Risk-Taking Investors May Find Schlumberger Ltd. (NYSE: SLB) Worth A Gamble.

In the last trading session, 4.87 million shares of the Schlumberger Ltd. (NYSE:SLB) were traded, and its beta was 1.61. Most recently the company’s share price was $55.22, and it changed around $0.41 or 0.75% from the last close, which brings the market valuation of the company to $79.12B. SLB currently trades at a discount to its 52-week high of $62.12, offering almost -12.5% off that amount. The share price’s 52-week low was $42.73, which indicates that the current value has risen by an impressive 22.62% since then. We note from Schlumberger Ltd.’s average daily trading volume that its 10-day average is 8.11 million shares, with the 3-month average coming to 11.46 million.

Schlumberger Ltd. stock received a consensus recommendation rating of Buy, based on a mean score of 1.31. If we narrow it down even further, the data shows that 0 out of 37 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 11 recommended SLB as a Hold, whereas 19 deemed it a Buy, and 0 rated it as Underweight. Schlumberger Ltd. is expected to report earnings per share of $0.75 for the current quarter.

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Schlumberger Ltd. (NYSE:SLB) trade information

Instantly SLB has showed a green trend with a performance of 0.75% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently up 6.11% year-to-date, but still up 2.28% over the last five days. On the other hand, Schlumberger Ltd. (NYSE:SLB) is 14.26% up in the 30-day period. We can see from the shorts that 21.11 million shares have been sold at a short interest cover period of 2.41 day(s).

The consensus price target as assigned by Wall Street analysts is $51.98, which translates to bulls needing to decrease their stock price by -6.23% from its current value. Analyst projections state that SLB is forecast to be at a low of $43 and a high of $81.

Schlumberger Ltd. (SLB) estimates and forecasts

Schlumberger Ltd. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -9.39 percent over the past six months and at a 18.79% annual growth rate that is well above the industry average of 6.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 19.00% in revenue this quarter, and will report an increase of 18.10% in the next quarter. The year-over-year growth rate is expected to be 21.30%, up from the previous year.

Consensus estimates provided by 18 financial analysts predict the company will bring in an average of $8.7 billion in revenue for the current quarter. 18 analysts expect Schlumberger Ltd. to make $9.1 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $7.74 billion and $8.1 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.40%. Forecasts for the next quarter put sales growth at 12.30%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 13.74%. Schlumberger Ltd. earnings are expected to increase by 18.69% in 2024, but the outlook is positive 19.70% per year for the next five years.

SLB Dividends

Schlumberger Ltd.’s next quarterly earnings report is expected to be released around April 19 and April 23. The annual dividend yield of the stock is 1.86 percent and its annual dividend per share was 1.02. It is important to note, however, that the 1.86% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Schlumberger Ltd. (NYSE:SLB)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.21% of Schlumberger Ltd. shares, and 83.59% of them are in the hands of institutional investors. The stock currently has a share float of 83.77%. Schlumberger Ltd. stock is held by 2,021 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 9.09% of the shares, which is about 129.12 million shares worth $6.34 billion.

Blackrock Inc., with 7.52% or 106.82 million shares worth $5.25 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select were the top two Mutual Funds as of Jun 29, 2023. The former held 44.45 million shares worth $2.18 billion, making up 3.13% of all outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held roughly 34.6 million shares worth around $2.04 billion, which represents about 2.43% of the total shares outstanding.