SLB Schlumberger Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SLB Schlumberger Limited prior to the earnings report this week,
I would consider purchasing the 54usd strike price in the money Puts with
an expiration date of 2024-4-19,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Schlumberger
Shlumberger - SLB LongA failed dragon turned into a beautiful falling 3 drives pattern with bullish divergence all happening at a long respected demand line.
Easy trade to size up risk on, again never know what will happen.
Unfortunately this is one again that we took and posted in the community two weeks ago. It would be equitable now if you played it to the high or third target.
Schlumberger's Stellar Performance in 2023: Key Highlights
Schlumberger Limited (NYSE: NYSE:SLB ), a world-renowned oilfield services provider, has concluded a remarkable year, surpassing analysts' estimates for quarterly profit and showcasing robust growth in its international business. Despite geopolitical uncertainties and regional tensions, NYSE:SLB 's CEO, Olivier Le Peuch, remains optimistic about the company's future prospects. Let's delve into the key highlights of SLB's impressive fourth-quarter and full-year performance.
Global Expansion and International Growth:
Schlumberger's success in recent years can be attributed to the rising demand for its oilfield services and equipment, particularly in international markets. The company has experienced substantial growth in regions such as the Middle East, Angola, and Central and East Africa, driven by increased oil exploration and production activities.
In the face of geopolitical challenges, including the conflict in Gaza and attacks on ships in the Red Sea, NYSE:SLB has demonstrated resilience. The company reassures investors that it does not anticipate a significant impact on its Middle East business, emphasizing its commitment to sustained growth in the region.
Record Investment Levels and Geographic Opportunities:
NYSE:SLB anticipates record investment levels in the Middle East extending beyond 2025, underlining the company's strategic focus on this vital market. Additionally, opportunities for continued offshore activity are identified in key regions such as Brazil, West Africa, the Eastern Mediterranean, the Middle East, and Southeast Asia. Le Peuch's optimistic outlook positions Schlumberger as a global leader with a proactive approach to capitalizing on emerging opportunities.
Financial Highlights:
Schlumberger reported robust financials for the fourth quarter and the full year of 2023. Quarterly revenue increased by 8% sequentially and 14% year on year, reaching $8.99 billion. Full-year revenue showed a remarkable 18% year-on-year growth, totaling $33.14 billion. Notably, the acquisition of a subsea equipment business contributed significantly to the quarter's sequential revenue gain.
The company's CEO highlighted the impressive growth in earnings per share (EPS), excluding charges and credits, which increased by 10% sequentially and 21% year on year, reaching $0.86 in the fourth quarter. Adjusted EBITDA margins also achieved another cycle high, showcasing the company's operational efficiency.
Strategic Moves and Shareholder Returns:
In a move that demonstrates confidence in its financial position, Schlumberger announced a 10% increase in its quarterly cash dividend, now standing at $0.275 per share. The company also plans to boost share repurchases in 2024, signaling its commitment to delivering value to shareholders.
Conclusion:
Schlumberger's exceptional performance in 2023 solidifies its position as a resilient and forward-thinking player in the oilfield services sector. Despite challenges in the global landscape, the company's strategic initiatives, robust financial results, and optimistic outlook on key markets position it for continued success in the years to come.
SLB Schlumberger Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of SLB Schlumberger Limited prior to the earnings report this week,
I would consider purchasing the 61usd strike price Calls with
an expiration date of 2023-11-3,
for a premium of approximately $1.69.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
10/30/22 SLBSchlumberger N.V. ( NYSE:SLB )
Sector: Industrial Services (Oilfield Services/Equipment)
Market Capitalization: 71.538B
Current Price: $50.45
Breakout price trigger: $52.50
Buy Zone (Top/Bottom Range): $51.00-$47.40
Price Target: $61.20-$62.40
Estimated Duration to Target: 56-60d
Contract of Interest: $SLB 12/16/22 55c
Trade price as of publish date: $1.63/contract
Keep on Watchlist.Please note this is only an idea, invest at your own risk.
Currently sitting/fighting a key level of resistance/support at around 31/32.
I would like to see it form a good base and stabilize around this level.
If it surpasses next resistance of previous swing high, at around 34, then I would consider it a good entry point up until 40.
The opening of the economy and summer might have a positive influence on it, so expect moves around these key levels within the next few weeks.
Happy to get feedback on my idea.