on Mar 28 ’25. The stock was sold for $1,062,623 at an average price of $42.28. Upon completion of the transaction, the Chief Strategy & Mktg Officer now directly owns 31,031 shares in the company, valued at $1.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 28 ’25, Officer Raman Aparna bought 25,133 shares of the business’s stock. A total of $1,062,553 was incurred on buying the stock at an average price of $42.28. A total of 0.22% of the company’s stock is owned by insiders.
During the past 12 months, Schlumberger Ltd has had a low of $34.04 and a high of $55.65. 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 $58234576896, which is based on a 10.66 price-to-earnings ratio, a 1.80 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for SLB is $40.8604 and a two-hundred day moving average price translates $42.5645 for the stock.
The latest earnings results from Schlumberger Ltd (NYSE: SLB) was released for 2024-12-31. The net profit margin was 12.29% and return on equity was 21.59% for SLB. The company reported revenue of $9.28 billion for the quarter, compared to $8.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.27 percent.
