Schlumberger (NYSE:SLB - Get Free Report) is projected to post its Q1 2025 quarterly earnings results before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $8.64 billion for the quarter.
Schlumberger Price Performance
Shares of NYSE SLB traded down $0.58 on Wednesday, hitting $34.03. The company's stock had a trading volume of 17,254,317 shares, compared to its average volume of 13,108,199. The stock has a 50 day moving average of $38.91 and a 200-day moving average of $40.56. The company has a market capitalization of $46.28 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. Schlumberger has a 12-month low of $31.11 and a 12-month high of $50.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.
Insider Activity
In related news, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the sale, the insider now directly owns 30,829 shares in the company, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the transaction, the insider now owns 31,031 shares in the company, valued at approximately $1,311,990.68. This represents a 44.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,647 shares of company stock valued at $4,876,679. Company insiders own 0.26% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Schlumberger stock. Brighton Jones LLC grew its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 21.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,611 shares of the oil and gas company's stock after acquiring an additional 1,166 shares during the period. Brighton Jones LLC's holdings in Schlumberger were worth $253,000 as of its most recent SEC filing. 81.99% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Evercore ISI reiterated an "in-line" rating and set a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. JPMorgan Chase & Co. lifted their price objective on Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. TD Cowen raised their price target on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Stifel Nicolaus cut their price objective on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $54.15.
Check Out Our Latest Stock Analysis on SLB
About Schlumberger
(
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Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
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