The trading price of Schlumberger Ltd. (NYSE:SLB) closed lower on Friday, April 19, closing at $49.85, -2.14% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 16.59, while its 5Y monthly beta was 1.62. In examining the 52-week price action we see that the stock hit a 52-week high of $62.12 and a 52-week low of $42.73. Over the past month, the stock has lost -8.36% in value.
Schlumberger Ltd., whose market valuation is $70.94 billion at the time of this writing, is expected to release its quarterly earnings report Apr 19, 2024. The dividend yield on the company stock is 2.06%, while its Forward Dividend ratio is 1.02. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Schlumberger Ltd. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SLB has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.84, which symbolizes a positive outlook. A quick review shows that SLB’s price is currently -7.15% off the SMA20 and -3.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 30.83, and weekly volatility stands at 2.54%. When measured over the past 30 days, the indicator reaches 2.33%. Schlumberger Ltd. (NYSE:SLB)’s beta value is currently sitting at 1.62, while the Average True Range indicator is currently displaying 1.26.
To see how Schlumberger Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: SLB stock’s performance was -2.14% in the latest trading, and -5.28% in the past year. Schlumberger Ltd. has a P/E ratio of 16.59.
An evaluation of the daily trading volume of Schlumberger Ltd. (NYSE:SLB) indicates that the 3-month average is 10.92 million.
Currently, records show that 1.43 billion of the company’s shares remain outstanding. The insiders hold 0.21% of outstanding shares, whereas institutions hold 84.34%. However, since the stock’s price has seen -4.21% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
