rts logo

Schlumberger Ltd. (SLB): These Numbers Show Where NYSE:SLB Stock Is Going Next

Schlumberger Ltd. (NYSE: SLB) is -22.31% lower on its value in year-to-date trading and has touched a low of $38.66 and a high of $57.75 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 $41.39 in the last trading session, with the day’s loss setting it -0.96%.

Currently trading at $40.43, the stock is -6.64% and -5.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.68 million and changing -2.32% at the moment leaves the stock -14.16% off its SMA200. SLB registered -27.58% loss for a year compared to 6-month loss of -14.85%. The firm has a 50-day simple moving average (SMA 50) of $42.7134 and a 200-day simple moving average (SMA200) of $47.1013.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a -3.62% gain in the last 1 month and extending the period to 3 months gives it a -16.28%, and is -3.58% 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 2.32% over the week and 2.33% over the month.

Schlumberger Ltd. (SLB) has around 111000 employees, a market worth around $57.09B and $36.01B in sales. Current P/E ratio is 13.01 and Fwd P/E is 10.95. Profit margin for the company is 12.44%. Distance from 52-week low is 4.58% and -29.99% from its 52-week high. The company has generated returns on investments over the last 12 months (13.42%).

with sales reaching $9.24B over the same period.The EPS is expected to grow by 14.69% this year, but quarterly earnings will post 9.50% year-over-year. Quarterly sales are estimated to grow 2.80% in year-over-year returns.

Schlumberger Ltd. (SLB) Top Institutional Holders

1985.0 institutions hold shares in Schlumberger Ltd. (SLB), with institutional investors hold 86.23% of the company’s shares. The shares outstanding are 1.43B, and float is at 1.41B with Short Float at 2.75%. Institutions hold 86.06% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 136.28 million shares valued at $6.43 billion. The investor’s holdings represent 9.5231% of the SLB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 119.84 million shares valued at $5.65 billion to account for 8.3749 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 103.94 million shares representing 7.2638% and valued at over $4.9 billion, while STATE STREET CORP holds 6.267 of the shares totaling 89.68 million with a market value of $4.25 billion.

Schlumberger Ltd. (SLB) Insider Activity

The most recent transaction is an insider sale by Merad Abdellah, the company’s EVP, Core Services & Equipment. SEC filings show that Merad Abdellah sold 60,000 shares of the company’s common stock on Oct 24 ’24 at a price of $41.90 per share for a total of $2.51 million. Following the sale, the insider now owns 0.21 million shares.

Still, SEC filings show that on Jul 22 ’24, Biguet Stephane (EVP & CFO) disposed off 50,048 shares at an average price of $49.94 for $2.5 million. The insider now directly holds 203,076 shares of Schlumberger Ltd. (SLB).

Related Posts