Schlumberger Ltd. (NYSE: SLB) is -1.21% lower on its value in year-to-date trading and has touched a low of $42.73 and a high of $62.12 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SLB stock was last observed hovering at around $51.67 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $51.41, the stock is -5.06% and 0.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.35 million and changing -0.50% at the moment leaves the stock -5.19% off its SMA200. SLB registered -2.04% loss for a year compared to 6-month loss of -12.81%.
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The stock witnessed a -2.76% gain in the last 1 month and extending the period to 3 months gives it a 6.44%, and is -5.10% down 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 2.95% over the week and 2.19% over the month.
Schlumberger Ltd. (SLB) has around 111000 employees, a market worth around $73.16B and $33.13B in sales. Current P/E ratio is 17.66 and Fwd P/E is 12.41. Profit margin for the company is 12.69%. Distance from 52-week low is 20.31% and -17.24% from its 52-week high. The company has generated returns on investments over the last 12 months (13.28%).
The EPS is expected to grow by 18.28% this year.
Schlumberger Ltd. (SLB) Top Institutional Holders
The shares outstanding are 1.43B, and float is at 1.42B with Short Float at 1.37%.
Schlumberger Ltd. (SLB) Insider Activity
The most recent transaction is an insider sale by Merad Abdellah,the company’sEVP, Core Services & Equipment. SEC filings show that Merad Abdellah sold 50,000 shares of the company’s common stock on Feb 26 ’24 at a price of $48.52 per share for a total of $2.43 million. Following the sale, the insider now owns 0.26 million shares.
Schlumberger Ltd. disclosed in a document filed with the SEC on Feb 26 ’24 that Biguet Stephane (EVP & CFO) sold a total of 6,250 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $48.64 per share for $0.3 million. Following the transaction, the insider now directly holds 0.24 million shares of the SLB stock.
Still, SEC filings show that on Feb 01 ’24, Rennick Gavin (President New Energy) disposed off 20,045 shares at an average price of $48.77 for $0.98 million. The insider now directly holds 77,563 shares of Schlumberger Ltd. (SLB).
