Schlumberger Ltd (NYSE: SLB) has reported E.P.S. of $0.84 for its third fiscal quarter (ending September 30) versus $0.79 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $3.14 compared to $2.92 a year ago.
Recent Price Action
Schlumberger Ltd (NYSE: SLB) stock closed at $41.92 on 10/18/24 after a decline of -4.7%. Moreover, unusually high trading volume at 184% of normal accompanied the decline. The stock has declined -6.0% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
SLB is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Schlumberger has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Schlumberger has a slightly positive Appreciation Score of 60 but a slightly negative Power Rating of 33, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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