Schlumberger Limited (SLB) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. The stock has been active on the tape, currently trading at $67.14, down from yesterday’s close by -1.40%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Schlumberger Limited (SLB) currently trades with a market capitalization of $93.19 Billion. That value represents a market adjusting for revenues that have been growing by 15.08 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $3.56 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.4 on a per share basis this quarter. Perhaps, that suggests something about why 1.32% of the outstanding share supply is held by institutional investors.
As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Schlumberger Limited recorded a 52-week high of $80.89. It is now trading 13.75% off that level. The stock is trading $70.91 its 50-day moving average by 3.77%. The stock carved out a 52-week low down at $61.02.
In recent action, Schlumberger Limited (SLB) has made a move of +0.45% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.66% with $1.38 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SLB.