Schlumberger Ltd (NYSE: SLB) is -14.82% lower on its value in year-to-date trading and has touched a low of $38.66 and a high of $55.69 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 $44.29 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $44.33, the stock is 5.48% and 4.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.71 million and changing 0.09% at the moment leaves the stock -5.02% off its SMA200. SLB registered -16.83% loss for a year compared to 6-month loss of -8.82%. The firm has a 50-day simple moving average (SMA 50) of $42.2604 and a 200-day simple moving average (SMA200) of $46.67085.
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The stock witnessed a -0.83% gain in the last 1 month and extending the period to 3 months gives it a 1.26%, and is 9.32% 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 3.17% over the week and 2.42% over the month.
Schlumberger Ltd (SLB) has around 111000 employees, a market worth around $62.60B and $36.01B in sales. Current P/E ratio is 14.27 and Fwd P/E is 12.09. Profit margin for the company is 12.44%. Distance from 52-week low is 14.67% and -20.40% from its 52-week high. The company has generated returns on investments over the last 12 months (13.42%).
The EPS is expected to grow by 14.55% this year.
Schlumberger Ltd (SLB) Top Institutional Holders
1985.0 institutions hold shares in Schlumberger Ltd (SLB), with institutional investors hold 86.06% of the company’s shares. The shares outstanding are 1.43B, and float is at 1.41B with Short Float at 3.07%. Institutions hold 85.89% 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).
