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Tuesday, June 6, 2023

What Are The Chances Of Schlumberger Limited (NYSE: SLB) Becoming A Clear Buy?

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 intact, with the stock’s consolidated last price rising by $0.11, or 0.24%, to $46.17. The Schlumberger Limited has recorded 219,096 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that SLB Announces First-Quarter 2023 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 $46.06 and fluctuated between $46.49 as its day high and $45.80 as its day low. The current market capitalization of Schlumberger Limited is $65.04B. A total of 7.54 million shares were traded on the day, compared to an average of 9.76M 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 21 BUY and 13 SELL insider trades, representing the acquisition of 183,928 and the disposition of 99,540 shares. Over the last 12 months, there were 52 BUYs and 50 SELLs from insiders. Insiders purchased 1,570,493 shares during that period but sold 1,045,378.

In the most recent transaction, Biguet Stephane sold 6,250 shares of SLB for 49.56 per share on Apr 24. After the transaction, the EVP & CFO now owns 213,515 company shares. In a previous transaction on Mar 20, Biguet Stephane sold 6,250 shares at 44.77 per share. SLB shares that EVP & CFO owns now total 219,765.

Among the insiders who sold shares, Rennick Gavin disposed of 20,000 shares on Mar 08 at a per-share price of $54.10. This resulted in the President New Energy holding 64,393 shares of SLB after the transaction. In another insider transaction, Kasibhatla Vijay sold 16,000 shares at $55.99 per share on Mar 03. Company shares held by the Director, M&A now total 49,378.


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 2.17%, and it has a price to earnings (P/E) ratio of 17.17. SLB’s most recent ex-dividend date was 6/6/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 7/13/2023. Previously, the company paid the dividend on 4/6/2023 with an ex-dividend date of 2/7/2023. The SLB stock dividend was $0.25 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 $65.23 with high estimates of $75.00 and low estimates of $55.00. 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 $0.71 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $0.75 per share and a lower estimate of $0.67. The company reported an EPS of $0.71 in the last quarter, which was 4.40% higher than expectations of $0.68.

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. SLB’s latest balance sheet shows that the firm has $3.14B in Cash & Short Term Investments as of fiscal 2021. There were $14.20B in debt and $10.36B in liabilities at the time. Its Book Value Per Share was $12.67, while its Total Shareholder’s Equity was $15.29B.

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, 0 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 Buy with a score of 4.83.

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