During the recent session, Schlumberger Ltd (NYSE:SLB)’s traded shares were 2.82 million, with the beta value of the company hitting 1.53. At the last check today, the stock’s price was $41.81, reflecting an intraday loss of -0.51% or -$0.22. The 52-week high for the SLB share is $55.69, that puts it down -33.2 from that peak though still a striking 12.65% gain since the share price plummeted to a 52-week low of $36.52. The company’s market capitalization is $58.58B, and the average intraday trading volume over the past 10 days was 17.92 million shares, and the average trade volume was 12.79 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 1.57. 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 0.75.
Schlumberger Ltd (NYSE:SLB) trade information
Schlumberger Ltd (SLB) registered a -0.51% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.51% in intraday trading to $41.81, hitting a weekly high. The stock’s 5-day price performance is 1.76%, and it has moved by 13.54% in 30 days. Based on these gigs, the overall price performance for the year is -17.07%. The short interest in Schlumberger Ltd (NYSE:SLB) is 49.96 million shares and it means that shorts have 4.15 day(s) to cover.
The consensus price target of analysts on Wall Street is $56.5, which implies an increase of 26.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $42 and $68 respectively. As a result, SLB is trading at a discount of -62.64% off the target high and -0.45% 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 -12.94% during the last six months, with a year-to-date growth rate more than the industry average at -0.59% against -7.80. In the rating firms’ projections, revenue will increase 1.55% 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 8.66B as predicted by 16 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 9.03B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 8.71B and 9.14B respectively. In this case, analysts expect current quarter sales to shrink by -0.51% and then drop by -1.18% in the coming quarter.
While earnings are projected to return 1.59% in 2025, the next five years will return 10.43% per annum.
SLB Dividends
Schlumberger Ltd is due to release its next quarterly earnings in February. 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 1.10, with the dividend yield indicating at 2.63 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.85%.
Schlumberger Ltd (NYSE:SLB)’s Major holders
Schlumberger Ltd insiders own 0.19% of total outstanding shares while institutional holders control 84.66%, with the float percentage being 84.83%. VANGUARD GROUP INC is the largest shareholder of the company, while 2005.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Schlumberger Ltd (SLB) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 45.01 shares. This amounts to just over 3.19 percent of the company’s overall shares, with a $1.88 billion market value. The same data shows that the other fund manager holds slightly less at 37.19, or about 2.63% of the stock, which is worth about $1.55 billion.
