#slb target price

[ailtrahq]

Schlumberger NV is also popularly known as SLB and Schlumberger Limited. It is an oilfield services company. It is one of the largest offshore drilling and offshore contractor companies by revenue. Schlumberger is incorporated in the Netherlands, Antilles. The company’s stock trades in various trading exchanges such as the New York Stock Exchange, the London Stock Exchange, and the SIX Swiss Exchange. In 2022, the company was ranked 349th largest company in the world among the Forbes Global 2000. The dividend yield by Schlumberger for the year 2022 is 1.22% and the company has an EPS of 2.77 USD which means that the SLB makes $2.77 on each share. The SLB share follows a beta of 1.17 which means that Schlumberger’s stock relatively moves equal to or higher than the whole market and its returns may vary with the same frequency. The current ROE of the Schlumberger NV is 21.64 following a neutral ROA of 8.79% and the current PE ratio of the company is 20.29. The following ratios represent that the company is at a strong position and the investors are ready to pay higher prices for the stock. Also, the current market cap of the company is $78.734B trading with an average volume of 9.18M followed by the last 3 months. Schlumberger N.V. Stock Performance Analysis Following the previous year, Schlumberger has shown a good advance in the revenue of the company resulting in $28.18B. The net income of the company has also advanced from $1.88B in the year 2021 to $3.44B in the year ending 2022. SLB has a profit margin of 12.21% for the same year. Schlumberger also has managed to reduce its debt over the years. It has reported a debt of $11.34B in Q2 2023 following a decline of -12.4% year-on-year. Price Targets for SLB Stock Source: Tradingview Based upon Tradingview’s experts, 30 analysts have given a stock rating of buy for SLB stock. This is followed up with reliable fundamentals and the meeting estimates of revenue and EPS of the company. Experts are aiming for a maximum target of $77.00 in SLB share and the minimum expected target is $62.00. SLB Stock Technical Analysis Source : SLB: 1W: NYSE The SLB share price has been trading in an uptrend for a long time. This is because the SLB stock is following a rising wedge pattern on the weekly timeframe. Currently, the share is making bearish candlesticks in the same timeframe witnessing the presence of sellers.  As the share price of the stock was consistently advancing to a higher level, the EMAs were trading in a golden cross. SLB stock price is also currently trading above the 50-day and the 200-day EMA. The RSI for the SLB share is following a bullish cycle. It is currently trading above the 50 level. Following the bullish cycle, the RSI has declined below the 14-day SMA. This indicates mild bearishness in the stock price. Conclusion Schlumberger N.V. is a relaible company. It has stable finances and also gives dividends to its shareholders. Despite good fundamentals, the company’s stock price is trading negatively. It is following bearish price action making declining candlesticks. The RSI and the EMA are still indicating bullishness. As the SLB share price is trading inside a rising wedge pattern, it can decline up to the lower band of the channel. If the stock price further breaks below the channel pattern, SLB can witness further decline or it may continue to advance again. Technical Levels Support levels- $30.00 and $44.00 Resistance levels- $62.00 and $75.00 The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.

[your-dietician]

Is 2023 The 'Trickle-Down Year' For NOV? Why This Wall Street Analyst Is Bullish - ChampionX (NASDAQ:CHX), Halliburton (NYSE:HAL)

New Post has been published on https://medianwire.com/is-2023-the-trickle-down-year-for-nov-why-this-wall-street-analyst-is-bullish-championx-nasdaqchx-halliburton-nysehal/

Is 2023 The 'Trickle-Down Year' For NOV? Why This Wall Street Analyst Is Bullish - ChampionX (NASDAQ:CHX), Halliburton (NYSE:HAL)

Bank Of America analyst Chase Mulvehill upgraded NOV NOV with a price target of $19.

Key Takeaways: “Trickle-down on the move; upgrade to Buy,” Mulvehill said in a note. 

As NOV crushed earnings in the first half of 2022, management has guided the second half of 2022 adjusted EBITDA of 45% to 55% above the first half of the year levels.

