Brokerages forecast that Schlumberger Limited (NYSE:SLB) will post $0.18 earnings per share for the current quarter, Zacks reports. Eight analysts have issued estimates for Schlumberger’s earnings. The highest EPS estimate is $0.26 and the lowest is $0.15. Schlumberger posted earnings of $0.25 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 28%. The company is scheduled to issue its next quarterly earnings report on Friday, April 16th.
On average, analysts expect that Schlumberger will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $1.18. For the next year, analysts forecast that the company will post earnings of $1.49 per share, with EPS estimates ranging from $1.15 to $1.73. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover 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 analysts’ consensus estimates of $0.17 by $0.05. Schlumberger had a negative net margin of 40.15% and a positive return on equity of 7.34%. During the same quarter in the previous year, the firm earned $0.39 earnings per share.
SLB has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of Schlumberger from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, January 25th. Credit Suisse Group lifted their price objective on shares of Schlumberger from $21.50 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, January 26th. Piper Sandler lifted their price objective on shares of Schlumberger from $18.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, February 1st. Smith Barney Citigroup lifted their price target on shares of Schlumberger from $25.00 to $30.00 in a research note on Tuesday, December 15th. Finally, Griffin Securities reiterated a “buy” rating on shares of Schlumberger in a research note on Tuesday, January 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company. Schlumberger has a consensus rating of “Buy” and a consensus price target of $22.94.
Shares of SLB traded up $0.21 during trading on Tuesday, reaching $27.75. 1,288,416 shares of the company traded hands, compared to its average volume of 13,704,587. Schlumberger has a twelve month low of $11.87 and a twelve month high of $31.99. The stock has a market cap of $38.64 billion, a PE ratio of -3.66, a price-to-earnings-growth ratio of 5.77 and a beta of 2.28. The stock has a 50-day simple moving average of $24.80 and a 200-day simple moving average of $20.33. The company has a quick ratio of 0.92, a current ratio of 1.22 and a debt-to-equity ratio of 1.33.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 8th. Investors of record on Wednesday, February 17th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, February 16th. This represents a $0.50 annualized dividend and a yield of 1.80%. Schlumberger’s dividend payout ratio (DPR) is 34.01%.
In other Schlumberger news, EVP Ashok Belani sold 15,000 shares of the business’s stock in a transaction on Wednesday, December 2nd. The shares were sold at an average price of $21.69, for a total value of $325,350.00. Following the transaction, the executive vice president now directly owns 267,514 shares of the company’s stock, valued at approximately $5,802,378.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Saul R. Laureles sold 5,000 shares of the business’s stock in a transaction on Thursday, December 3rd. The shares were sold at an average price of $21.85, for a total transaction of $109,250.00. Following the completion of the transaction, the director now directly owns 15,143 shares in the company, valued at $330,874.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,981 shares of company stock valued at $749,991. 0.58% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Concord Wealth Partners acquired a new position in shares of Schlumberger during the 4th quarter worth $26,000. Rosenberg Matthew Hamilton acquired a new position in shares of Schlumberger during the 4th quarter worth $27,000. Mcmillion Capital Management Inc. acquired a new position in shares of Schlumberger during the 4th quarter worth $28,000. Regent Peak Wealth Advisors LLC acquired a new stake in Schlumberger in the 4th quarter valued at about $29,000. Finally, Alpha DNA Investment Management LLC acquired a new stake in Schlumberger in the 4th quarter valued at about $30,000. 73.19% of the stock is currently owned by institutional investors.
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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