Shares of Energy sector company Schlumberger moved -0.8% today, and are now trading at a price of $56.57. The large-cap stock's daily volume was 6,544,925 compared to its average volume of 7,785,589. The S&P 500 index returned a -1.0% performance.
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, integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. The company is based in Houston and has 99,000 full time employees. Its market capitalization is $80,499,113,984. Schlumberger currently offers its equity investors a dividend that yields 1.6% per year.
28 analysts are following Schlumberger and have set target prices ranging from $46.21 to $76.39 per share. On average, they have given the company a rating of buy. At today's prices, SLB is trading -12.12% away from its average analyst target price of $64.37 per share.
Over the last year, SLB's share price has increased by 9.0%, which represents a difference of -1.0% when compared to the S&P 500. The stock's 52 week high is $62.12 per share whereas its 52 week low is $42.73. Schlumberger's average free cash flow over the last 6 years has been $3.0 Billion, but they have been decreasing at an average rate of -1.3%. This may prove a challenge to the long term sustainability of the stock's upwards trend.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 5,119,000 | 1,835,000 | 3,284,000 | 56.23 |
| 2022 | 3,720,000 | 1,618,000 | 2,102,000 | -40.11 |
| 2021 | 4,651,000 | 1,141,000 | 3,510,000 | 92.01 |
| 2020 | 2,944,000 | 1,116,000 | 1,828,000 | -50.69 |
| 2019 | 5,431,000 | 1,724,000 | 3,707,000 | 4.33 |
| 2018 | 5,713,000 | 2,160,000 | 3,553,000 |
