Schlumberger Ltd (NYSE:SLB) shares traded 0.80% higher at $33.93 on Wall Street last session.
SLB stock price is now -6.67% away from the 50-day moving average and -16.07% away from the 200-day moving average. The market capitalization of the company currently stands at $46.15B.
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, de La Chevardiere Patrick, Director sold 5,000 shares of the company’s stock on May 22 ’25. The stock was sold for $167,900 at an average price of $33.58. Upon completion of the transaction, the Director now directly owns 23,525 shares in the company, valued at $0.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’25, Director de La Chevardiere Patrick bought 5,000 shares of the business’s stock. A total of $167,900 was incurred on buying the stock at an average price of $33.58. 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 $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.
