Schlumberger Ltd. (NYSE:SLB) price on Thursday, August 01, fall -1.91% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $47.37.
A look at the stock’s price movement, the level at last check in today’s session was $48.29. The PE ratio in trailing twelve months stood at 15.49. Turning to its 52-week performance, $62.12 and $42.61 were the 52-week high and 52-week low respectively. Overall, SLB moved 1.46% over the past month.
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Schlumberger Ltd.’s market cap currently stands at around $67.26 billion. The company has a Forward Dividend ratio of 1.05, with its dividend yield at 2.22%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 9.31B for the company’s revenue for the quarter, with a low and high estimate of 9.25B and 9.55B respectively. The average forecast suggests up to a 22.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 36.91B, representing a 11.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SLB is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.73, with SLB’s current price about -0.70% and 2.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.75, while 7-day volatility ratio is 2.07% and 2.34% in the 30-day chart. Further, Schlumberger Ltd. (SLB) has a beta value of 1.57, and an average true range (ATR) of 1.15.
If we refocus on Schlumberger Ltd. (NYSE:SLB), historical trading data shows that trading volumes averaged 10.79 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.43 billion shares.
The 0.20% of Schlumberger Ltd.’s shares are in the hands of company insiders while institutional holders own 85.70% of the company’s shares. Current price change has pushed the stock -8.97% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SLB stock continues to rise going into the next quarter.
