Schlumberger Limited. (NYSE:SLB) Dips To New 52 Week Low

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Shipwreck freeimages.com/Roger Buser
Shipwreck freeimages.com/Roger Buser

Schlumberger Limited. (NYSE:SLB)

December 5th, 2018
Amidst falling markets Schlumberger Limited. fell $1.68 Tuesday which equals a 3.67% drop, closing at $44.12. As well as the drop in value, Schlumberger Limited. hit a new 52 week low of $44.02, breaking the previous low of $44.68 from earlier this July.

SLB was outperformed by the rest of the Energy sector which went down just 2.93%.
Schlumberger Limited. is listed on the S&P 500 index, and was one of 464 stocks that dropped today. Weighted by market cap, SLB represents about 0.22% of the S&P 500.

Analysis results from 31 analysts points to the possibility that Schlumberger Limited. could go up significantly (59%), while Finbox has calculated (with low uncertainty) a fair value price of $57.53.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector falling 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary both saw turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

Schlumberger is based in United States of America. It was founded by Schlumberger brothers in 1926.

Schlumberger Limited. Info

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company’s Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services. Its Drilling Group segment designs, manufactures, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems; provides pressure drilling and underbalanced drilling solutions, and environmental services and products, as well as mud logging, and land drilling rigs and support services; and offers well planning and drilling, engineering, supervision, logistics, procurement, contracting, and drilling rig management services, as well as bottom-hole-assembly, borehole-enlargement technologies, impact tools, tubulars, and tubular services. The company’s Production Group segment provides well services comprising pressure pumping, well cementing, and stimulation; hydraulic fracturing, multistage completions, perforating, coiled tubing equipment, and services; well completion services and equipment, such as packers, safety valves, and sand control technology; artificial lifts; and integrated production and production management services. Its Cameron Group segment offers integrated subsea production systems; surface systems; drilling equipment and services; and valve products and measurement systems. The company was formerly known as Socie´te´ de Prospection E´lectrique. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.

All amounts in USD unless otherwise indicated

SLB daily update
SLB daily update


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