Currently, there are 1.43B common shares owned by the public and among those 1.43B shares have been available to trade.
The company’s stock has a 5-day price change of -3.48% and -18.67% over the past three months. SLB shares are trading -17.37% year to date (YTD), with the 12-month market performance down to -9.03% lower. It has a 12-month low price of $42.77 and touched a high of $62.12 over the same period. SLB has an average intraday trading volume of 10.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.86%, -11.10%, and -17.82% respectively.
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Institutional ownership of Schlumberger Ltd. (NYSE: SLB) shares accounts for 83.27% of the company’s 1.43B shares outstanding.
It has a market capitalization of $61.46B and a beta (3y monthly) value of 1.56. The stock’s trailing 12-month PE ratio is 14.32, while the earnings-per-share (ttm) stands at $3.00. The company has a PEG of 0.68 and a Quick Ratio of 1.02 with the debt-to-equity ratio at 0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.33% over the week and 2.30% over the month.
Earnings per share for the fiscal year are expected to increase by 17.97%, and 18.49% over the next financial year. EPS should grow at an annualized rate of 21.10% over the next five years, compared to 13.74% over the past 5-year period.
Looking at the support for the SLB, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on April 29, 2024, with the firm’s price target at $68-$53. TD Cowen coverage for the Schlumberger Ltd. (SLB) stock in a research note released on April 22, 2024 offered a Buy rating with a price target of $63. Societe Generale was of a view on October 09, 2023 that the stock is Buy, while CapitalOne gave the stock Overweight rating on June 07, 2023, issuing a price target of $63. UBS on their part issued Buy rating on April 19, 2023.