Mulvehill, who was previously Neutral on NOV, expects the company to benefit from rising oil field services capex, better pricing/fixed cost absorption and easing supply chains.

NOV, formerly known as National Oilwell Varco, is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing.

See Also: How To Trade Nike Stock Before And After Q1 Earnings

The company is set to become debt neutral by year-end 2023, and Mulvehill reported that he expects some of the least downside in consensus estimates among its peers should a recession occur.

For the fiscal year 2022, the B of A analysts forecasted EBITDA to be $640 million, up 1% from the consensus estimates, with earnings per share of 69 cents per share, up 28% from consensus estimates.

Mulvehill explained that with stronger pricing in new orders and higher volume allowing for better cost absorption, the analyst expects NOV’s CAPS’ segment to achieve EBITDA margin growth to high single digits by the year end and closer to the 2018 to 2019 peak of 14% over the subsequent 1-2 years, assuming no major recession.

Additionally, NOV’s Saudi rig manufacturing facility is ramping up and its offshore wind installation-related revenues are set to double to $400mm year-over-year.

The Bull Case: Mulvehill reported if this cycle proves to have legs, it’s not unlikely for NOV’s total EBITDA margins to get to 15% eventually, which would imply potential EBITDA in the range of $1.2 billion to 1.4 billion.

With greater than 60% of NOV’s 2023 forecasted revenues set to come from relatively more stable international markets, and net debt expected to fall to below zero by year-end 2023, NOV is more defensive when compared to its peers, Mulvehill mentioned.

See Also: Recession Signal? Softbank Vision Fund Weighs Downsizing Up To 30%

Therefore, if a recession is avoided, which would likely provide upside to our new estimates, we think its likely that NOV would revisit returning cash to shareholders in 2023, said Mulvehill. The analyst’s full-year EBITDA guidance for 2023 and 2024 is forecasted at $898 million and $1.1 billion, up 1% and 8% from consensus estimates, respectively. Earnings per share are expected to be 13% and 11% above consensus estimates.

Competitor Buy Ratings: The analysts upgraded its price target on ChampionX CHX to $22. The BofA analysts also issued Buy ratings for Schlumberger SLB and Halliburton HAL

Photo By: Nestor Galina From Flickr 

Read full article here

[krogerconews]

Schlumberger Limited (SLB) Is At $67.92 Formed Wedge; <b>Kroger</b> Co (KR) Sentiment Is 0.88

Schlumberger Limited (SLB) formed wedge down with $64.52 target or 5.00% below today's $67.92 share price. Schlumberger Limited (SLB) has $94.09B valuation. The stock increased 0.46% or $0.31 during the last trading session, reaching $67.92. About 7.11M shares traded. Schlumberger Limited ... from Google Alert - "fred meyer" | "king soopers" | kroger | ralphs | fry's | qfc | dillons | -"john kroger" -"qatar" -"stephen fry" http://ift.tt/2pQBHL6 via IFTTT

[myfinancialguideme-blog]

DHUnplugged #439: Black Eyed Finance | DH Unplugged

New Post has been published on https://financeguideto.com/trending/dhunplugged-439-black-eyed-finance-dh-unplugged/

DHUnplugged #439: Black Eyed Finance | DH Unplugged

DHUnplugged is now streaming live – with listener chat. Click on link on the right sidebar.

Love the Show? Making some $$ from the Weekly Stock ideas? Then how about a Donation?

Announcing a new Closest to The Pin…. Jae’s fancy artwork Earnings season is underway Government shutdown day 24++?

Quick plug – if you are interested in working with me on your portfolio – go to www.thedisciplinedinvestor.com and scroll down ….We are open for biz…

Market Update

Last week, markets were back in buy mode. With start of year, re-balancing rotation and a reflexive bounce – stocks got a nice boost. January effect is in full bloom.

