Schlumberger Ltd (NYSE:SLB) shares, rose in value on Thursday, March 06, with the stock price up by 0.84% to the previous day’s close as strong demand from buyers drove the stock to $39.76.
Actively observing the price movement in the last trading, the stock closed the session at $39.43. The PE ratio was 12.79 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 -3.54% over the past month.
With the market capitalization of Schlumberger Ltd currently standing at about $54.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.11, with its dividend yield at 2.79%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 36.61B, with a low estimate of 8.57B and a high estimate of 8.76B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.65B.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% 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 1.87, with the price of SLB currently trading nearly -3.20% and -1.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.28, while the 7-day volatility ratio is showing 4.05% which for the 30-day chart, stands at 2.77%. Furthermore, Schlumberger Ltd (SLB)’s beta value is 1.16, and its average true range (ATR) is 1.23.
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 0.84% in last session, and over the past year, it shrunk by -19.55%%.
Data on historical trading for Schlumberger Ltd (NYSE:SLB) indicates that the trading volumes over the past 3 months, they’ve averaged 13.93 million. According to company’s latest data on outstanding shares, there are 1.40 billion shares outstanding.
Nearly 0.20% of Schlumberger Ltd’s shares belong to company insiders and institutional investors own 88.71% of the company’s shares. The stock has risen by 3.70% 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.
