In the latest trading session, 3.16 million Schlumberger Limited (NYSE:SLB) shares changed hands as the company’s beta touched 2.41. With the company’s most recent per share price at $32.91 changed hands at -$0.21 or -0.63% at last look, the market valuation stands at $48.06B. SLB’s current price is a discount, trading about -12.03% off its 52-week high of $36.87. The share price had its 52-week low at $13.70, which suggests the last value was 58.37% up since then. When we look at Schlumberger Limited’s average trading volume, we note the 10-day average is 13.54 million shares, with the 3-month average coming to 13.16 million.
Analysts gave the Schlumberger Limited (SLB) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.10. If we narrow down to specifics, the data shows that 0 out of 29 analysts rate the stock as a Sell, with a further 4 assigning it an Overweight rating. Of the remaining, 5 recommended SLB as a Hold, 20 felt it is a Buy and 0 rated the stock as Underweight. Schlumberger Limited’s EPS for the current quarter is expected to be $0.26.
Schlumberger Limited (NYSE:SLB) trade information
Instantly SLB was in red as seen in intraday trades today. With action -2.73%, the performance over the past five days has been red. The drop to weekly highs of 34.66 on Monday, 06/21/21 subtracted -0.63% to the stock’s daily price. The company’s shares are showing year-to-date upside of 51.72%, with the 5-day performance at -2.73% in the red. However, in the 30-day time frame, Schlumberger Limited (NYSE:SLB) is 4.25% up. Looking at the short shares, we see there were 25.88 million shares sold at short interest cover period of 1.89 days.
The consensus price target for the stock as assigned by Wall Street analysts is $33.38, meaning bulls need an upside of 1.41% from its recent market value. According to analyst projections, SLB’s forecast low is $23.00 with $44.00 as the target high. To hit the forecast high, the stock’s price needs a -33.7% plunge from its current level, while the stock would need to tank 30.11% for it to hit the projected low.
Schlumberger Limited (SLB) estimates and forecasts
Data shows that the Schlumberger Limited share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 44.44% over the past 6 months, a 64.71% in annual growth rate that is considerably higher than the industry average of 31.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Schlumberger Limited will rise 420.00%, while the growth in revenue is estimated to hit 93.80% for the next quarter. Year-over-year growth is forecast to reach -4.40% down from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of $5.5 billion. 17 analysts are of the opinion that Schlumberger Limited’s revenue for the quarter ending Sep 2021 will be $5.82 billion. The company’s revenue for the corresponding quarters a year ago was $5.36 billion and $5.38 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.70%. The estimates for the next quarter sales put growth at 8.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -46.10%. The 2021 estimates are for Schlumberger Limited earnings to decrease by -3.40%, but the outlook for the next 5-year period is at 49.60% per year.
Schlumberger Limited is expected to release its next quarterly earnings report in July. The 1.51% annual yield figure for the share gives it an annual dividend of 0.50. It is important to note, however, that the 1.51% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.20 per year.
Schlumberger Limited (NYSE:SLB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.11% of Schlumberger Limited shares while 77.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.03%. There are 77.94% institutions holding the Schlumberger Limited stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 8.49% of the shares, roughly 118.68 million SLB shares worth $3.23 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.82% or 109.41 million shares worth $2.97 billion as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. With 39.3 million shares estimated at $1.07 billion under it, the former controlled 2.81% of total outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held about 2.71% of the shares, roughly 37.93 million shares worth around $1.19 billion.