VIX is hovering near 18 – down from 35+ at the end of 2018

Market flat into open – until this news hit….. Netflix (NFLX) is trading higher after The Seattle Times reported that the streaming giant will raise prices 13-18% for all 58 million US subscribers. The report notes that this is the fourth price hike for Netflix in the US and the first since late 2017. – Netflix reporting earnings on Thursday – is this a read through that earnings may be weak?

Earnings season starts this week witht he big banks and several key names: – Delta Air (DAL), JP Morgan (JPM), United Health (UNH), Wells Fargo (WFC), Bank of America (BAC), Goldman Sachs (GS), CSX (CSX), Aloca (AA), American Express (AXP), Netflix (NFLX), Bank OZK (OZK), Schlumberger (SLB) , VF Corp (VFC)

SURPLUS – Black Eye to U.S. – China’s annual trade surplus with the U.S. hit a record. $323 billion trade surplus – even in spite of tariffs. (not going to make them happy in Washington) – This is a result of the Pull-Forward Effect or front-loading of manufacturers and others in the face of tariffs. So this may be a real problem, even (or especially) is there is a resolution. – PLUS – announcement by the People’s Bank of China that it would increase efforts to spur their economy by improving credit availability for smaller companies and a pledge by the Chinese Ministry of Finance to cut taxes and ramp up infrastructure spending. (*This is what got markets moving today as well)

Bank earnings starting to roll in… Getting a black eye – Citigroup beats by $0.09 (including 3 cent tax benefit), misses on revs; Fixed Income falls 21% y/y, Equities +18% y/y; Expenses decline 4% y/y – Swings to a profit while revenue falls…. – Stock was initially down and then rallied after the open (May see a buy news this earnings season as markets predicted bad news) – JP Morgan had a pretty ugly quarter – stock s down until mid morning when everything popped…. (Jamie Dimon was discussing end of cycle during call) – Wells Fargo – same as above

Consolidation/M&A in Miners – Newmont Mining has agreed to acquire Goldcorp in a friendly all-stock deal valuing the Canada-headquartered company at $10 billion.

Pacific Gas & Electric (PCG) is pursuing bankruptcy and the CEO just stepped down. (DOWN ANOTHER 20% today) – PG&E plans to file for bankruptcy protection by the end of the month as the utility faces more than $30 billion in potential liability costs related to its role in sparking deadly California wildfires. – Stock off more than 40% on Monday on the news. (Stock off 80% since announcement that they may have significant liability related to California fires) – There is some speculation that PCG’s planned bankruptcy is a ‘bluff’ to force the state of California to take some actions or bail them out (not terribly believable) – Hmmmm… Which insurance companies are most exposed to potential risk if PCG fails ?

Government Shutdown problems spreading – longest shutdown in history – 800,000 workers did not receive check last Friday – Will see a harsh uptick to the weekly initial claims (will be temporary) –  GDP hit each week that government is closed/partially closed – If a shutdown lasts a month, some estimates show fourth quarter annualized GDP growth decreasing by 1.5-2 percentage points – Confidence and consumer spending may take a hit

Pot Stocks – Black Eye – Attorney General nominee William Barr at Senate hearing says he wound support law banning marijuana nationwide; says marijuana legalization in states is a backdoor nullification of federal law, however he will not use Federal resources to target marijuana companies 

420 Stocks Bad Trip….

Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV

Love the Show? Making some $$ from the Weekly Stock ideas? Then how about a Donation?

ANNOUNCING THE CTP CUP 2018 – WINNER – MARCUS G. (Just responded about winners Trophy)

Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) – PLUS a one-of-a-kind DHUnplugged CTP Winner’s certificate..

* Since May 2016 – Jan 15, 2019

The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents.

We are creating the to compete against this new ETF to see how “old school” stocks do in comparison. Companies in our index will include: (updated names as of 8/29/16)

We have the performance summary running (daily and since inception of 5/6/16) – DHOCI vs. Millennials ETF Battle

Starting to see many places that serve food – adding CBD to their menu. – Drinks with CBD – Pizza and burgers…. – What is the point?

