Currently, there are 1.40B common shares owned by the public and among those 1.40B shares have been available to trade.
The company’s stock has a 5-day price change of 2.82% and 0.76% over the past three months. SLB shares are trading 10.20% year to date (YTD), with the 12-month market performance down to -16.20% lower. It has a 12-month low price of $36.52 and touched a high of $55.69 over the same period. SLB has an average intraday trading volume of 12.79 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 6.07%, 2.86%, and -4.59% respectively.
Institutional ownership of Schlumberger Ltd (NYSE: SLB) shares accounts for 86.40% of the company’s 1.40B shares outstanding.
It has a market capitalization of $59.19B and a beta (3y monthly) value of 1.53. The stock’s trailing 12-month PE ratio is 13.59, while the earnings-per-share (ttm) stands at $3.11. The company has a PEG of 2.02 and a Quick Ratio of 1.11 with the debt-to-equity ratio at 0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.67% over the week and 2.62% over the month.
Earnings per share for the fiscal year are expected to increase by 0.83%, and 9.69% over the next financial year.
Looking at the support for the SLB, a number of firms have released research notes about the stock. TD Cowen stated their Buy rating for the stock in a research note on January 21, 2025, with the firm’s price target at $53-$55. Evercore ISI coverage for the Schlumberger Ltd (SLB) stock in a research note released on January 15, 2025 offered a In-line rating with a price target of $44. Griffin Securities was of a view on December 20, 2024 that the stock is Neutral, while Piper Sandler gave the stock Neutral rating on December 19, 2024, issuing a price target of $47. TD Cowen on their part issued Buy rating on October 21, 2024.
