Schlumberger Limited (SLB)
41.63 USD -2.11 (-4.82%) Volume: 23.67M
Schlumberger Limited’s stock price stands at 41.63 USD, experiencing a decline of -4.82% this trading session with a high trading volume of 23.67M, yet maintaining a positive year-to-date (YTD) performance of +8.58%, showcasing its potential as a resilient investment in the volatile market.
Latest developments on Schlumberger Limited
Today, Schlumberger Ltd stock price movements were influenced by various key events. Perpetual Ltd raised its holdings in the company, indicating confidence in its future performance. Additionally, Guinness Asset Management LTD sold a significant number of shares, potentially affecting market sentiment. Analyst perspectives on Schlumberger stock, with 12 ratings, also played a role in shaping investor decisions. These developments highlight the dynamic nature of the stock market and the diverse factors that can impact stock prices.
Schlumberger Limited on Smartkarma
Analysts on Smartkarma are closely following Schlumberger Ltd, a company set to report strong Q4 earnings despite macroeconomic challenges. Suhas Reddy‘s research indicates a bullish sentiment from analysts and the options market, with Schlumberger’s OI PCR signaling neutral sentiment. For the 17th January expiry, calls are concentrated at certain strikes while puts dominate at others, reflecting market sentiment and volatility levels.
Furthermore, Suhas Reddy‘s insights suggest that Schlumberger Ltd has been defying sluggish quarters to beat expectations, with landmark breakthroughs in carbon capture and deepwater operations. The company is expected to see revenue and EPS growth in Q4 and fiscal 2024, with a track record of surpassing analyst projections. Despite challenges in drilling activity, Schlumberger has enhanced its digital solutions portfolio and secured contracts, positioning itself for potential growth in the future.
A look at Schlumberger Limited Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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 Smartkarma Smart Scores, Schlumberger Ltd has a positive long-term outlook. With high scores in Value, Dividend, and Growth, the company is positioned well for potential future success. However, its scores in Resilience and Momentum are slightly lower, indicating some areas for improvement. Overall, Schlumberger Ltd‘s diversified services and strong performance in key areas make it a promising investment option in the oil services industry.
Schlumberger Limited, an oil services company, offers a wide range of services to the international petroleum industry. With a focus on technology, project management, and information solutions, the company also provides advanced acquisition and data processing surveys. Smartkarma Smart Scores reflect a solid outlook for Schlumberger Ltd, with strong ratings in Value, Dividend, and Growth factors. Investors may find potential in Schlumberger Ltd‘s stable performance and commitment to innovation in the oil services sector.
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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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