Oddities – Kentucky Sen. Rand Paul, one of the fiercest political critics of socialized medicine, will travel to Canada later this month to get hernia surgery. – Paul, an ophthalmologist, said the operation is related to an injury sustained in 2017, when his neighbor, Rene Boucher, attacked him while he was mowing his lawn. The incident left Kentucky’s junior senator with six broken ribs and a bruised lung.

How do we feel about this? – The Gillette brand that claims it’s “The Best A Man Can Get” this week launched a campaign around the sexual harassment movement, and with the idea of “toxic masculinity”. – Beards and facial hair show toxic masculinity?

China issues a warning to pubic figures – not to travel abroad… – Obviously trade issues are going nowhere.

BREXIT Update – Looks like PM May will face bad defeat. – British Parliament votes against PM Theresa May’s Brexit deal (as expected), 432-202

What would John C. Dvorak have written for PC Magazine?

Source

DHUnplugged #439: Black Eyed Finance

[financingideas-blog]

DHUnplugged #439: Black Eyed Finance | DH Unplugged

New Post has been published on https://financeqia.com/trending/dhunplugged-439-black-eyed-finance-dh-unplugged/

DHUnplugged #439: Black Eyed Finance | DH Unplugged

DHUnplugged is now streaming live – with listener chat. Click on link on the right sidebar.

Love the Show? Making some $$ from the Weekly Stock ideas? Then how about a Donation?

Announcing a new Closest to The Pin…. Jae’s fancy artwork Earnings season is underway Government shutdown day 24++?

Quick plug – if you are interested in working with me on your portfolio – go to www.thedisciplinedinvestor.com and scroll down ….We are open for biz…

Market Update

Last week, markets were back in buy mode. With start of year, re-balancing rotation and a reflexive bounce – stocks got a nice boost. January effect is in full bloom.

VIX is hovering near 18 – down from 35+ at the end of 2018

Market flat into open – until this news hit….. Netflix (NFLX) is trading higher after The Seattle Times reported that the streaming giant will raise prices 13-18% for all 58 million US subscribers. The report notes that this is the fourth price hike for Netflix in the US and the first since late 2017. – Netflix reporting earnings on Thursday – is this a read through that earnings may be weak?

Earnings season starts this week witht he big banks and several key names: – Delta Air (DAL), JP Morgan (JPM), United Health (UNH), Wells Fargo (WFC), Bank of America (BAC), Goldman Sachs (GS), CSX (CSX), Aloca (AA), American Express (AXP), Netflix (NFLX), Bank OZK (OZK), Schlumberger (SLB) , VF Corp (VFC)

SURPLUS – Black Eye to U.S. – China’s annual trade surplus with the U.S. hit a record. $323 billion trade surplus – even in spite of tariffs. (not going to make them happy in Washington) – This is a result of the Pull-Forward Effect or front-loading of manufacturers and others in the face of tariffs. So this may be a real problem, even (or especially) is there is a resolution. – PLUS – announcement by the People’s Bank of China that it would increase efforts to spur their economy by improving credit availability for smaller companies and a pledge by the Chinese Ministry of Finance to cut taxes and ramp up infrastructure spending. (*This is what got markets moving today as well)

Bank earnings starting to roll in… Getting a black eye – Citigroup beats by $0.09 (including 3 cent tax benefit), misses on revs; Fixed Income falls 21% y/y, Equities +18% y/y; Expenses decline 4% y/y – Swings to a profit while revenue falls…. – Stock was initially down and then rallied after the open (May see a buy news this earnings season as markets predicted bad news) – JP Morgan had a pretty ugly quarter – stock s down until mid morning when everything popped…. (Jamie Dimon was discussing end of cycle during call) – Wells Fargo – same as above

Consolidation/M&A in Miners – Newmont Mining has agreed to acquire Goldcorp in a friendly all-stock deal valuing the Canada-headquartered company at $10 billion.

