In the latest trading session, 4.46 million Schlumberger Ltd. (NYSE:SLB) shares changed hands as the company’s beta touched 1.52. With the company’s most recent per share price at $42.85 changing hands around $0.9 or 2.13% at last look, the market valuation stands at $60.83B. SLB’s current price is a discount, trading about -42.82% off its 52-week high of $61.20. The share price had its 52-week low at $38.66, which suggests the last value was 9.78% up since then. When we look at Schlumberger Ltd.’s average trading volume, we note the 10-day average is 15.66 million shares, with the 3-month average coming to 10.29 million.
Analysts gave the Schlumberger Ltd. (SLB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.31. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SLB as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Schlumberger Ltd.’s EPS for the current quarter is expected to be 0.89.
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Schlumberger Ltd. (NYSE:SLB) trade information
Instantly SLB is in green as seen in intraday trades today. With action -0.31%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -17.67%, with the 5-day performance at -0.31% in the red. However, in the 30-day time frame, Schlumberger Ltd. (NYSE:SLB) is -2.60% down. Looking at the short shares, we see there were 38.64 million shares sold at short interest cover period of 4.17 days.
The consensus price target for the stock as assigned by Wall Street analysts is 51, meaning bulls need an upside of 15.98% from its recent market value. According to analyst projections, SLB’s forecast low is 42 with 160 as the target high. To hit the forecast high, the stock’s price needs a -273.4% plunge from its current level, while the stock would need to tank 1.98% for it to hit the projected low.
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 -21.64% over the past 6 months, a 17.11% in annual growth rate that is considerably higher than the industry average of -10.90%. Year-over-year growth is forecast to reach 11.50% 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 9.32B. 20 analysts are of the opinion that Schlumberger Ltd.’s revenue for the current quarter will be 9.7B. The company’s revenue for the corresponding quarters a year ago was 7.58B and 8.99B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.90%. The estimates for the next quarter sales put growth at 7.90%.
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 17.42%, 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 on 2024-Oct-18. The 2.51% annual yield figure for the share gives it an annual dividend of 1.07. It is important to note, however, that the 2.51% 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 2.99 per year.
Schlumberger Ltd. (NYSE:SLB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.20% of Schlumberger Ltd. shares while 85.39% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.56%. There are 85.39% institutions holding the Schlumberger Ltd. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.5231% of the shares, roughly 136.28 million SLB shares worth $6.43 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.3749% or 119.84 million shares worth $5.65 billion as of 2024-06-30.
