In the last trading session, 10.93 million Schlumberger Ltd. (NYSE:SLB) shares changed hands as the company’s beta touched 1.53. With the company’s per share price at $41.93 changed hands at -$0.5 or -1.18% during last session, the market valuation stood at $59.53B. SLB’s last price was a discount, traded about -40.83% off its 52-week high of $59.05. The share price had its 52-week low at $38.66, which suggests the last value was 7.8% up since then. When we look at Schlumberger Ltd.’s average trading volume, we note the 10-day average is 11.76 million shares, with the 3-month average coming to 11.05 million.

Analysts gave the Schlumberger Ltd. (SLB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.30. 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. (NYSE:SLB) trade information

Instantly SLB was in red as seen at the end of in last trading. With action -2.37%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -19.43%, with the 5-day performance at -2.37% in the red. However, in the 30-day time frame, Schlumberger Ltd. (NYSE:SLB) is -2.26% down. Looking at the short shares, we see there were 37.83 million shares sold at short interest cover period of 2.61 days.

The consensus price target for the stock as assigned by Wall Street analysts is 54.5, meaning bulls need an upside of 23.06% from its current 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 -281.59% plunge from its current level, while the stock would need to soar -0.17% 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 -15.38% over the past 6 months, a 15.10% in annual growth rate that is considerably higher than the industry average of -8.30%.

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 15.08%, but the outlook for the next 5-year period is at 9.57% per year.

SLB Dividends

Schlumberger Ltd. is expected to release its next quarterly earnings report in November. The 2.56% annual yield figure for the share gives it an annual dividend of 1.07. It is important to note, however, that the 2.56% 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 85.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.81%. There are 85.64% 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.