Equities analysts predict that Schlumberger Limited (NYSE:SLB) will report earnings of $0.35 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Schlumberger’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.38. Schlumberger posted earnings per share of $0.21 during the same quarter last year, which indicates a positive year over year growth rate of 66.7%. The firm is scheduled to announce its next earnings results on Friday, April 22nd.
On average, analysts expect that Schlumberger will report full-year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $1.86 to $2.10. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.67 per share, with EPS estimates ranging from $2.42 to $2.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Schlumberger.
Schlumberger (NYSE:SLB) last released its earnings results on Thursday, January 20th. The oil and gas company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $6.23 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Schlumberger had a return on equity of 13.32% and a net margin of 8.20%. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 EPS.
A number of equities research analysts have recently issued reports on SLB shares. Royal Bank of Canada upped their price objective on Schlumberger from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, January 24th. BNP Paribas upgraded Schlumberger from a “neutral” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Wednesday, January 26th. Zacks Investment Research upgraded Schlumberger from a “hold” rating to a “strong-buy” rating and set a $46.00 price target on the stock in a research note on Thursday, January 27th. Stephens increased their price target on Schlumberger from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, January 24th. Finally, Argus increased their price target on Schlumberger from $38.00 to $45.00 in a research note on Tuesday, January 25th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $42.42.
Shares of Schlumberger stock traded up $1.45 on Friday, reaching $40.62. 15,524,649 shares of the company were exchanged, compared to its average volume of 16,580,105. Schlumberger has a one year low of $24.52 and a one year high of $41.04. The company has a market capitalization of $56.97 billion, a price-to-earnings ratio of 30.77 and a beta of 2.29. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average of $34.38 and a 200 day moving average of $31.65.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 7th. Stockholders of record on Wednesday, February 9th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, February 8th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.23%. Schlumberger’s dividend payout ratio (DPR) is 37.88%.
In related news, CAO Howard Guild sold 25,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 26th. The stock was sold at an average price of $39.02, for a total transaction of $995,010.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pierre Chereque sold 8,249 shares of the firm’s stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $39.31, for a total value of $324,268.19. The disclosure for this sale can be found here. Insiders have sold 46,634 shares of company stock valued at $1,719,229 over the last 90 days. 0.26% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Boston Partners boosted its position in shares of Schlumberger by 6.5% during the fourth quarter. Boston Partners now owns 24,189,830 shares of the oil and gas company’s stock valued at $725,420,000 after buying an additional 1,474,462 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Schlumberger by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 23,408,484 shares of the oil and gas company’s stock valued at $699,052,000 after buying an additional 714,053 shares during the last quarter. Deutsche Bank AG lifted its holdings in Schlumberger by 31.0% during the third quarter. Deutsche Bank AG now owns 20,260,955 shares of the oil and gas company’s stock worth $600,534,000 after acquiring an additional 4,796,866 shares during the period. Van ECK Associates Corp lifted its holdings in Schlumberger by 6.0% during the third quarter. Van ECK Associates Corp now owns 18,194,171 shares of the oil and gas company’s stock worth $539,275,000 after acquiring an additional 1,025,214 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in Schlumberger by 6.4% during the fourth quarter. Fisher Asset Management LLC now owns 17,168,156 shares of the oil and gas company’s stock worth $514,186,000 after acquiring an additional 1,038,016 shares during the period. 74.71% of the stock is owned by hedge funds and other institutional investors.
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.