After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Nabors Announces Fourth Quarter 2023 Results.
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Stocks Info
Schlumberger Ltd. is listed on the NYSE in the Energy sector while operating in the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $49.35 and fluctuated between $49.72 as its day high and $48.81 as its day low. The current market capitalization of Schlumberger Ltd. is $70.71B. A total of 7.88 million shares were traded on the day, compared to an average of 12.01M shares.
Insider Activity
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, SLB has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 6,250 shares. Over the last 12 months, there were 15 BUYs and 22 SELLs from insiders. Insiders purchased 61,949 shares during that period but sold 226,818.
In the most recent transaction, Merad Abdellah sold 50,000 shares of SLB for 48.52 per share on Feb 26. After the transaction, the EVP, Core Services & Equipment now owns 261,507 company shares. In a previous transaction on Feb 26, Biguet Stephane sold 6,250 shares at 48.64 per share. SLB shares that EVP & CFO owns now total 242,932.
Among the insiders who sold shares, Rennick Gavin disposed of 20,045 shares on Feb 01 at a per-share price of $48.77. This resulted in the President New Energy holding 77,563 shares of SLB after the transaction. In another insider transaction, Beumelburg Katharina sold 8,000 shares at $52.62 per share on Jan 29. Company shares held by the Chief Sustainability Officer now total 15,581.
Dividend
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Schlumberger Ltd. pays an annual dividend of $1.02, resulting in a dividend yield of 2.08%, and it has a price to earnings (P/E) ratio of 16.95. SLB’s most recent ex-dividend date was 2/6/2024 when it declared a $0.25 quarterly dividend that was paid in cash on 4/4/2024. Previously, the company paid the dividend on 1/11/2024 with an ex-dividend date of 12/5/2023. The SLB stock dividend was $0.25 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, SLB has a high of $62.12 and a low of $42.73.
As of this writing, SLB has an earnings estimate of $0.75 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $0.8 per share and a lower estimate of $0.73. The company reported an EPS of $0.71 in the last quarter, which was 1.40% higher than expectations of $0.7.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $14.14, while its Total Shareholder’s Equity was $15.29B.
Analysts Opinion
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.85.