Pacific Gas & Electric (PCG) is pursuing bankruptcy and the CEO just stepped down. (DOWN ANOTHER 20% today) – PG&E plans to file for bankruptcy protection by the end of the month as the utility faces more than $30 billion in potential liability costs related to its role in sparking deadly California wildfires. – Stock off more than 40% on Monday on the news. (Stock off 80% since announcement that they may have significant liability related to California fires) – There is some speculation that PCG’s planned bankruptcy is a ‘bluff’ to force the state of California to take some actions or bail them out (not terribly believable) – Hmmmm… Which insurance companies are most exposed to potential risk if PCG fails ?

Government Shutdown problems spreading – longest shutdown in history – 800,000 workers did not receive check last Friday – Will see a harsh uptick to the weekly initial claims (will be temporary) –  GDP hit each week that government is closed/partially closed – If a shutdown lasts a month, some estimates show fourth quarter annualized GDP growth decreasing by 1.5-2 percentage points – Confidence and consumer spending may take a hit

Pot Stocks – Black Eye – Attorney General nominee William Barr at Senate hearing says he wound support law banning marijuana nationwide; says marijuana legalization in states is a backdoor nullification of federal law, however he will not use Federal resources to target marijuana companies 

420 Stocks Bad Trip….

Stocks to watch: CGC, STZ, TLRY, CRON, MJ, NBEV

Love the Show? Making some $$ from the Weekly Stock ideas? Then how about a Donation?

ANNOUNCING THE CTP CUP 2018 – WINNER – MARCUS G. (Just responded about winners Trophy)

Winners will be getting great stuff like the new DHUnplugged Shirts (Designed by Jimbo) – PLUS a one-of-a-kind DHUnplugged CTP Winner’s certificate..

* Since May 2016 – Jan 15, 2019

The top holdings of Global X Millennials Thematic ETF (MILN) include stocks many investors would expect, such as Facebook, LinkedIn and Amazon, which take advantage of the tech tendencies of millennials. But some names might be more surprising like real estate investment trusts AvalonBay Communities and Equity Residential, and Home Depot, which could benefit from millennials moving out of the home of their parents.

We are creating the to compete against this new ETF to see how “old school” stocks do in comparison. Companies in our index will include: (updated names as of 8/29/16)

We have the performance summary running (daily and since inception of 5/6/16) – DHOCI vs. Millennials ETF Battle

Starting to see many places that serve food – adding CBD to their menu. – Drinks with CBD – Pizza and burgers…. – What is the point?

Oddities – Kentucky Sen. Rand Paul, one of the fiercest political critics of socialized medicine, will travel to Canada later this month to get hernia surgery. – Paul, an ophthalmologist, said the operation is related to an injury sustained in 2017, when his neighbor, Rene Boucher, attacked him while he was mowing his lawn. The incident left Kentucky’s junior senator with six broken ribs and a bruised lung.

How do we feel about this? – The Gillette brand that claims it’s “The Best A Man Can Get” this week launched a campaign around the sexual harassment movement, and with the idea of “toxic masculinity”. – Beards and facial hair show toxic masculinity?

China issues a warning to pubic figures – not to travel abroad… – Obviously trade issues are going nowhere.

BREXIT Update – Looks like PM May will face bad defeat. – British Parliament votes against PM Theresa May’s Brexit deal (as expected), 432-202

What would John C. Dvorak have written for PC Magazine?

Source

DHUnplugged #439: Black Eyed Finance

[nonviable-hostage]

via genetics - Google News

[oilgasnewthingsposts-blog]

Schlumberger sees pricing improve but costs weigh on margins

Schlumberger sees pricing improve but costs weigh on margins

+ADw-p+AD4APA-a class+AD0AIg-inline+AF8-quotes+ACI href+AD0AIg-http://data.cnbc.com/quotes/SLB+ACI target+AD0AIgBf-self+ACIAPg-Schlumberger+ADw-/a+AD4 said on Friday a ramp up in drilling activity in North America boosted pricing for its oilfield services, but the cost of reactivating equipment idled during the slump in crude oil prices gutted margins.+ADw-/p+AD4 +ADw-p+AD4-Oil stabilizing above…

[topinforma]

