In today’s recent session, 3.39 million shares of the Schlumberger Ltd. (NYSE:SLB) have been traded, and its beta is 1.53. Most recently the company’s share price was $43.99, and it changed around -$1.05 or -2.32% from the last close, which brings the market valuation of the company to $62.47B. SLB at last check was trading at a discount to its 52-week high of $62.12, offering almost -41.21% off that amount. The share price’s 52-week low was $42.61, which indicates that the recent value has risen by an impressive 3.14% since then. We note from Schlumberger Ltd.’s average daily trading volume that its 10-day average is 6.61 million shares, with the 3-month average coming to 10.52 million.
Schlumberger Ltd. stock received a consensus recommendation rating of Buy, based on a mean score of 1.28. 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 0.89 for the current quarter.
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Schlumberger Ltd. (NYSE:SLB) trade information
Instantly SLB has been showing red trend so far today with a performance of -2.32% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 46.16 on recent trading dayincreased the stock’s daily price by 4.7%. The company’s shares are currently down -15.46% year-to-date, but still down -0.46% over the last five days. On the other hand, Schlumberger Ltd. (NYSE:SLB) is -7.59% down in the 30-day period. We can see from the shorts that 38.91 million shares have been sold at a short interest cover period of 4.25 day(s).
The consensus price target as assigned by Wall Street analysts is $53, which translates to bulls needing to increase their stock price by 17.0% from its current value. Analyst projections state that SLB is forecast to be at a low of $43 and a high of $160.
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 -8.65 percent over the past six months and at a 17.11% annual growth rate that is well above the industry average of -11.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 25.40% in revenue this quarter, and will report an increase of 16.30% in the next quarter. The year-over-year growth rate is expected to be 11.50%, up from the previous year.
Consensus estimates provided by 21 financial analysts predict the company will bring in an average of 9.31B in revenue for the current quarter. 21 analysts expect Schlumberger Ltd. to make 9.71B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.58B and 8.99B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 22.90%. Forecasts for the next quarter put sales growth at 8.00%.
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 17.53% in 2024, but the outlook is positive 21.10% per year for the next five years.
SLB Dividends
Schlumberger Ltd.’s next quarterly earnings report is expected to be released in September. The annual dividend yield of the stock is 2.39 percent and its annual dividend per share was 1.05. It is important to note, however, that the 2.39% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.11 per year.
Schlumberger Ltd. (NYSE:SLB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.20% of Schlumberger Ltd. shares, and 85.49% of them are in the hands of institutional investors. The stock currently has a share float of 85.65%. Schlumberger Ltd. stock is held by 2012.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.5231% of the shares, which is about 136.28 million shares worth $6.43 billion.
BLACKROCK INC., with 8.3749% or 119.84 million shares worth $5.65 billion as of 2024-06-30, 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 Mar 31, 2024 . The former held 45.03 shares worth $1.98 billion, making up 3.17% of all outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held roughly 38.88 shares worth around $1.71 billion, which represents about 2.74% of the total shares outstanding.
