Schlumberger Limited [NYSE: SLB] will report earnings after markets close on Friday, January 22nd.
SLB Earnings Forecast For The Current Quarter
Schlumberger Limited [SLB] is expected to report weak earnings results for the quarter ending in Dec 2020. Consensus estimates give the company expected revenues of $5.25B and earnings per share of $0.17 for Dec 2020. Looking further ahead, the company is expected to report revenue of $5.02B at an EPS of $0.17 for Mar 2021. The estimates represent a downside of -8.70% and 34.53% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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SLB Earnings Estimates For The Current Year
For the financial year, Schlumberger Limited [NYSE: SLB] is expected to bring in revenue of $23.34B. The returns are nearly $-9.58 billion lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for 2020, the estimate put it at 0.64, lower than that of FY19 by -$0.83. Estimates put this year’s earnings growth at -56.50%, 35.90% for the next, and at an annual -1.79% over the next 5-year period. As for sales, forecasts are for a decrease of -29.10% in the current fiscal year and a further -8.70% over the following year.
SLB Price Performance
On Wall Street, Schlumberger Limited [NYSE: SLB] finished Wednesday’s session down -0.28% at $25.35. The stock went up to $25.68 at the same session while its lowest single-day price was $24.915. In the last five days, it saw a fall of about -3.02%, Schlumberger Limited shares gained by almost 16.12% since the beginning of the year. However, the share price has dropped to as low as -32.81% below its one year high. On 01/12/21, the company shares recorded $26.73, the highest single-day price it has got to in the last 52-weeks, and a 52-week low was seen on 01/04/21, the same year at $21.59. The company’s shares have declined by -31.39% in the past year. The 50-day SMA achieved is $22.04 while the 200-day SMA is $18.79. Volume dropped to 10.57 million from 21.21 million in the previous session.
SLB Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 25.35 level, and in case of violation of this particular level, it will cause more drop to 24.95 level. On the upper level, 26.48 is still the key resistance. The stock may increase to the subsequent resistance at 26.08. The Relative Strength Index (RSI) pinned on the 14-day chart is 63.50, implying a neutral technical stance while the MACD stands at 0.86, meaning the price will decrease in the next trading period. Percent R indicator moved to 25.37%, implying bullish price movement. Stochastic %K at 72.91% suggest holding the stock.
Is Schlumberger Limited [NYSE: SLB] a Good Buy Right Now?
It should be noted that SLB technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Schlumberger Limited’s Trend Spotter indicated that the signals were Weakening. The stock current average is 12.25 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 13.41 million shares while the medium-term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 14.11 million shares.
What is the short interest in Schlumberger Limited?
Short interest in the Schlumberger Limited stock has plunged, decreasing by -0.8 million shares to a total of 19.28 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020, stand at 18.48 million, data from Yahoo Finance shows. The increase of 4.15% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 1.39% of the overall float for the stock.
Schlumberger Limited’s Biggest Shareholders: Who Owns Schlumberger Limited [SLB]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 103,480,100 shares or roughly 7.43% of the outstanding SLB shares. This means their shares have reduced by -6,284,362 from the 103,480,100 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Dodge & Cox updated stake is worth $1,788,428,098. Details in the latest 13F filings reveal that SSgA Funds Management, Inc. disposed of their -1.85% stake valued at $1,656,086,387 while BlackRock Fund Advisors cut theirs at $1,357,216,004. During the last quarter, SSgA Funds Management, Inc. liquidated -1,428,154 of its shares in Schlumberger Limited while BlackRock Fund Advisors sold -6,372,280 shares. The First Eagle Investment Management’s holdings currently number 31,563,913 shares at $800145194.55. According to the firm’s last 13F report, Capital Research & Management Co shares in the company at filing stood at 29,393,214 shares, roughly $641,653,862.
What are analyst thoughts on Schlumberger Limited?
Looking forward to the Schlumberger Limited share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Schlumberger Limited stock at $27.00 within the next 12 months, which represents almost 6.11 percent growth from its previous closing price of $25.35. The highest analysts’ target for Schlumberger Limited stock projections is $37.00 and the lowest one is $17.00. Still, 32 analysts sharing their consensus rating for SLB stock in 2021 agree that it is Overweight.