Stocks of Schlumberger Ltd (NYSE:SLB) traded higher last session on Wall Street, up 1.26% to $37.73.
SLB stock price is now -9.72% away from the 50-day moving average and -17.30% away from the 200-day moving average. The market capitalization of the company currently stands at $53.95B.
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On December 19, 2024, Piper Sandler recently initiated its ‘Neutral’ rating on the stock quoting a target price of $47, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, de La Chevardiere Patrick, Director sold 8,000 shares of the company’s stock on Sep 04 ’24. The stock was sold for $335,502 at an average price of $41.94. Upon completion of the transaction, the Director now directly owns 22,811 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03 ’24, Director de La Chevardiere Patrick sold 2,000 shares of the business’s stock. A total of $94,554 was realized by selling the stock at an average price of $47.28. This leaves the insider owning 30,811 shares of the company worth $1.16 million. 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 $36.52 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 $61740642304, which is based on a 12.15 price-to-earnings ratio, a 1.21 price-to-earnings-growth ratio, and a beta of 1.54. The fifty day moving average price for SLB is $41.9344 and a two-hundred day moving average price translates $45.6909 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.
