Schlumberger Ltd. (NYSE: SLB): Is It A Buying Opportunity Again?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Nabors Announces Fourth Quarter 2023 Results.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Stocks Info

SLB belongs to the Energy sector of the NYSE while operating in the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $51.57 and fluctuated between $51.84 as its day high and $51.07 as its day low. The current market capitalization of Schlumberger Ltd. is $73.89B. A total of 6.98 million shares were traded on the day, compared to an average of 11.81M shares.

In the most recent transaction, Merad Abdellah sold 50,000 shares of SLB for 48.52 per share on Feb 26 ’24. After the transaction, the EVP, Core Services & Equipment now owns 261,507 company shares. In a previous transaction on Feb 26 ’24, 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 ’24 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 ’24. Company shares held by the Chief Sustainability Officer now total 15,581.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Schlumberger Ltd. pays an annual dividend of $1.02, resulting in a dividend yield of 1.99%, and it has a price to earnings (P/E) ratio of 17.72. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 4.85.

Most Popular

Related Posts