During the last session, Schlumberger Ltd (NYSE:SLB)’s traded shares were 11.02 million, with the beta value of the company hitting 1.03. At the end of the trading day, the stock’s price was $33.58, reflecting an intraday loss of -1.03% or -$0.35. The 52-week high for the SLB share is $50.94, that puts it down -51.7 from that peak though still a striking 7.36% gain since the share price plummeted to a 52-week low of $31.11. The company’s market capitalization is $45.67B, and the average trade volume was 18.11 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 1.42. 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 0.76.
Schlumberger Ltd (NYSE:SLB) trade information
Schlumberger Ltd (SLB) registered a -1.03% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.03% in intraday trading to $33.58, hitting a weekly high. The stock’s 5-day price performance is -2.86%, and it has moved by -1.52% in 30 days. Based on these gigs, the overall price performance for the year is -27.50%.
The consensus price target of analysts on Wall Street is $48, which implies an increase of 30.04% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $43 and $59 respectively. As a result, SLB is trading at a discount of -75.7% off the target high and -28.05% off the low.
Schlumberger Ltd (SLB) estimates and forecasts
In the rating firms’ projections, revenue will decrease -1.74% 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 8.51B as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 9.21B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 9.14B and 9.16B respectively. In this case, analysts expect current quarter sales to shrink by -6.87% and then jump by 0.60% in the coming quarter. While earnings are projected to return -7.76% in 2025, the next five years will return 3.72% per annum.
SLB Dividends
Schlumberger Ltd is due to release its next quarterly earnings in June. 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 1.11, with the dividend yield indicating at 3.31 percent, continuing the trend of increasing dividends in recent years.
Schlumberger Ltd (NYSE:SLB)’s Major holders
The next largest institutional holding, with 119.84 million shares, is of BLACKROCK INC.’s that is approximately 8.3925% 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 44.21 shares. This amounts to just over 3.25 percent of the company’s overall shares, with a $1.48 billion market value. The same data shows that the other fund manager holds slightly less at 38.22, or about 2.81% of the stock, which is worth about $1.28 billion.
