Schlumberger Ltd (NYSE: SLB) is -21.46% 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 $41.17 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $40.87, the stock is -5.27% and -4.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.05 million and changing -0.73% at the moment leaves the stock -11.47% off its SMA200. SLB registered -16.25% loss for a year compared to 6-month loss of -9.10%. The firm has a 50-day simple moving average (SMA 50) of $42.9706 and a 200-day simple moving average (SMA200) of $46.2022.
The stock witnessed a -5.35% gain in the last 1 month and extending the period to 3 months gives it a 3.29%, and is -6.37% 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 2.48% over the week and 2.19% over the month.
Schlumberger Ltd (SLB) has around 111000 employees, a market worth around $57.71B and $36.01B in sales. Current P/E ratio is 13.16 and Fwd P/E is 11.18. Profit margin for the company is 12.44%. Distance from 52-week low is 5.72% and -26.61% from its 52-week high. The company has generated returns on investments over the last 12 months (13.42%).
with sales reaching $9.22B over the same period.The EPS is expected to grow by 14.54% this year, but quarterly earnings will post 9.36% year-over-year. Quarterly sales are estimated to grow 2.57% in year-over-year returns.
Schlumberger Ltd (SLB) Top Institutional Holders
2013.0 institutions hold shares in Schlumberger Ltd (SLB), with institutional investors hold 84.77% of the company’s shares. The shares outstanding are 1.41B, and float is at 1.41B with Short Float at 3.08%. Institutions hold 84.61% 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 Biguet Stephane, the company’s EVP & CFO. SEC filings show that Biguet Stephane sold 11,520 shares of the company’s common stock on Nov 13 ’24 at a price of $44.47 per share for a total of $0.51 million. Following the sale, the insider now owns 0.19 million shares.
Still, SEC filings show that on Oct 24 ’24, Merad Abdellah (EVP, Core Services & Equipment) disposed off 60,000 shares at an average price of $41.90 for $2.51 million. The insider now directly holds 211,937 shares of Schlumberger Ltd (SLB).
