For its first fiscal quarter (ending March 31), Schlumberger Ltd (NYSE: SLB) has reported E.P.S. of $0.75 compared to $0.65 a year ago. For the latest four quarters through March 31, E.P.S. were $3.05 compared to $2.72 a year ago.
Recent Price Action
Schlumberger Ltd (NYSE: SLB) stock closed at $49.85 on 4/19/24 after a decline of -2.1%. Moreover, trading volume in this decline was unusually high at 185% of normal. The stock has declined -7.7% 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 exceed the cost of capital.
Schlumberger has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Schlumberger has a neutral Appreciation Score of 48 and a slightly negative Power Rating of 35, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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