Schlumberger (NYSE:SLB) will announce its earnings results before the market opens on Friday, January 21st. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Thursday, October 21st. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $5.85 billion for the quarter, compared to the consensus estimate of $5.94 billion. Schlumberger had a net margin of 7.44% and a return on equity of 11.90%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, analysts expect Schlumberger to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
SLB opened at $36.17 on Friday. The company has a 50-day moving average of $31.35 and a 200-day moving average of $30.41. The company has a market capitalization of $50.73 billion, a P/E ratio of 30.91 and a beta of 2.29. Schlumberger has a 1-year low of $21.23 and a 1-year high of $37.12. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.93 and a current ratio of 1.27.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 13th. Stockholders of record on Wednesday, December 1st were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Tuesday, November 30th. Schlumberger’s payout ratio is currently 42.74%.
In other news, insider Dianne B. Ralston sold 12,885 shares of the company’s stock in a transaction that occurred on Wednesday, December 8th. The shares were sold at an average price of $31.04, for a total value of $399,950.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company’s stock.
Several equities research analysts have recently weighed in on SLB shares. JPMorgan Chase & Co. raised shares of Schlumberger from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $28.00 to $37.00 in a research report on Thursday, October 7th. Benchmark started coverage on shares of Schlumberger in a research report on Friday, November 19th. They set a “hold” rating for the company. Oddo Securities started coverage on shares of Schlumberger in a research report on Thursday, October 14th. They set an “outperform” rating and a $44.50 price objective for the company. Oddo Bhf started coverage on shares of Schlumberger in a research report on Thursday, October 14th. They set an “outperform” rating and a $44.50 price objective for the company. Finally, Barclays reaffirmed an “overweight” rating and set a $48.00 price objective (up previously from $38.00) on shares of Schlumberger in a research report on Monday, October 25th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $35.00.
About Schlumberger
Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration; Reservoir Performance; Well Construction; and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.