Schlumberger Limited’s Stock Price Dips to $33.14, Marking a 4.72% Decline: Time for an Investment Opportunity?

Schlumberger Limited (SLB)

33.14 USD -1.64 (-4.72%) Volume: 36.02M

Schlumberger Limited’s stock price is currently trading at 33.14 USD, witnessing a drop of 4.72% this session with a substantial trading volume of 36.02M. Despite this, the year-to-date percentage change remains negative at -13.56%, indicating a challenging year for SLB investors.

Latest developments on Schlumberger Limited

Today, Schlumberger Ltd (NYSE:SLB) stock price experienced movements following key events in the market. Dynamic Technology Lab Private Ltd acquired 17,405 shares, while Samjo Management LLC revealed it as their 10th largest position. First Western Trust Bank holds $5.66 million in Schlumberger Ltd, with Franklin Resources Inc. also acquiring shares. However, Blair William & Co. IL sold 38,361 shares. Schroder Investment Management Group increased their position, and Alliancebernstein L.P. boosted their stock holdings. Analysts have given Schlumberger Ltd an average rating of “Moderate Buy”, indicating a positive outlook for the company.

Schlumberger Limited on Smartkarma

Analysts on Smartkarma are closely following Schlumberger Ltd, a company that is redefining oilfield services with digital innovation and shareholder rewards. Baptista Research highlights SLB’s latest financial performance, showing operational resilience and strategic initiatives driving shareholder value. The company beat analyst forecasts with fourth-quarter adjusted earnings per share of $0.92 and revenue of $9.28 billion, exceeding estimates by $100 million.

Additionally, Suhas Reddy’s insights on Smartkarma reveal that Schlumberger continues to outperform, beating estimates despite macro headwinds in Q4. The company sees growth in non-oil and gas operations, with revenue rising 3.3% YoY and net profit up 6.1% in fiscal 2024. Analysts remain bullish on SLB, anticipating strong Q4 earnings and projecting growth in revenue and EPS. Schlumberger’s innovative breakthroughs in carbon capture and deepwater operations position it well for continued success.

A look at Schlumberger Limited Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Schlumberger Ltd has a positive long-term outlook. With strong scores in Dividend, Growth, and Momentum, the company is positioned well for future success. The company’s focus on providing technology and project management services to the international petroleum industry has helped it maintain resilience in the market.

Schlumberger Ltd‘s overall outlook is favorable, with solid scores across key factors such as Dividend and Growth. As an oil services company, Schlumberger Ltd offers a wide range of services to the international petroleum industry. With a strong emphasis on technology and data processing surveys, the company is well-positioned for continued success in the long term.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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