In Friday’s Wall Street session, Schlumberger Ltd (NYSE:SLB) shares traded at $41.74, down -2.02% from the previous session.
SLB stock price is now 3.59% away from the 50-day moving average and -3.90% away from the 200-day moving average. The market capitalization of the company currently stands at $56.76B.
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, Rando Bejar Carmen, Chief People Officer sold 5,524 shares of the company’s stock on Jan 31 ’25. The stock was sold for $223,252 at an average price of $40.41. Upon completion of the transaction, the Chief People Officer now directly owns 30,829 shares in the company, valued at $1.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 31 ’25, Officer Rando Bejar Carmen bought 5,524 shares of the business’s stock. A total of $223,252 was incurred on buying the stock at an average price of $40.41. 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 $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.
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.
