Wall Street brokerages expect Schlumberger N.V. (NYSE:SLB) to post earnings of $0.41 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Schlumberger N.V.’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.43. Schlumberger N.V. reported earnings of $0.25 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 64%. The firm is scheduled to report its next earnings results on Thursday, October 19th.
According to Zacks, analysts expect that Schlumberger N.V. will report full year earnings of $1.50 per share for the current year, with EPS estimates ranging from $1.40 to $1.60. For the next financial year, analysts anticipate that the business will report earnings of $2.37 per share, with EPS estimates ranging from $1.69 to $3.38. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Schlumberger N.V..
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The firm had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the prior year, the company earned $0.23 EPS. The company’s revenue was up 4.2% compared to the same quarter last year.
A number of research analysts recently weighed in on SLB shares. Deutsche Bank AG dropped their price objective on shares of Schlumberger N.V. from $100.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 24th. SunTrust Banks, Inc. upgraded shares of Schlumberger N.V. from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Thursday, April 20th. Jefferies Group LLC dropped their price objective on shares of Schlumberger N.V. from $96.00 to $92.00 and set a “buy” rating for the company in a report on Monday, April 24th. Evercore ISI set a $93.00 price objective on shares of Schlumberger N.V. and gave the company a “buy” rating in a report on Saturday, April 22nd. Finally, UBS AG set a $90.00 price objective on shares of Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Schlumberger N.V. has an average rating of “Buy” and an average price target of $86.40.
Shares of Schlumberger N.V. (NYSE SLB) opened at 66.55 on Tuesday. Schlumberger N.V. has a 12 month low of $64.15 and a 12 month high of $87.84. The stock has a 50 day moving average of $66.69 and a 200 day moving average of $74.58. The stock has a market cap of $92.14 billion, a PE ratio of 524.02 and a beta of 1.02.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.01%. Schlumberger N.V.’s dividend payout ratio (DPR) is 1,538.58%.
In other Schlumberger N.V. news, Director Helge Lund purchased 2,800 shares of Schlumberger N.V. stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average price of $66.78 per share, for a total transaction of $186,984.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total transaction of $349,100.00. Following the completion of the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $349,100. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in SLB. Valley National Advisers Inc. increased its stake in Schlumberger N.V. by 0.3% in 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 buying an additional 8 shares during the period. Wealth Architects LLC increased its stake in Schlumberger N.V. by 0.3% in the first quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock valued at $313,000 after buying an additional 13 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in Schlumberger N.V. by 0.5% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,720 shares of the oil and gas company’s stock valued at $291,000 after buying an additional 18 shares during the period. Syntal Capital Partners LLC increased its stake in Schlumberger N.V. by 0.5% in the first quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock valued at $439,000 after buying an additional 29 shares during the period. Finally, Family Legacy Inc. increased its stake in Schlumberger N.V. by 0.9% in the second quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 79.14% of the company’s stock.
Schlumberger N.V. Company Profile
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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