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Schlumberger Ltd. (NYSE: SLB) closed the day trading at $41.22 down -0.24% from the previous closing price of $41.32. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 10.61 million shares were traded. SLB stock price reached its highest trading level at $41.8 during the session, while it also had its lowest trading level at $40.96.
Ratios:
For a better understanding of SLB, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.89. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 1.49. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.58.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on July 22, 2024, Reiterated its Buy rating but revised its target price to $64 from $62 previously.
On April 29, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $68 to $53.
TD Cowen reiterated its Buy rating for the stock on April 22, 2024, while the target price for the stock was revised from $64 to $63.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 22 ’24 when Biguet Stephane sold 50,048 shares for $49.94 per share. The transaction valued at 2,499,397 led to the insider holds 203,076 shares of the business.
Al Mogharbel Khaled sold 120,668 shares of SLB for $6,056,484 on Jul 22 ’24. The EVP, Geographies now owns 247,699 shares after completing the transaction at $50.19 per share. On Jul 22 ’24, another insider, Kasibhatla Vijay, who serves as the Director, M&A of the company, sold 10,000 shares for $49.29 each. As a result, the insider received 492,900 and left with 62,354 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SLB now has a Market Capitalization of 58525806592 and an Enterprise Value of 69095858176. As of this moment, Schlumberger’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.48, and their Forward P/E ratio for the next fiscal year is 10.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.66 while its Price-to-Book (P/B) ratio in mrq is 2.78. Its current Enterprise Value per Revenue stands at 1.966 whereas that against EBITDA is 8.834.
Stock Price History:
Over the past 52 weeks, SLB has reached a high of $62.12, while it has fallen to a 52-week low of $41.26. The 50-Day Moving Average of the stock is -10.17%, while the 200-Day Moving Average is calculated to be -15.66%.
Shares Statistics:
Over the past 3-months, SLB traded about 9.74M shares per day on average, while over the past 10 days, SLB traded about 8113570 shares per day. A total of 1.43B shares are outstanding, with a floating share count of 1.42B. Insiders hold about 0.20% of the company’s shares, while institutions hold 88.06% stake in the company. Shares short for SLB as of 1723680000 were 38907046 with a Short Ratio of 4.00, compared to 1721001600 on 32437280. Therefore, it implies a Short% of Shares Outstanding of 38907046 and a Short% of Float of 2.75.
Dividends & Splits
SLB’s forward annual dividend rate is 1.08, up from 1.05 a year ago. Against a Trailing Annual Dividend Yield of 0.025411421The stock’s 5-year Average Dividend Yield is 3.05.
