Schlumberger Limited (NYSE:SLB) has a beta value of 2.42 and has seen 6,876,706 shares traded in the recent trading session. The company, currently valued at $39.64 Billion, closed the recent trade at $28.39 per share which meant it gained $1.34 on the day or 4.94% during that session. The SLB stock price is -7.12% off its 52-week high price of $30.41 and 51.74% above the 52-week low of $13.7. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.09 Million shares traded. The 3-month trading volume is 14.75 Million shares.
The consensus among analysts is that Schlumberger Limited (SLB) is an Overweight stock at the moment, with a recommendation rating of 2.1. 1 analysts rate the stock as a Sell, while 2 rate it as Overweight. 6 out of 29 have rated it as a Hold, with 20 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.26.
Schlumberger Limited (NYSE:SLB) trade information
Sporting 4.94% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the SLB stock price touched $28.37- or saw a rise of 0.18%. Year-to-date, Schlumberger Limited shares have moved 29.73%, while the 5-day performance has seen it change 7.39%. Over the past 30 days, the shares of Schlumberger Limited (NYSE:SLB) have changed 0.78%. Short interest in the company has seen 23.06 Million shares shorted with days to cover at 1.56.
Wall Street analysts have a consensus price target for the stock at $30.6, which means that the shares’ value could jump 7.78% from the levels at last check today. The projected low price target is $18.1 while the price target rests at a high of $37. In that case, then, we find that the latest price level in today’s session is +30.33% off the targeted high while a plunge would see the stock lose -36.25% from the levels at last check today.
Schlumberger Limited (SLB) estimates and forecasts
Figures show that Schlumberger Limited shares have outperformed across the wider relevant industry. The company’s shares have gained +90.76% over the past 6 months, with this year growth rate of 60.29%, compared to 31.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 420% and 87.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be -4.4%.
17 analysts offering their estimates for the company have set an average revenue estimate of $5.49 Billion for the current quarter. 17 have an estimated revenue figure of $5.8 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $5.36 Billion and $5.38 Billion respectively for this quarter and the next, and analysts expect sales will grow by 2.6% for the current quarter and 7.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -46.1% over the past 5 years. Earnings growth for 2021 is a modest -3.4% while over the next 5 years, the company’s earnings are expected to increase by 41.84%.
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Schlumberger Limited is expected to release its next earnings report between July 22 and July 26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.5 at a share yield of 1.8%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.22%.
Schlumberger Limited (NYSE:SLB)’s Major holders
Insiders own 0.12% of the company shares, while shares held by institutions stand at 77.64% with a share float percentage of 77.73%. Investors are also buoyed by the number of investors in a company, with Schlumberger Limited having a total of 1499 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 115.34 Million shares worth more than $2.52 Billion. As of December 30, 2020, Vanguard Group, Inc. (The) held 8.25% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 97.01 Million shares as of December 30, 2020. The firm’s total holdings are worth over $2.12 Billion and represent 6.94% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. As of December 30, 2020, the former fund manager holds about 2.79% shares in the company for having 39071122 shares of worth $852.92 Million while later fund manager owns 36.95 Million shares of worth $1Billion as of March 30, 2021, which makes it owner of about 2.64% of company’s outstanding stock.