Schlumberger Limited’s Stock Price Drops to $41.92, a Sharp 4.71% Decrease: An In-depth Analysis of SLB’s Performance

Schlumberger Limited (SLB)

41.92 USD -2.07 (-4.71%) Volume: 21.33M

Explore Schlumberger Limited’s stock price performance – currently valued at 41.92 USD, witnessing a negative change of -4.71% this trading session. With a trading volume of 21.33M, the oilfield services company’s stock holds a year-to-date percentage change of -19.45%, indicating a turbulent market presence.

Latest developments on Schlumberger Limited

Despite reporting a Q3 2024 revenue of $9.16 billion and EPS of $0.83, slightly missing revenue estimates, Schlumberger Ltd‘s stock slumped as falling oil prices made customers cautious. However, the stock later gained as profit topped expectations, offsetting the revenue miss. Vontobel Holding Ltd. also boosted its stake in Schlumberger Limited, while LaFleur & Godfrey LLC sold 64,443 shares. Overall, Schlumberger’s stock outperformed competitors on a strong trading day, showing resilience in the face of market fluctuations.

Schlumberger Limited on Smartkarma

Analysts on Smartkarma are bullish on Schlumberger Ltd, with Suhas Reddy highlighting the company’s international growth potential in Q3. The company is expected to see a 12% YoY revenue increase and a 15.4% rise in EPS, driven by advancements in carbon capture and lithium production. Schlumberger’s focus on cost-efficiency programs and digital sales is projected to boost its EBITDA margin to 25% or higher in 2024.

Baptista Research also sees positive growth drivers for Schlumberger, noting a shift towards natural gas and offshore performance driving revenue growth. In Q2 2024, the company reported a 5% revenue increase and an 11% growth in adjusted EBITDA. With a strong ability to capitalize on growth cycles and drive efficiency, Schlumberger is positioned for further success in the market.

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

When looking at the long-term outlook for Schlumberger Ltd, the company appears to have a positive overall outlook based on the Smartkarma Smart Scores. With a high score in Growth and Dividend, it suggests that the company is positioned well for future expansion and has the potential to provide stable returns to investors. Additionally, the company’s score in Resilience indicates that it has the ability to withstand economic challenges and maintain its operations effectively.

Schlumberger Ltd, an oil services company, has received a solid rating in terms of its overall outlook according to the Smartkarma Smart Scores. While the company may not score as high in Value and Momentum, its strong scores in Growth and Dividend suggest promising prospects for the future. With a wide range of services provided to the international petroleum industry, Schlumberger Ltd is well-positioned to continue offering advanced solutions and maintaining its presence in the market.

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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