Equities research analysts expect that Schlumberger Limited (NYSE:SLB) will announce $0.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Schlumberger’s earnings, with estimates ranging from $0.15 to $0.26. Schlumberger reported earnings per share of $0.25 during the same quarter last year, which suggests a negative year over year growth rate of 28%. The company is scheduled to report its next earnings results on Friday, April 16th.
According to Zacks, analysts expect that Schlumberger will report full year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.87 to $1.18. For the next year, analysts expect that the firm will post earnings of $1.49 per share, with EPS estimates ranging from $1.15 to $1.73. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Schlumberger.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Thursday, January 21st. The oil and gas company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.05. Schlumberger had a positive return on equity of 7.34% and a negative net margin of 40.15%. During the same quarter in the previous year, the firm earned $0.39 EPS.
SLB has been the topic of several research analyst reports. Morgan Stanley upped their price objective on shares of Schlumberger from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, January 25th. Argus upped their price objective on shares of Schlumberger from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, January 26th. Smith Barney Citigroup upped their price objective on shares of Schlumberger from $25.00 to $30.00 in a research report on Tuesday, December 15th. JPMorgan Chase & Co. upped their price objective on shares of Schlumberger from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, December 18th. Finally, HSBC cut shares of Schlumberger from a “hold” rating to a “reduce” rating and set a $18.10 price objective on the stock. in a research report on Thursday, December 10th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $22.94.
In related news, EVP Ashok Belani sold 15,000 shares of the firm’s stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $21.69, for a total value of $325,350.00. Following the completion of the sale, the executive vice president now owns 267,514 shares of the company’s stock, valued at $5,802,378.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Howard Guild sold 10,000 shares of the firm’s stock in a transaction on Friday, February 5th. The stock was sold at an average price of $24.96, for a total value of $249,600.00. Following the completion of the sale, the chief accounting officer now directly owns 44,463 shares of the company’s stock, valued at approximately $1,109,796.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,981 shares of company stock valued at $749,991. Insiders own 0.58% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Boston Partners raised its holdings in Schlumberger by 63,066.8% in the third quarter. Boston Partners now owns 15,851,711 shares of the oil and gas company’s stock worth $246,653,000 after purchasing an additional 15,826,616 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Schlumberger by 23.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 30,846,900 shares of the oil and gas company’s stock valued at $673,388,000 after acquiring an additional 5,918,699 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Schlumberger by 4.0% during the fourth quarter. BlackRock Inc. now owns 97,009,046 shares of the oil and gas company’s stock valued at $2,117,709,000 after acquiring an additional 3,721,435 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Schlumberger by 147.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 6,023,566 shares of the oil and gas company’s stock valued at $93,727,000 after acquiring an additional 3,588,962 shares in the last quarter. Finally, Discerene Group LP bought a new stake in Schlumberger in the 4th quarter worth about $65,111,000. 73.19% of the stock is owned by institutional investors.
Shares of SLB traded up $0.21 during midday trading on Tuesday, hitting $27.75. 1,288,416 shares of the company traded hands, compared to its average volume of 13,704,587. The stock has a 50-day moving average of $24.80 and a 200-day moving average of $20.33. Schlumberger has a one year low of $11.87 and a one year high of $31.99. The firm has a market cap of $38.64 billion, a P/E ratio of -3.66, a PEG ratio of 5.77 and a beta of 2.28. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.22 and a quick ratio of 0.92.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 8th. Stockholders of record on Wednesday, February 17th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, February 16th. Schlumberger’s dividend payout ratio (DPR) is presently 34.01%.
Schlumberger Company Profile
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. It operates in four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; and petro technical data services and training solutions.
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