Stocks of Schlumberger Ltd (NYSE:SLB) traded higher last session on Wall Street, up 0.53% to $34.01.
SLB stock price is now -1.31% away from the 50-day moving average and -13.71% away from the 200-day moving average. The market capitalization of the company currently stands at $46.26B.
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. According to the stock market information, the enterprise value for the company is $57695096832, which is based on a 11.54 price-to-earnings ratio, a 3.14 price-to-earnings-growth ratio, and a beta of 1.02. The fifty day moving average price for SLB is $34.462 and a two-hundred day moving average price translates $39.4142 for the stock.
The latest earnings results from Schlumberger Ltd (NYSE: SLB) was released for 2025-03-31. 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.
