Schlumberger Limited. (NYSE:SLB) – Research analysts at Jefferies Group decreased their FY2017 earnings per share estimates for shares of Schlumberger in a research report issued on Thursday. Jefferies Group analyst B. Handler now expects that the oil and gas company will earn $1.44 per share for the year, down from their previous estimate of $1.49. Jefferies Group has a “Buy” rating and a $78.00 price objective on the stock. Jefferies Group also issued estimates for Schlumberger’s Q4 2017 earnings at $0.42 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.10 EPS.
Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same period in the prior year, the company posted $0.25 EPS. The company’s revenue was up 12.6% compared to the same quarter last year.
SLB has been the topic of several other reports. Piper Jaffray Companies set a $74.00 price objective on Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 21st. Goldman Sachs Group lowered Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 price objective on the stock. in a research note on Monday, November 13th. Royal Bank of Canada set a $73.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Thursday, December 21st. Scotiabank set a $80.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 21st. Finally, Deutsche Bank began coverage on Schlumberger in a report on Tuesday, October 10th. They issued a “buy” rating and a $78.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $79.37.
Shares of Schlumberger (SLB) opened at $73.60 on Friday. Schlumberger has a 12 month low of $61.02 and a 12 month high of $87.84. The firm has a market capitalization of $101,960.00, a P/E ratio of 188.72, a PEG ratio of 1.47 and a beta of 1.01. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40.
Several institutional investors have recently modified their holdings of the business. Valley National Advisers Inc. raised its position in shares of Schlumberger by 0.3% during the 2nd quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after acquiring an additional 8 shares during the last quarter. Family Legacy Inc. raised its position in shares of Schlumberger by 0.9% during the 2nd quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock valued at $222,000 after acquiring an additional 30 shares during the last quarter. Frontier Wealth Management LLC raised its position in shares of Schlumberger by 0.4% during the 2nd quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock valued at $542,000 after acquiring an additional 35 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Schlumberger by 0.3% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock valued at $848,000 after acquiring an additional 36 shares during the last quarter. Finally, Glassman Wealth Services raised its position in shares of Schlumberger by 0.8% during the 2nd quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock valued at $347,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 79.30% of the company’s stock.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.38% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger’s dividend payout ratio is 512.82%.
Schlumberger Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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