The time has not yet come to remove your chips from the table: Schlumberger Limited (SLB)

Schlumberger Limited (NYSE: SLB) stock jumped 0.37% on Wednesday to $46.23 against a previous-day closing price of $46.06. With 6.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.78 million shares. The 52-week range on SLB shows that it touched its highest point at $59.45 and its lowest point at $30.65 during that stretch. It currently has a 1-year price target of $64.33. With its current market cap of 65.28 billion, SLB has annualized dividend of $1.00 while the current yield stands at 2.16%. Beta for the stock currently stands at 1.79.

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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 3.89%, but this was down by -5.58% over a month. Three-month performance dropped to -13.30% while six-month performance fell -11.56%. The stock gained 5.52% in the past year, while it has lost -13.52% so far this year. A look at the trailing 12-month EPS for SLB yields 2.68 with Next year EPS estimates of 3.74. For the next quarter, that number is 0.71. This implies an EPS growth rate of 81.70% for this year and 23.91% for next year. EPS is expected to grow by 32.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 34.00%.

Float and Shares Shorts:

At present, 1.43 billion SLB shares are outstanding with a float of 1.42 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 21.51 million, which was 1.51% higher than short shares on Mar 30, 2023. 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 83.28% of SLB’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.44% of SLB, in contrast to 30.22% held by mutual funds. Shares owned by individuals account for 2.89%. As the largest shareholder in SLB with 8.54% of the stake, The Vanguard Group, Inc. holds 121,743,436 shares worth 121,743,436. A second-largest stockholder of SLB, SSgA Funds Management, Inc., holds 82,933,553 shares, controlling over 5.82% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in SLB, holding 65,759,785 shares or 4.61% stake. With a 4.72% stake in SLB, the RBC Global Resources Fund is the largest stakeholder. A total of 67,300,000 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.11% of SLB stock, is the second-largest Mutual Fund holder. It holds 44,358,611 shares valued at 2.19 billion. Vanguard 500 Index Fund holds 2.34% of the stake in SLB, owning 33,334,147 shares worth 1.65 billion.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, SLB reported revenue of $6.77B and operating income of $965.00M. The EBITDA in the recently reported quarter was $1.28B and diluted EPS was $0.67.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SLB since 0 analysts follow the stock currently. 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 $75.00 and a low target of $55.00, the average target price over the next 12 months is $65.23. Based on these targets, SLB could surge 62.23% to reach the target high and rise by 18.97% to reach the target low. Reaching the average price target will result in a growth of 41.1% 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.

Summary of Insider Activity:

Insiders traded SLB stock several times over the past three months with 21 Buys and 13 Sells. In these transactions, 183,928 shares were bought while 99,540 shares were sold. The number of buy transactions has increased to 52 while that of sell transactions has risen to 50 over the past year. The total number of shares bought during that period was 1,570,493 while 1,045,378 shares were sold.

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