Schlumberger Ltd. (NYSE: SLB): Can The Stock Still Lose Despite An -2.11% YTD Loss?

Schlumberger Ltd. (NYSE:SLB)’s traded shares stood at 8.41 million during the last session, with the company’s beta value hitting 1.62. At the close of trading, the stock’s price was $50.94, to imply an increase of 0.26% or $0.13 in intraday trading. The SLB share’s 52-week high remains $62.12, putting it -21.95% down since that peak but still an impressive 16.12% since price per share fell to its 52-week low of $42.73. The company has a valuation of $72.49B, with an average of 11.00 million shares over the past 3 months.

Schlumberger Ltd. (NYSE:SLB) trade information

After registering a 0.26% upside in the last session, Schlumberger Ltd. (SLB) has traded red over the past five days. The stock hit a weekly high of 54.63, jumping 0.26% in its intraday price action. The 5-day price performance for the stock is -5.67%, and -6.50% over 30 days. With these gigs, the year-to-date price performance is -2.11%.

Schlumberger Ltd. (SLB) estimates and forecasts

Looking at statistics comparing Schlumberger Ltd. share performance against respective industry, we note that the company has outperformed competitors. Schlumberger Ltd. (SLB) shares are -15.44% down over the last 6 months, with its year-to-date growth rate higher than industry average at 18.12% against 3.50%.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 13.74% for the past 5-year period. While 2024 is set for a 18.24% return in earnings, projections for the next 5 years are at 19.70% annually.

SLB Dividends

Schlumberger Ltd. has its next earnings report out in May. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Schlumberger Ltd. has a forward dividend ratio of 1.02, with the share yield ticking at 2.01% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.