Schlumberger Ltd (NYSE:SLB) shares, rose in value, with the stock price up by 1.63% to the previous day’s close as strong demand from buyers drove the stock to $42.12.
Actively observing the price movement in the recent trading, the stock is buoying the session at $41.45, falling within a range of $41.44 and $42.16. The value of beta (5-year monthly) is 1.532 whereas the PE ratio is 13.55 over 12-month period. Referring to stock’s 52-week performance, its high was $55.69, and the low was $36.52. On the whole, SLB has fluctuated by 5.66% over the past month.
With the market capitalization of Schlumberger Ltd currently standing at about $59.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.11, with its dividend yield at 2.64%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 36.75B, with a low estimate of 8.57B and a high estimate of 8.85B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.66B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SLB’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.02, with the price of SLB currently trading nearly 1.58% and 4.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.90, while the 7-day volatility ratio is showing 2.34% which for the 30-day chart, stands at 2.94%. Furthermore, Schlumberger Ltd (SLB)’s beta value is 1.49, and its average true range (ATR) is 1.13.
A comparison of Schlumberger Ltd (SLB) with its peers suggests the former has fared considerably weaker in the market. SLB showed an intraday change of 1.63% in today’s session so far, and over the past year, it shrunk by -12.49%%.
Data on historical trading for Schlumberger Ltd (NYSE:SLB) indicates that the trading volumes over the past 10 days have averaged 12.39 and over the past 3 months, they’ve averaged 12.63 million. According to company’s latest data on outstanding shares, there are 1.40 billion shares outstanding.
Nearly 0.35% of Schlumberger Ltd’s shares belong to company insiders and institutional investors own 85.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 49.96 million shares as on 2024-12-31, resulting in a short ratio of 4.15. According to the data, the short interest in Schlumberger Ltd (SLB) stood at 355.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 40.8 million. The stock has risen by 9.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SLB stock heading into the next quarter.
