Schlumberger Limited (NYSE: SLB) stock jumped 0.80% on Friday to $36.69 against a previous-day closing price of $36.40. With 9.92 million shares changed hands, the volume of the stock remained lighter than its average volume of 13.94 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $37.18 whereas the lowest price it dropped to was $36.33. The 52-week range on SLB shows that it touched its highest point at $49.83 and its lowest point at $25.90 during that stretch. It currently has a 1-year price target of $49.36. With its current market cap of 50.91 billion, SLB has annualized dividend of $0.70 while the current yield stands at 1.91%. Beta for the stock currently stands at 1.88.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SLB was up-trending over the past week, with a rise of 3.06%, but this was up by 2.92% over a month. Three-month performance dropped to -6.19% while six-month performance fell -6.09%. The stock gained 28.74% in the past year, while it has gained 22.50% so far this year. A look at the trailing 12-month EPS for SLB yields 1.83 with Next year EPS estimates of 2.81. For the next quarter, that number is 0.55. This implies an EPS growth rate of 117.40% for this year and 38.94% for next year. EPS is expected to grow by 44.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 25.10%.
Float and Shares Shorts:
At present, 1.41 billion SLB shares are outstanding with a float of 1.41 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 25.25 million, which was 1.79% higher than short shares on Jun 14, 2022. In addition to Mr. Olivier Le Peuch as the firm’s CEO & Director, Mr. Stephane Biguet serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 80.95% of SLB’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.56% of SLB, in contrast to 33.42% held by mutual funds. Shares owned by individuals account for 2.87%. As the largest shareholder in SLB with 8.20% of the stake, The Vanguard Group, Inc. holds 115,964,892 shares worth 115,964,892. A second-largest stockholder of SLB, SSgA Funds Management, Inc., holds 91,590,349 shares, controlling over 6.48% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in SLB, holding 73,976,666 shares or 5.23% stake. With a 2.95% stake in SLB, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 41,681,306 shares are owned by the mutual fund manager. The SPDR Series – Energy Select Secto, which owns about 2.75% of SLB stock, is the second-largest Mutual Fund holder. It holds 38,822,443 shares valued at 1.39 billion. Vanguard 500 Index Fund holds 2.21% of the stake in SLB, owning 31,282,624 shares worth 1.12 billion.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SLB since 30 analysts follow the stock currently. There are 22 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 5 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SLB analysts setting a high price target of $61.00 and a low target of $43.00, the average target price over the next 12 months is $49.73. Based on these targets, SLB could surge 66.26% to reach the target high and rise by 17.2% to reach the target low. Reaching the average price target will result in a growth of 35.54% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SLB will report FY 2022 earnings on 01/20/2023. Analysts have provided yearly estimates in a range of $2.23 being high and $1.70 being low. For SLB, this leads to a yearly average estimate of $2.00. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Schlumberger Limited surprised analysts by $0.10 when it reported $0.50 EPS against a consensus estimate of $0.40. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is $0.58 and the low estimate is $0.45. The average estimate for the next quarter is thus $0.54.
Summary of Insider Activity:
Insiders traded SLB stock several times over the past three months with 1 Buys and 4 Sells. In these transactions, 8,270 shares were bought while 38,886 shares were sold. The number of buy transactions has increased to 67 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 2,316,410 while 1,001,043 shares were sold.
