In last trading session, Schlumberger Ltd. (NYSE:SLB) saw 21.25 million shares changing hands with its beta currently measuring 1.53. Company’s recent per share price level of $41.92 trading at -$2.07 or -4.71% at ring of the bell on the day assigns it a market valuation of $59.52B. That closing price of SLB’s stock is at a discount of -45.99% from its 52-week high price of $61.20 and is indicating a premium of 7.78% from its 52-week low price of $38.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.27 million shares which gives us an average trading volume of 10.95 million if we extend that period to 3-months.
For Schlumberger Ltd. (SLB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.31. Splitting up the data highlights that, out of 13 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 13 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Schlumberger Ltd. (NYSE:SLB) trade information
Upright in the red during last session for losing -4.71%, in the last five days SLB remained trading in the red while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $41.92 price level, adding 6.26% to its value on the day. Schlumberger Ltd.’s shares saw a change of -19.45% in year-to-date performance and have moved -6.39% in past 5-day. Schlumberger Ltd. (NYSE:SLB) showed a performance of -1.94% in past 30-days. Number of shares sold short was 37.83 million shares which calculate 2.61 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 53 to the stock, which implies a rise of 20.91% to its current value. Analysts have been projecting 42 as a low price target for the stock while placing it at a high target of 160. It follows that stock’s current price would drop -0.19% in reaching the projected high whereas dropping to the targeted low would mean a loss of -0.19% for stock’s current value.
Schlumberger Ltd. (SLB) estimates and forecasts
Statistics highlight that Schlumberger Ltd. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -15.91% of value to its shares in past 6 months, showing an annual growth rate of 15.44% while that of industry is -8.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 13.74% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 16.09% while estimates for its earnings growth in next 5 years are of 13.44%.
SLB Dividends
Schlumberger Ltd. is more likely to be releasing its next quarterly report on 2024-Oct-18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.56%, the share has a forward dividend of 1.07 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.99%.
Schlumberger Ltd. (NYSE:SLB)’s Major holders
Insiders are in possession of 0.20% of company’s total shares while institution are holding 85.12 percent of that, with stock having share float percentage of 85.29%. Investors also watch the number of corporate investors in a company very closely, which is 85.12% institutions for Schlumberger Ltd. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at SLB for having 136.28 million shares of worth $6.43 billion. And as of 2024-06-30, it was holding 9.5231 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 119.84 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.3749 of outstanding shares, having a total worth of $5.65 billion.
