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 -$0.19, or -0.34%, to $55.16. The Schlumberger Limited has recorded 159,621 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that SLB Introduces Low-Carbon Alternative for Well Construction Cement.
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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 $55.35 and fluctuated between $55.73 as its day high and $54.94 as its day low. The current market capitalization of Schlumberger Limited is $77.64B. A total of 6.12 million shares were traded on the day, compared to an average of 9.44M shares.
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 26 BUY and 25 SELL insider trades, representing the acquisition of 1,295,226 and the disposition of 776,365 shares. Over the last 12 months, there were 44 BUYs and 43 SELLs from insiders. Insiders purchased 1,528,043 shares during that period but sold 1,017,381.
In the most recent transaction, Rennick Gavin sold 17,550 shares of SLB for 57.12 per share on Jan 27. After the transaction, the President New Energy now owns 77,479 company shares. In a previous transaction on Jan 26, Sonthalia Rajeev sold 24,150 shares at 56.52 per share. SLB shares that Pres Digital & Integration owns now total 30,228.
Among the insiders who sold shares, Merad Abdellah disposed of 70,000 shares on Jan 23 at a per-share price of $57.20. This resulted in the EVP, Core Services & Equipment holding 204,357 shares of SLB after the transaction. In another insider transaction, Sonthalia Rajeev sold 65,740 shares at $56.11 per share on Jan 23. Company shares held by the Pres Digital & Integration now total 54,378.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Schlumberger Limited pays an annual dividend of $1.00, resulting in a dividend yield of 1.81%, and it has a price to earnings (P/E) ratio of 23.13. 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 $64.90 with high estimates of $75.00 and low estimates of $48.00. In terms of 52-week highs and lows, SLB has a high of $62.78 and a low of $30.65.
As of this writing, SLB has an earnings estimate of $0.6 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $0.65 per share and a lower estimate of $0.55. The company reported an EPS of $0.63 in the last quarter, which was 14.50% higher than expectations of $0.55.
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.
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 4.82. A total of 24 analysts rated the stock as Buy while 4 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.