In the last trading session, 9.86 million Schlumberger Ltd. (NYSE:SLB) shares changed hands as the company’s beta touched 1.61. With the company’s per share price at $47.96 changed hands at $0.3 or 0.63% during last session, the market valuation stood at $68.55B. SLB’s last price was a discount, traded about -29.52% off its 52-week high of $62.12. The share price had its 52-week low at $42.73, which suggests the last value was 10.9% up since then. When we look at Schlumberger Ltd.’s average trading volume, we note the 3-month average coming to 9.60 million.
Schlumberger Ltd. (NYSE:SLB) trade information
Instantly SLB was in green as seen at the end of in last trading. With action -2.54%, the performance over the past five days has been red. The jump to weekly highs of 49.35 added 0.63% to the stock’s daily price. The company’s shares are showing year-to-date downside of -7.84%, with the 5-day performance at -2.54% in the red. However, in the 30-day time frame, Schlumberger Ltd. (NYSE:SLB) is -12.85% down.
Schlumberger Ltd. (SLB) estimates and forecasts
Data shows that the Schlumberger Ltd. 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 -16.39% over the past 6 months, a 17.79% in annual growth rate that is considerably higher than the industry average of 0.90%. Year-over-year growth is forecast to reach 4.20% up from the last financial year.
Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of 8.43B. 20 analysts are of the opinion that Schlumberger Ltd.’s revenue for the current quarter will be 8.78B. The company’s revenue for the corresponding quarters a year ago was 8.1B and 7.58B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.00%. The estimates for the next quarter sales put growth at 15.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 13.74%. The 2024 estimates are for Schlumberger Ltd. earnings to increase by 17.90%, but the outlook for the next 5-year period is at 21.10% per year.
SLB Dividends
Schlumberger Ltd. is expected to release its next quarterly earnings report in June. The 2.14% annual yield figure for the share gives it an annual dividend of 1.02. It is important to note, however, that the 2.14% 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.
