Schlumberger Limited (SLB) will probably climb 37.25 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $90-month high price target. This represents a whopping 115.62 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $58, which represents a return potential of 38.96 percent when compared to the closing price of the stock of $41.74 on Friday, January 11. The lowest price target for the stock is $42 — slightly more than 0.62 percent from SLB’s current share price.
The stock is currently hovering around the first support level of $41.03. Below this, the next support is placed in the zone of $40.32. Till the time, the SLB stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 55.61 on daily chart, which may remain a cause for concern. If the price breaks below $40.32 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $42.11 mark may result into a pull-back move towards $42.48 level.
On 11th of January, Schlumberger Limited (NYSE:SLB) shares ended higher after a volatile session. The shares accumulated 0.09 points or 0.22 percent at $41.74 with a light trade volume of 13.329 million shares. After opening the session at $41.11, the shares went as high as $41.77 and as low as $40.69, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $57.8 billion and now has 1.39 billion shares outstanding. Schlumberger Limited (SLB) stock has gained 1.21 percent of market value in 21 trading days.
SLB stock has a trailing 3-year beta of 1.29, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.42 a share in the trailing twelve months. The stock’s value has surged 15.69 percent year to date (YTD) against a decline of -44.79 percent in 12 month’s time. The company’s shares still trade -48.05 percent away from its 1-year high of $80.35 and 19.29 percent up from 52-week low of $34.99. The average consensus rating on the company is 2.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Schlumberger Limited (SLB) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry SLB operates in has an average P/E of 12.25. Its P/E ratio went as low as 17.66X and as high as 42.92 over the 5-year span. Further, it is sporting a 1.76 on the Price-to-Sales ratio. Compare this with the industry average P/S of 19.65. 13.2 percent is the gross profit margin for Schlumberger Limited and operating margin sits at 0.6 percent. Along with this, the net profit margin is -2 percent.
Let’s take a look at some insider activity at Schlumberger Limited (NYSE:SLB) and see the pattern. The earliest insider trade took place on 12/20/2018. Schorn Patrick gathered a total of 10 thousand shares of company at average share price of $37.55. The total for the purchase was set at $375.5 thousand. After this transaction, the EVP Wells account balance stood at 35 thousand shares. The stock grew 11.16 percent since that insider purchase. On 10/30/2018, Ayat Simon, CFO, sold 60 thousand shares at a price per share of $56.6. This removed 3.4 million shares from the insider’s fortune and the stock saw a -26.25 percent retreat in value since the news became public. This transaction left 204.01 thousand shares in the CFO account.
On 09/06/2018, Director Marks Michael E performed a purchase transaction worth $482.48 thousand. This purchase at $60.31 each has added 8 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded -30.79 percent decrease since the transaction was reported. The insider now is left with 68.02 thousand shares remaining in the account. Jaramillo Claudia, who performs the VP, Treasurer job, sold 3 thousand shares for $218.04 thousand. The disposal occurred on 05/16/2018 was priced at $72.68 per share. The share price plunged -42.57 percent since the reporting date. Jaramillo Claudia now left with a stake of 3.16 thousand SLB stock worth $131.98 thousand after the insider selling.