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Stock Charts AI Power Rank: 0.7
Power Rank trend -> Falling
09/06/2024 16:27:00 EST
Schlumberger NV (SLB)
Industry: Oil & Gas Equipment & Services
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, SLB has been trading in a range between $45.30 and $42.02 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Schlumberger NV $SLB entered a Red zone 40 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $64.37, a potential upside of 58.47% from the recent price of 40.62. The stock is trading 49.38% (potential upside) below its 52 week high of $60.68 and 0.62 % (potential downside) above its 52 week low of $40.37 - based on the recent price.
Company Summary
Schlumberger Limited engages in the provision of technology for the energy industry worldwide The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
News
| Here is What to Know Beyond Why Schlumberger Limited (SLB) is a Trending Stock Schlumberger (SLB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects. Source: Zacks Investment Research Thu, 05 Sep 2024 10:06:28 -0400 Sentiment: Positive |
| Final Trades: SLB, Invitation Homes, Arthur J. Gallagher & Co. The Investment Committee share their top stocks to watch for the second half. Source: CNBC Television Tue, 03 Sep 2024 13:48:11 -0400 Sentiment: Neutral |
| 3 Broker-Favored Energy Stocks That Investors Should Monitor Considering the unpredictability and volatility of the energy space, we advise focusing on broker-favored stocks like SLB, Valero Energy and Targa Resources. Source: Zacks Investment Research Tue, 03 Sep 2024 10:12:10 -0400 Sentiment: Negative |
| Faropoint Launches $300 Million Industrial SLB Fund, Seizing Sale-Leaseback Opportunities in a Liquidity-Constrained Market HOBOKEN, N.J.--(BUSINESS WIRE)--Faropoint, a leading tech-enabled US industrial real estate investment manager, announces the launch of its $300 million target Industrial Sale-Leaseback (“SLB”) Fund. This announcement follows the recent final close of Faropoint's Industrial Value Fund III at $915 million, exceeding its $750 million target and attracting premier institutions across North America, Europe, and the Middle East. The Industrial SLB Fund, which secured $170 million in committed capita. Source: Business Wire Tue, 03 Sep 2024 10:10:00 -0400 Sentiment: Neutral |
| SLB: Buy High Quality At A Discount Schlumberger offers a compelling value opportunity with strong business performance, low P/E, and forward growth expectations. The company's focus on resilient market segments and robust digital growth, combined with the pending ChampionX acquisition, positions SLB well for continued growth. SLB has a solid balance sheet, expanding margins, and a robust capital return strategy, including dividends and share buybacks, enhancing shareholder value. Source: Seeking Alpha Tue, 03 Sep 2024 08:05:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 60.6847 52 Week Low: 40.3708 Beta: 1.528 50 Day MA: 45.6502 200 Day MA: 48.7577 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.069 Qtr Revenue Growth YOY: 0.117 Forward PE: 9.8814 Trailing PE: 13.2745