Stocks of Schlumberger Ltd (NYSE:SLB) traded higher last session on Wall Street, up 0.64% to $43.94.
SLB stock price is now 2.28% away from the 50-day moving average and -5.29% away from the 200-day moving average. The market capitalization of the company currently stands at $62.45B.
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With the price target reduced from $68 to $65, TD Cowen maintained Buy rating for Schlumberger Ltd (NYSE: SLB). On July 22, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $62 to quote $64, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Biguet Stephane, EVP & CFO sold 11,520 shares of the company’s stock on Nov 13 ’24. The stock was sold for $512,294 at an average price of $44.47. Upon completion of the transaction, the EVP & CFO now directly owns 191,556 shares in the company, valued at $8.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 13 ’24, Officer Biguet Stephane bought 11,520 shares of the business’s stock. A total of $512,294 was incurred on buying the stock at an average price of $44.47. A total of 0.21% of the company’s stock is owned by insiders.
During the past 12 months, Schlumberger Ltd has had a low of $38.66 and a high of $55.69. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 1.48, and a quick ratio of 1.12. According to the stock market information, the enterprise value for the company is $71781056512, which is based on a 14.14 price-to-earnings ratio, a 1.41 price-to-earnings-growth ratio, and a beta of 1.53. The fifty day moving average price for SLB is $42.9584 and a two-hundred day moving average price translates $46.39615 for the stock.
The latest earnings results from Schlumberger Ltd (NYSE: SLB) was released for 2024-09-30. The net profit margin was 12.44% and return on equity was 21.90% for SLB. The company reported revenue of $9.16 billion for the quarter, compared to $8.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.22 percent.
