Equities analysts expect Schlumberger Limited. (NYSE:SLB) to post earnings per share (EPS) of $0.41 for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Schlumberger’s earnings. The lowest EPS estimate is $0.40 and the highest is $0.44. Schlumberger posted earnings of $0.25 per share during the same quarter last year, which indicates a positive year over year growth rate of 64%. The firm is scheduled to announce its next quarterly earnings report on Friday, April 20th.
On average, analysts expect that Schlumberger will report full-year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.35. For the next financial year, analysts anticipate that the business will report earnings of $3.17 per share, with EPS estimates ranging from $2.46 to $3.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Schlumberger.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same period last year, the firm earned $0.27 earnings per share. Schlumberger’s revenue for the quarter was up 15.1% compared to the same quarter last year.
Several brokerages recently issued reports on SLB. Zacks Investment Research lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Barclays set a $75.00 price objective on shares of Schlumberger and gave the company a “hold” rating in a research note on Tuesday, January 23rd. SunTrust Banks lifted their price objective on shares of Schlumberger from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $86.00 price objective (up previously from $71.00) on shares of Schlumberger in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $82.29.
Schlumberger (SLB) traded down $0.87 during mid-day trading on Monday, reaching $72.82. 4,101,905 shares of the company’s stock traded hands, compared to its average volume of 9,529,968. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. Schlumberger has a 52-week low of $61.02 and a 52-week high of $82.97. The company has a market cap of $102,090.00, a price-to-earnings ratio of -67.17, a P/E/G ratio of 5.60 and a beta of 0.98.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is currently -183.49%.
In related news, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Howard Guild sold 25,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the transaction, the insider now directly owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Valley National Advisers Inc. lifted its holdings in Schlumberger by 0.3% during the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 8 shares during the last quarter. Frontier Wealth Management LLC lifted its holdings in Schlumberger by 0.4% during the second quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 35 shares during the last quarter. Glassman Wealth Services lifted its holdings in Schlumberger by 0.8% during the second quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock valued at $347,000 after purchasing an additional 44 shares during the last quarter. Weybosset Research & Management LLC lifted its holdings in Schlumberger by 0.9% during the second quarter. Weybosset Research & Management LLC now owns 5,525 shares of the oil and gas company’s stock valued at $364,000 after purchasing an additional 50 shares during the last quarter. Finally, Fernwood Investment Management LLC lifted its holdings in Schlumberger by 1.2% during the second quarter. Fernwood Investment Management LLC now owns 4,125 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 50 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors and hedge funds.
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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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