Schlumberger Ltd (NYSE: SLB) is -25.19% 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 $39.88 in the last trading session, with the day’s loss setting it -0.95%.
Currently trading at $38.93, the stock is -8.02% and -8.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.7 million and changing -2.38% at the moment leaves the stock -15.28% off its SMA200. SLB registered -25.41% loss for a year compared to 6-month loss of -12.40%. The firm has a 50-day simple moving average (SMA 50) of $42.6556 and a 200-day simple moving average (SMA200) of $46.00605.
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The stock witnessed a -9.84% gain in the last 1 month and extending the period to 3 months gives it a -6.01%, and is -4.75% 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 2.33% over the week and 2.16% over the month.
Schlumberger Ltd (SLB) has around 111000 employees, a market worth around $54.98B and $36.01B in sales. Current P/E ratio is 12.53 and Fwd P/E is 10.74. Profit margin for the company is 12.44%. Distance from 52-week low is 0.70% and -30.10% from its 52-week high. The company has generated returns on investments over the last 12 months (13.42%).
with sales reaching $9.21B over the same period.The EPS is expected to grow by 14.50% this year, but quarterly earnings will post 9.34% year-over-year. Quarterly sales are estimated to grow 2.47% in year-over-year returns.
Schlumberger Ltd (SLB) Top Institutional Holders
2014.0 institutions hold shares in Schlumberger Ltd (SLB), with institutional investors hold 84.81% of the company’s shares. The shares outstanding are 1.41B, and float is at 1.41B with Short Float at 2.90%. Institutions hold 84.64% 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).