New Post has been published on Mortgage News

New Post has been published on http://bit.ly/2ltAfHK

Contract Drillers Vs Oilfield Service: The Winners and Losers

Analysts view the Contract Drilling Service (CDS) and Oil Field Service (OFS) sectors to be the front line of the oil industry. As the business cycle oscillates, fortunes change most rapidly in this part of the value chain. When times are good, contract rates are renegotiated higher and utilization rates rise. When times are bad, the pace of cutbacks and layoffs can be brutal. So it is no wonder analysts focus on these companies most when trying to determine what lies in store for the oil and gas industry. Two contract drillers, Transocean (RIG) and Diamond Offshore (DO), and three OFS providers, Schlumberger (SLB), Halliburton (HAL) and Baker Hughes (BHI) will provide us insight on the state of the industry in 2017.

Adjusted Financial Figures

Several events occurred in 2016 that will require some adjustments to the reported figures to more accurately assess year over year performance. For example, the failed merger between Halliburton and Baker Hughes resulted in a merger termination fee of $3.5 billion that negatively impacted the cash flow and net debt of Halliburton and positively impacted these measures for Baker Hughes. This fee payment has been reversed in this analysis to better measure underlying performance. Additionally, Schlumberger acquired Cameron International in April 2016, adding $4.2 billion to revenue and increasing net debt by $4.0 billion. To make specific figures comparable year over year, adjustments have been made for the Cameron acquisition.

Fundamentals Matter

On Thursday last week, Transocean was the latest company from this group to release full year 2016 financial results. Revenue declined nearly 44% in the year, making the company one of the industry laggards in a peer group that averaged revenue contraction of 36.3% in the year. Operating cash flow declined by a similar amount, and was also worse than the group average decline of 35.1% in 2016, but was better than Baker Hughes where operating cash flow declined by 59.4% after adjusting for the merger termination fee received from Halliburton.

Examining average day rates and utilization levels, two key operational efficiency measures for contract drillers, shows some interesting differences between Transocean and Diamond Offshore in 4Q16. Both companies break these measures down by ultra-deep-water floaters (UDF), deep-water floaters (DWF) and mid-water floaters (MWF). Both companies reported similar day rates for UDF in 4Q16 with minimal deterioration from year before levels. Day rates for MWF, or shallow drilling in places like the Gulf of Mexico, varied widely with Transocean reporting a decline of 66.1% while Diamond Offshore reported an increase of 92% in this drilling class.

Looking at utilization rates for the three types of floaters shows a general reduction in activity. Both Transocean and Diamond Offshore reported a reduction in the use of UDF and DF in 4Q16 compared to the year before. Diamond Offshore, however, increased its utilization of MWF to 35% in 4Q16 from 24% the year before, compared to Transocean’s reduction of MWF to 37% from 53% over the same period.

Share Price Performance Varies Widely

The difference in share price performance of the two contract drillers since January 2016 is the starkest. Diamond Offshore has a total return of -19.9% while Transocean returned 11.1% over the same period. Of the 38 analysts covering Transocean, only 8 have a buy recommendation. The average price target is $13.90 per share, implying just 1.1% upside potential from current price levels. Diamond Offshore has 34 analysts covering the stock with only 4 buy recommendations. The average price target is $16.90 per share, putting the stock at fair value as of last Friday’s close.

The oil field service companies also have wide variation in their price performance, but overall expectations are more optimistic in the analyst community. Halliburton is the clear winner with a total return since January 2016 of 58%, compared to 18.7% for Schlumberger, which is still respectable and in line with broad equity market averages over the same period.

Halliburton has 40 analysts covering the stock and 36 currently have a buy recommendation with an average price target of $63.70/share, or 20% additional upside from Friday’s closing price. Schlumberger also has 40 analysts covering the stock and 31 have a buy recommendation. The average price target is $96.90/share, or 21% upside from Friday’s closing price of $80.15/share.

Disclaimer: Gary Ashton is an oil and gas financial consultant who writes for Investopedia. The observations he makes are his own and are not intended as investment advice. Gary does not own any stocks mentioned in this article.

