Stocks of Schlumberger Ltd (NYSE:SLB) traded higher last session on Wall Street, down -2.79% to $33.76.
SLB stock price is now -11.38% away from the 50-day moving average and -18.38% away from the 200-day moving average. The market capitalization of the company currently stands at $45.92B.
With the price target maintained at $44, Wells Fargo recently Upgraded its rating from Equal Weight to Overweight for Schlumberger Ltd (NYSE: SLB). On January 21, 2025, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $53 to quote $55, while ‘Evercore ISI’ rates the stock as ‘In-line’
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 $1.05 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 0.21% of the company’s stock is owned by insiders.
During the past 12 months, Schlumberger Ltd has had a low of $31.11 and a high of $50.94. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 1.24, and a quick ratio of 0.93.
The net profit margin was 11.61% and return on equity was 20.82% for SLB. The company reported revenue of $8.49 billion for the quarter, compared to $8.71 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.49 percent.
