SLB Potential Buy setupReasons for bullish bias:
- Price respected strong trendline
- Hammer candle formation on the support
Entry Level: 50.85
Stop Loss Level: 46.99
Take Profit Level 1: 54.71
Take Profit Level 2: 58.57
Take Profit Level 3: 60.73
SCL trade ideas
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.
Uptrend is in an early stage - Bullish signal is in NYSE:SLB is heading for an early bullish signal after the price action shows an early stage of potential upside. First, Ichimoku's conversion and baseline are performing a crossover. Next the strong bullish rebound on 14th Dec marks the early interest of the bull.
Stocks pairs trading: VLO vs SLBIn the energy sector, a comparative analysis of financial metrics and market dynamics between Valero Energy Corporation (VLO) and Schlumberger Limited (SLB) reveals distinct investment perspectives. Examining their financial performance and market standings suggests a strategic approach to investing in these stocks.
Reasons to Consider VLO Over SLB:
Earnings Per Share (EPS): VLO's EPS of $29.33 is notably higher than SLB's $2.88. This indicates that VLO is currently more profitable and efficient in its operations compared to SLB.
Forward P/E Ratio: VLO's forward P/E ratio is 8.98, which is lower than SLB's 14.48. A lower forward P/E ratio may suggest that the stock is potentially undervalued relative to its future earnings potential.
Dividend Yield: VLO offers a dividend yield of 3.17%, compared to SLB's 1.84%. For income-focused investors, VLO's higher dividend yield is more attractive.
Year-to-Date Performance: VLO’s performance (1.35% YTD) is relatively stable compared to SLB's (-2.38% YTD), suggesting a more consistent investment opportunity, especially considering VLO's higher EPS and dividend yield.
Decision:
Buy 1 VLO: Given its higher profitability, attractive dividend yield, lower forward P/E ratio, and stable year-to-date performance, VLO presents a compelling investment choice, especially for those seeking both growth and income.
Sell 3 SLB: While SLB shows strengths in profit margin and a respectable forward P/E ratio, its lower EPS, dividend yield, and slightly negative year-to-date performance suggest it may not offer the same level of overall value or potential as VLO in the current market context.
Is Schlumberger ready to change the trend?Schlumberger looks good from a risk reward basis as long as it holds $48.57 on a closing basis. If the stock closes below $48.57 the next support will be around $42.
On a bullish side targets are highlighted.
Educational purpose only not a recommendation. Please do u DD
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.
SLB ShortThis trade has a pattern on M15 and is with the trend, there is a lot of resistance for this short and the stop loss should be above 60.5. There are multiple tops on M15 and M30 with divergence.
SLB - 2nd Breakout AttemptEntry Price: $61.41
Stop Loss: $58.43
Exit Goal: $65.89
Risk per trade: $2.98
Rising WedgeRising Wedges are Bearish but are not valid until the bottom line is clearly broken.
A level of support will usually catch price if it/when breaks down.
Both lines slope up and narrow at the apex.
Sometimes price will break up from a Rising Wedge, but eventually price will break the bottom line. It can be a long time in some cases.
A Rising wedge represents a supply overload within the wedge.
No recommendation
Is Schlumberger Done Slumbering?Schlumberger surged early last month. Now, after a period of consolidation, it may be ready to continue upward.
The first pattern on today’s chart is the high-volume rally July 7-11. (This was part of a broad move across the energy sector as crude oil came off its lows.) SLB broke its early-March peak around $56, followed by successful retests under that level on July 21 and August 23. Old resistance could have morphed into new support.
Second, notice how the more recent probe resulted in a bullish outside day. That may suggest the presence of lurking buyers.
Third, the 50-day simple moving average (SMA) recently had a “golden cross” above the 200-day SMA. The shorter-term 8-day exponential moving average (EMA) is also above the 21-day EMA.
Finally, the oil-service stock ended last week bouncing slightly above $56. It then proceeded to challenge a short-term falling trendline that’s taken shape since July 11. Is a breakout starting?
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SLB: Ascending Triangle, Not Confirmed (48.31%)(16/1000)(16/1000)
Ascending Triangle for SLB.
NOT Confirmed. Possible 48,31% gains.
Pros:
1- Bullish Ascending triangle
2- Descending volume during formation
3- PPS above 50MA and 200MA
4- R/R ratio above 5
5- 250RSI above 50 and ascending
6- 50MA above 200MA
7- 50MA and 200MA ascending.
8- RS above 0 and ascending
Cons:
1- ATR flat, less volatile
2- Pattern not confirmed
3- No break out yet
Target price is 88.14$.
Again, stay humble, have fun, make money!
MAAX!
$SLB with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:SLB after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
SCHLUMBERGER Monthly Technical AnalysisSLB monthly - EDUCATIONAL only - Support, Resistance, Confluence, Fibonacci, Pitchfork - PRICE in a STRONG RESISTANCE area
SLB is breaking out of a head and shoulders patternIn this chart I point to main chart pattern in the SLB prices at this moment, that is the head and shoulders. Not only that, but the prices are doing a breakout of this pattern, that I indicate step-by-step at the purple text in the chart.
I am also trying to take some advantage of this movement, and so I bought a very short term put option to try catch some profit from an eventual falling in prices. The put information is in the gray text in the chart.
$SLB with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:SLB after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.
SLB Shortwe can see cross-two MA for this underlying. This makes my idea to short it if it could not break above the moving averages. Personally, I think SLB can start turn into a downtrend
Ugly reversalTop chat in the weekly time, bottom chart in the daily timeframe,. Looks that price is heading to the $47 support level. It may drop to the bottom of the channel but the energy sector still strong. I take profit at 47, then I'll see.
SHORT SLB - (ascending triangle+waveC)Last weeks SLB has significant growth, time to cool down. There is huge year ascending triangle with fake breakthrough, elliot waves show correction phase abc.
Use 50% entry at half of wave 5 = 57.25, add another 50% at 59.
$SLB : outperforming stock in strong sectorSLB consolidating inside an ascending triangle with possible breakout to ATH (all time high) levels above $56
Shrinking Volumes with price in consolidation showing base formation for breakout to higher levels
SLB is an outperforming stock in a strong sector $SPN
$SLB with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $SLB after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 50%.
SLB D1 –rejection from W1 supply, and from TLSLB D1 –rejection from W1 supply, and from TL. Earnings are coming up.SLB D1 –rejection from W1 supply, and from TL. Earnings are coming up.
Bullish inverted head and shoulders pattern SLB Bullish inverted head and shoulders pattern for SLB , lets see how it plays out.
SLB BreakoutNYSE:SLB closed above the area of value yesterday, it opened above this level. Yesterday's volume was above average. Note that it's CPI day today, anything is possible.
