Schlumberger Limited (NYSE: SLB) is 34.72% higher on its value in year-to-date trading and has touched a low of $11.87 and a high of $31.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLB stock was last observed hovering at around $27.74 in the last trading session, with the day’s gains setting it 1.67% off its average median price target of $30.00 for the next 12 months. It is also 24.59% off the consensus price target high of $39.00 offered by 27 analysts, but current levels are -62.49% lower than the price target low of $18.10 for the same period.
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Currently trading at $29.41, the stock is 17.53% and 22.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.57 million and changing 6.02% at the moment leaves the stock 48.39% off its SMA200. SLB registered 0.24% gain for a year compared to 6-month gain of 50.43%. The firm has a 50-day simple moving average (SMA 50) of $25.01 and a 200-day simple moving average (SMA200) of $20.32.
The stock witnessed a 23.88% loss in the last 1 month and extending the period to 3 months gives it a 45.52%, and is 9.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.83% over the week and 4.54% over the month.
Schlumberger Limited (SLB) has around 86000 employees, a market worth around $40.10B and $23.60B in sales. Fwd P/E is 20.51. Profit margin for the company is -44.60%. Distance from 52-week low is 147.77% and -8.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.80%).
Schlumberger Limited (SLB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Schlumberger Limited (SLB) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 2.20, where 6 rate it as a Hold and 2 think it is a “Overweight”. 18 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Schlumberger Limited is expected to release its quarterly report on 04/22/2021 and quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $5.09B over the same period.The EPS is expected to shrink by -3.40% this year, but quarterly earnings will post -7.20% year-over-year. Quarterly sales are estimated to shrink -31.80% in year-over-year returns.
Schlumberger Limited (SLB) Top Institutional Holders
1,412 institutions hold shares in Schlumberger Limited (SLB), with 2.28M shares held by insiders accounting for 0.16% while institutional investors hold 76.29% of the company’s shares. The shares outstanding are 1.39B, and float is at 1.39B with Short Float at 1.50%. Institutions hold 76.16% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 115.34 million shares valued at $2.52 billion. The investor’s holdings represent 8.28% of the SLB Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 97.01 million shares valued at $2.12 billion to account for 6.97% of the shares outstanding. The other top investors are State Street Corporation which holds 80.79 million shares representing 5.80% and valued at over $1.76 billion, while Dodge & Cox Inc holds 5.50% of the shares totaling 76.56 million with a market value of $1.67 billion.
Schlumberger Limited (SLB) Insider Activity
A total of 63 insider transactions have happened at Schlumberger Limited (SLB) in the last six months, with sales accounting for 34 and purchases happening 29 times. The most recent transaction is an insider sale by Guild Howard, the company’s Chief Accounting Officer. SEC filings show that Guild Howard sold 10,000 shares of the company’s common stock on Feb 05 at a price of $24.96 per share for a total of $0.25 million. Following the sale, the insider now owns 44463.0 shares.
Schlumberger Limited disclosed in a document filed with the SEC on Dec 07 that Jaramillo Claudia (VP, Treasurer) sold a total of 4,061 shares of the company’s common stock. The trade occurred on Dec 07 and was made at $23.11 per share for $93861.0. Following the transaction, the insider now directly holds 15614.0 shares of the SLB stock.
Still, SEC filings show that on Dec 03, Laureles Saul R. (Director, Corporate Legal) disposed off 5,000 shares at an average price of $21.85 for $0.11 million. The insider now directly holds 15,143 shares of Schlumberger Limited (SLB).
Schlumberger Limited (SLB): Who are the competitors?
The company’s main competitors (and peers) include Seacor Holdings Inc. (CKH) that is trading 9.86% up over the past 12 months. Short interest in the company’s stock has risen 7.66% from the last report on Dec 30, 2020 to stand at a total of 19.28 million short shares sold with a short interest ratio of 1.47.