Schlumberger Limited. (NYSE:SLB) – Research analysts at Seaport Global Securities boosted their Q3 2018 EPS estimates for Schlumberger in a report released on Monday, according to Zacks Investment Research. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will earn $0.52 per share for the quarter, up from their prior forecast of $0.51. Seaport Global Securities also issued estimates for Schlumberger’s Q4 2018 earnings at $0.60 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.72 EPS and FY2019 earnings at $2.75 EPS.
Several other brokerages also recently commented on SLB. B. Riley set a $80.00 price objective on Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Jefferies Group set a $78.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Thursday, January 4th. Citigroup increased their target price on Schlumberger from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Royal Bank of Canada set a $86.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 7th. Finally, Cowen set a $80.00 target price on Schlumberger and gave the stock a “buy” rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $79.37.
Shares of Schlumberger (SLB) opened at $77.05 on Wednesday. The company has a market capitalization of $106,730.00, a price-to-earnings ratio of 197.56, a P/E/G ratio of 1.53 and a beta of 1.01. Schlumberger has a 12 month low of $61.02 and a 12 month high of $87.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS.
Large investors have recently bought and sold shares of the company. Tradewinds Capital Management LLC lifted its stake in shares of Schlumberger by 29.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares in the last quarter. Aviance Capital Management LLC purchased a new stake in shares of Schlumberger during the 2nd quarter valued at approximately $100,000. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Schlumberger during the 2nd quarter valued at approximately $107,000. Jacobi Capital Management LLC lifted its stake in shares of Schlumberger by 95.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 1,000 shares in the last quarter. Finally, Atlantic Trust LLC purchased a new stake in Schlumberger in the 2nd quarter worth approximately $137,000. 79.31% of the stock is owned by institutional investors.
In other news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the transaction, the director now owns 1,500 shares in the company, valued at $93,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.38% of the stock is currently owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.60%. Schlumberger’s dividend payout ratio is currently 512.82%.
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Schlumberger 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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