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SLB
Stock ticker: NYSE
AS OF
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Capitalization
84.97B

SLB Schlumberger Limited Forecast, Technical & Fundamental Analysis

a provider of oilfield services such as distributing oil and gas information technologies and providing consulting services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SLB with price predictions
08:00 PM EDT Sep 19, 2023

SLB's RSI Indicator recovers from overbought zone

The 10-day RSI Indicator for SLB moved out of overbought territory on September 13, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 instances where the indicator moved out of the overbought zone. In of the 36 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SLB as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SLB turned negative on September 19, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SLB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SLB broke above its upper Bollinger Band on September 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SLB advanced for three days, in of 317 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 285 cases where SLB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. SLB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.566) is normal, around the industry mean (3.818). P/E Ratio (21.882) is within average values for comparable stocks, (39.821). Projected Growth (PEG Ratio) (1.127) is also within normal values, averaging (2.120). Dividend Yield (0.015) settles around the average of (0.040) among similar stocks. P/S Ratio (2.763) is also within normal values, averaging (2.380).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SLB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Valaris Limited (NYSE:VAL).

Industry description

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

Market Cap

The average market capitalization across the Oilfield Services/Equipment Industry is 3.09B. The market cap for tickers in the group ranges from 717 to 84.97B. SLB holds the highest valuation in this group at 84.97B. The lowest valued company is FLSS at 717.

High and low price notable news

The average weekly price growth across all stocks in the Oilfield Services/Equipment Industry was -1%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 26%. GZPZY experienced the highest price growth at 13%, while FTK experienced the biggest fall at -16%.

Volume

The average weekly volume growth across all stocks in the Oilfield Services/Equipment Industry was -19%. For the same stocks of the Industry, the average monthly volume growth was 61% and the average quarterly volume growth was -15%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 74
Price Growth Rating: 45
SMR Rating: 70
Profit Risk Rating: 86
Seasonality Score: 1 (-100 ... +100)
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

SLB is expected to report earnings to rise 7.31% to 77 cents per share on October 20

Schlumberger Limited SLB Stock Earnings Reports
Q3'23
Est.
$0.77
Q2'23
Beat
by $0.01
Q1'23
Beat
by $0.03
Q4'22
Beat
by $0.03
Q3'22
Beat
by $0.08
The last earnings report on July 21 showed earnings per share of 72 cents, beating the estimate of 70 cents. With 6.84M shares outstanding, the current market capitalization sits at 84.97B.
A.I.Advisor
published Dividends

SLB is expected to pay dividends on October 12, 2023

Schlumberger Limited SLB Stock Dividends
A dividend of $0.25 per share will be paid with a record date of October 12, 2023, and an ex-dividend date of September 05, 2023. The last dividend of $0.25 was paid on July 13. Read more...
A.I. Advisor
published General Information

General Information

a provider of oilfield services such as distributing oil and gas information technologies and providing consulting services

Industry OilfieldServicesEquipment

Profile
Fundamentals
Details
Industry
Oilfield Services Or Equipment
Address
5599 San Felipe
Phone
+1 713 513-2000
Employees
99000
Web
https://www.slb.com
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SLB and

Correlation & Price change

A.I.dvisor indicates that over the last year, SLB has been closely correlated with HAL. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if SLB jumps, then HAL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SLB
1D Price
Change %
SLB100%
-1.62%
HAL - SLB
88%
Closely correlated
-1.28%
NOV - SLB
83%
Closely correlated
-1.85%
FTI - SLB
77%
Closely correlated
+0.15%
BKR - SLB
77%
Closely correlated
-2.07%
LBRT - SLB
74%
Closely correlated
-1.73%
More

Groups containing SLB

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SLB
1D Price
Change %
SLB100%
-1.62%
SLB
(undefined stocks)
90%
Closely correlated
-1.38%
oil field equipment
(undefined stocks)
87%
Closely correlated
-1.06%
oil field service
(undefined stocks)
86%
Closely correlated
-1.12%
oil fracking
(undefined stocks)
86%
Closely correlated
-0.94%
exploring oil and gas
(undefined stocks)
85%
Closely correlated
-2.05%
More