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Wednesday, February 8, 2023

Searching For Real Value In Market Debris At Schlumberger Limited (NYSE: SLB)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Schlumberger Limited (SLB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -0.07%, to $55.82. The Schlumberger Limited has recorded 581,570 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted SLB Announces Fourth-Quarter and Full-Year 2022 Results.

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Stocks Info

As a NYSE listed company, SLB falls under the Energy sector while operating within the Oil & Gas Equipment & Services industry segment. At the end of the last regular session, the stock closed at $55.86 and fluctuated between $57.70 as its day high and $55.23 as its day low. The current market capitalization of Schlumberger Limited is $79.25B. A total of 15.08 million shares were traded on the day, compared to an average of 12.62M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SLB has seen 2 BUY and 9 SELL insider trades, representing the acquisition of 50,089 and the disposition of 151,306 shares. Over the last 12 months, there were 33 BUYs and 35 SELLs from insiders. Insiders purchased 321,779 shares during that period but sold 379,363.

In the most recent transaction, Ralston Dianne B. sold 10,493 shares of SLB for 52.52 per share on Dec 23. After the transaction, the Chief Legal Officer & Sec now owns 23,379 company shares. In a previous transaction on Nov 16, Kasibhatla Vijay sold 14,000 shares at 54.15 per share. SLB shares that Director, M&A owns now total 32,932.

Among the insiders who sold shares, Al Mogharbel Khaled disposed of 57,467 shares on Nov 14 at a per-share price of $54.85. This resulted in the EVP, Geographies holding 183,551 shares of SLB after the transaction. In another insider transaction, Rennick Gavin sold 21,368 shares at $54.85 per share on Nov 11. Company shares held by the President New Energy now total 32,565.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Schlumberger Limited pays an annual dividend of $0.70, resulting in a dividend yield of 1.25%, and it has a price to earnings (P/E) ratio of 26.97. SLB’s most recent ex-dividend date was 2/7/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 4/6/2023. Previously, the company paid the dividend on 1/12/2023 with an ex-dividend date of 12/6/2022. The SLB stock dividend was $0.1750 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for SLB in the last 3 months, the mean price target is $62.65 with high estimates of $72.00 and low estimates of $47.00. In terms of 52-week highs and lows, SLB has a high of $59.45 and a low of $30.65.

As of this writing, SLB has an earnings estimate of $0.55 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.55 per share and a lower estimate of $0.54. The company reported an EPS of $0.32 in the last quarter, which was 3.20% higher than expectations of $0.31.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 31 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SLB is Sell with a score of 4.83. A total of 24 analysts rated the stock as Buy while 3 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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