[ailtrahq]

DVN is an independent energy company that operates in the United States. It searches for, develops, and produces oil, natural gas, and natural gas liquids. It has operations in Delaware, Anadarko, Williston, Eagle Ford, and Powder River Basin. The company was founded in 1971 and is based in Oklahoma City, Oklahoma. Devon Energy Corporation’s (DVN Stock) price has been facing selling pressure in the previous sessions and has corrected significantly. Moreover, the DVN stock price is trading above the key moving averages and near the resistance zone of $56. The price action signals bearish dominance overall, and the stock is in a downtrend and trying for a breakout in a symmetrical triangle, indicating that the stock may rise if it sustains the CMP which is at breakout level,if it fails to succeed then the DVN stock might revisit the demand zone of $44 these are the probable outcomes for the next sessions. In the past months, DVN stock reported Q2, 2023 invited a profit booking for time being which eventually reversed in few days and consolidated. Based on recent data, the revenue of Q2, 2023 was $3.49 Billion with a net income of 687.00 Million. Moreover, the SLB stock estimated EPS for Q2’ 23 was 1.176, and the reported EPS was 1.18 which gave a positive surprise of 0.38%. Moreover, the forecasted EPS for the next quarter is positive at 1.385. At press time, DVN stock price is trading at $53.50 with an intraday rise of 1.10% showing slight positivity in the overall downtrend chart. Moreover, the trading volume is higherthan the 10-day aggregate moving average of 6.63 Million. The market cap is $34.277 Billion. However, analysts maintained a buy rating and a highest yearly target of $79, while the stock persists in giving negative returns, -2.41% for six months, and -24.24 yearly. DVN stock’s next dividend will be on September 14th, 2023. The amount that DVN stock will pay is going to be $0.49 and the payment date will be September 29th, 2023. Technical Analysis of DVN stock over Daily Time Frame(1-D) Source: DVN.1D.NYSE On observing the daily charts, DVN stock formed a neutral pattern which is a symmetrical triangle pattern. The DVN price hovering near the lower trendline highlights the dominating pressure of sellers.  Moreover, case 1 & case 2 indicate that since the price at breakout level of symmetrical triangle if the price sustain and breaks the upper trendline with thrust, the resistance level of $56 could be retested. However, On the contrary, if it fails and stock slips below the trendline, it will head for $44.  According to the Fib levels, the DVN stock price is trading near the 38.20% level and showing slight bullishness on the charts.  At the time of publishing, RSI turned bullish and is on 66 above 14 SMA and MACD has a slim gap suggesting neutrality. Summary Devon Energy Corporation. (NYSE: DVN) stock prices are neutral to bullish on the 1-D time frame. Devon Energy Corporation’s (DVN stock) price is trading above the 20-day and 50-day EMA. The price action for Devon price predicted as neutral to bullish outlook is available at the time of publishing, Also on further note a neutral pattern seems to have occurred which is a symmetrical triangle. The technical analysis tools of Devon stock price also support neutrality. Technical Levels Support levels: The nearest support levels for DVN price are $44 and $39. Resistance levels: The nearest resistance levels for the Devon stock price are $56 and $63. In this article, the views and Opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in Cryptocurrency assets comes with a risk of financial loss.

[krogerconews]

Schlumberger Limited (SLB) Is At $67.92 Formed Wedge; <b>Kroger</b> Co (KR) Sentiment Is 0.88

Schlumberger Limited (SLB) formed wedge down with $64.52 target or 5.00% below today's $67.92 share price. Schlumberger Limited (SLB) has $94.09B valuation. The stock increased 0.46% or $0.31 during the last trading session, reaching $67.92. About 7.11M shares traded. Schlumberger Limited ... from Google Alert - "fred meyer" | "king soopers" | kroger | ralphs | fry's | qfc | dillons | -"john kroger" -"qatar" -"stephen fry" http://ift.tt/2pQBHL6 via IFTTT

[nonviable-hostage]

via genetics - Google News