Schlumberger Limited (NYSE:SLB) has a beta of 2.39. The stock’s Relative Strength Index (RSI) is 70.11, with weekly volatility at 4.62% and ATR at 1.24. The SLB stock’s 52-week price range has touched low of $13.70 and a $36.87 high. Its shares traded lower over the last trading session, losing -1.62% on 06/07/21. The shares fell to a low of $35.66 before closing at $35.83. Intraday shares traded counted 10.08 million, which was 27.13% higher than its 30-day average trading volume of 13.83M. SLB’s previous close was $36.42 while the outstanding shares total 1.40B.
Investors have identified the Oil & Gas Equipment & Services company Schlumberger Limited as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $50.24 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Schlumberger Limited (SLB) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 12.81 billion total, with 9.87 billion as their total liabilities.
SLB were able to record 251.0 million as free cash flow during the 07/16/2021 quarter of the year, this saw their quarterly net cash flow reduce by 424.0 million. In cash movements, the company had a total of 429.0 million as operating cash flow.
Potential earnings growth for Schlumberger Limited (SLB)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/16/2021 quarter of the year, Schlumberger Limited recorded a total of 5.22 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -42.73% coming in sequential stages and their sales for the 07/16/2021 quarter reducing by -5.92%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 4.72 billion trying to sell their products during the last quarter, with the result yielding a gross income of 503.0 million. This allows shareholders to hold on to 1.40B with the recently reported earning now reading 0.21 cents per share. This is a figure that compared to analyst’s prediction for their 07/16/2021 (0.21 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.60 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SLB sounds very interesting.
Is the stock of SLB attractive?
In related news, EVP, Services & Equipment, Gharbi Hinda sold 30,000 shares of the company’s stock in a transaction that recorded on May 06. The sale was performed at an average price of 30.10, for a total value of 902,910. As the sale deal closes, the EVP, Geographies, Al Mogharbel Khaled now sold 44,632 shares of the company’s stock, valued at 1,353,242. Also, EVP, Performance Management, Merad Abdellah sold 40,000 shares of the company’s stock in a deal that was recorded on Mar 09. The shares were price at an average price of 29.44 per share, with a total market value of 1,177,560. Following this completion of acquisition, the Chief Accounting Officer, Guild Howard now holds 10,000 shares of the company’s stock, valued at 249,550. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
19 out of 27 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on Schlumberger Limited. 0 analysts has assigned a Sell rating on the SLB stock. The 12-month mean consensus price target for the company’s shares has been set at $31.14.