Schlumberger Ltd (NYSE:SLB) has a beta value of 1.52 and has seen 2.52 million shares traded in the recent trading session. The company, currently valued at $62.21B, closed the recent trade at $44.06 per share which meant it gained $0.58 on the day or 1.32% during that session. The SLB stock price is -26.4% off its 52-week high price of $55.69 and 12.26% above the 52-week low of $38.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.9 million shares traded. The 3-month trading volume is 12.73 million shares.
The consensus among analysts is that Schlumberger Ltd (SLB) is Buy stock at the moment, with a recommendation rating of 1.30. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 13 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.91.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Schlumberger Ltd (NYSE:SLB) trade information
Sporting 1.32% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SLB stock price touched $44.06 or saw a rise of 2.02%. Year-to-date, Schlumberger Ltd shares have moved -15.34%, while the 5-day performance has seen it change 1.21%. Over the past 30 days, the shares of Schlumberger Ltd (NYSE:SLB) have changed 8.97%. Short interest in the company has seen 43.36 million shares shorted with days to cover at 3.27.
Wall Street analysts have a consensus price target for the stock at $54.5, which means that the shares’ value could jump 19.16% from the levels at last check today. The projected low price target is $42.0 while the price target rests at a high of $160.0. In that case, then, we find that the latest price level in today’s session is -263.14% off the targeted high while a plunge would see the stock lose 4.68% from the levels at last check today.
Schlumberger Ltd (SLB) estimates and forecasts
Figures show that Schlumberger Ltd shares have outperformed across the wider relevant industry. The company’s shares have lost -3.37% over the past 6 months, with this year growth rate of 13.76%, compared to -8.00% for the industry. Revenue growth from the last financial year stood is estimated to be 9.40%.
18 analysts offering their estimates for the company have set an average revenue estimate of 9.22B for the current quarter. 10 have an estimated revenue figure of 8.86B for the next ending quarter. Year-ago sales stood 8.99B and 8.71B respectively for this quarter and the next, and analysts expect sales will grow by 2.59% for the current quarter and 9.40% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 13.74% over the past 5 years. Earnings growth for 2024 is a modest 14.56% while over the next 5 years, the company’s earnings are expected to increase by 10.00%.
SLB Dividends
Schlumberger Ltd is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.08 at a share yield of 2.44%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.94%.
Schlumberger Ltd (NYSE:SLB)’s Major holders
Insiders own 0.20% of the company shares, while shares held by institutions stand at 84.58% with a share float percentage of 84.75%. Investors are also buoyed by the number of investors in a company, with Schlumberger Ltd having a total of 2006.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 136.28 million shares worth more than $6.43 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.5231% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 119.84 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.65 billion and represent 8.3749% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. As of Jun 30, 2024, the former fund manager holds about 3.20% shares in the company for having 45.13 shares of worth $1.98 billion while later fund manager owns 37.84 shares of worth $1.66 billion as of Sep 30, 2024, which makes it owner of about 2.68% of company’s outstanding stock.
