In the latest trading session,, 2.61 million Schlumberger Ltd (NYSE:SLB) shares changed hands as the company’s beta touched 1.05. With the company’s most recent per share price at $34.99 changed hands at -$0.78 or -2.17% at last look, the market valuation stands at $47.60B. SLB’s current price is a discount, trading about -45.58% off its 52-week high of $50.94. The share price had its 52-week low at $31.11, which suggests the last value was 11.09% up since then.
Analysts gave the Schlumberger Ltd (SLB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.42. 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 in intraday trades today. With action -2.38%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -8.72%, with the 5-day performance at -2.38% in the red. However, in the 30-day time frame, Schlumberger Ltd (NYSE:SLB) is -0.33% down.
The consensus price target for the stock as assigned by Wall Street analysts is 48, meaning bulls need an upside of 27.1% from its recent market value. According to analyst projections, SLB’s forecast low is 43 with 59 as the target high. To hit the forecast high, the stock’s price needs a -68.62% plunge from its current level, while the stock would need to soar -22.89% for it to hit the projected low.
The 2025 estimates are for Schlumberger Ltd earnings to decrease by -7.76%, but the outlook for the next 5-year period is at 3.72% per year.
SLB Dividends
Schlumberger Ltd is expected to release its next quarterly earnings report in June. The 3.17% annual yield figure for the share gives it an annual dividend of 1.11. It is important to note, however, that the 3.17% 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.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.3925% or 119.84 million shares worth $5.65 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 44.21 shares estimated at $1.55 billion under it, the former controlled 3.25% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.81% of the shares, roughly 38.22 shares worth around $1.34 billion.
