During the recent session, Schlumberger Ltd. (NYSE:SLB)’s traded shares were 2.12 million, with the beta value of the company hitting 1.53. At the last check today, the stock’s price was $40.46, reflecting an intraday gain of 0.77% or $0.31. The 52-week high for the SLB share is $57.75, that puts it down -42.73 from that peak though still a striking 4.45% gain since the share price plummeted to a 52-week low of $38.66. The company’s market capitalization is $57.14B, and the average intraday trading volume over the past 10 days was 14.02 million shares, and the average trade volume was 11.42 million shares over the past three months.
Schlumberger Ltd. (SLB) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.30. SLB has a Sell rating from 0 analyst(s) out of 13 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.9.
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Schlumberger Ltd. (NYSE:SLB) trade information
Schlumberger Ltd. (SLB) registered a 0.77% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.77% in intraday trading to $40.46, hitting a weekly high. The stock’s 5-day price performance is -1.91%, and it has moved by -7.92% in 30 days. Based on these gigs, the overall price performance for the year is -27.31%. The short interest in Schlumberger Ltd. (NYSE:SLB) is 38.71 million shares and it means that shorts have 2.8 day(s) to cover.
The consensus price target of analysts on Wall Street is $54.5, which implies an increase of 25.76% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $42 and $160 respectively. As a result, SLB is trading at a discount of -295.45% off the target high and -3.81% off the low.
Schlumberger Ltd. (SLB) estimates and forecasts
Statistics show that Schlumberger Ltd. has outperformed its competitors in share price, compared to the industry in which it operates. Schlumberger Ltd. (SLB) shares have gone down -14.96% during the last six months, with a year-to-date growth rate more than the industry average at 14.09% against -9.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 4.70% this quarter and then jump 6.70% in the quarter after that. In the rating firms’ projections, revenue will increase 9.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 9.24B as predicted by 20 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 9.01B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 8.99B and 8.71B respectively. In this case, analysts expect current quarter sales to grow by 2.80% and then jump by 3.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 13.74%. While earnings are projected to return 14.69% in 2024, the next five years will return 10.00% per annum.
SLB Dividends
Schlumberger Ltd. is due to release its next quarterly earnings on 2025-Jan-17. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Schlumberger Ltd. is 1.08, with the dividend yield indicating at 2.66 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.99%.
Schlumberger Ltd. (NYSE:SLB)’s Major holders
Schlumberger Ltd. insiders own 0.20% of total outstanding shares while institutional holders control 85.74%, with the float percentage being 85.91%. VANGUARD GROUP INC is the largest shareholder of the company, while 1983.0 institutions own stock in it. As of 2024-06-30, the company held over 136.28 million shares (or 9.5231% of all shares), a total value of $6.43 billion in shares.
The next largest institutional holding, with 119.84 million shares, is of BLACKROCK INC.’s that is approximately 8.3749% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.65 billion.
