Schlumberger (NYSE:SLB) issued its quarterly earnings data on Friday. The oil and gas company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04, Bloomberg Earnings reports. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.12 billion. During the same quarter last year, the company earned $0.27 earnings per share. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year.
Schlumberger (SLB) opened at $76.42 on Friday. Schlumberger has a 12 month low of $61.02 and a 12 month high of $87.78. The stock has a market capitalization of $105,861.72, a PE ratio of 50.95, a PEG ratio of 5.85 and a beta of 1.01. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.62%. Schlumberger’s payout ratio is -183.49%.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Schlumberger from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $74.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 21st. FBR & Co reiterated a “buy” rating on shares of Schlumberger in a research note on Friday, October 20th. ValuEngine cut Schlumberger from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Credit Suisse Group set a $71.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Monday, October 23rd. Two investment 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 issued a strong buy rating to the company. Schlumberger presently has an average rating of “Buy” and an average price target of $80.15.
In other news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at $93,945. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Aviance Capital Management LLC acquired a new stake in Schlumberger during the second quarter worth about $100,000. Mountain Capital Investment Advisors Inc acquired a new stake in Schlumberger during the second quarter worth about $107,000. Tradewinds Capital Management LLC grew its holdings in Schlumberger by 22.3% during the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 298 shares during the period. Jacobi Capital Management LLC grew its holdings in Schlumberger by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 1,000 shares during the period. Finally, Atlantic Trust LLC acquired a new stake in Schlumberger during the second quarter worth about $137,000. Hedge funds and other institutional investors own 79.35% of the company’s stock.
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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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