Schlumberger Limited. (NYSE:SLB) – Equities research analysts at Jefferies Group dropped their Q1 2018 earnings per share estimates for Schlumberger in a research report issued on Monday, according to Zacks Investment Research. Jefferies Group analyst B. Handler now anticipates that the oil and gas company will post earnings of $0.40 per share for the quarter, down from their prior forecast of $0.41. Jefferies Group currently has a “Buy” rating and a $78.00 price target on the stock. Jefferies Group also issued estimates for Schlumberger’s Q2 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.61 EPS, FY2018 earnings at $2.05 EPS and FY2020 earnings at $4.80 EPS.
Several other equities research analysts have also recently weighed in on SLB. Zacks Investment Research cut Schlumberger from a “hold” rating to a “sell” rating in a report on Monday. Cowen set a $85.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Wednesday. Atlantic Securities upgraded Schlumberger from a “neutral” rating to an “overweight” rating in a research note on Monday, January 22nd. Griffin Securities upgraded Schlumberger from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, Susquehanna Bancshares set a $88.00 target price on Schlumberger and gave the company a “buy” rating in a research note on Monday, January 22nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $82.29.
Schlumberger (NYSE SLB) traded down $0.05 during midday trading on Tuesday, reaching $65.87. The company’s stock had a trading volume of 12,936,795 shares, compared to its average volume of 10,240,000. Schlumberger has a 1-year low of $61.02 and a 1-year high of $82.69. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market cap of $91,250.00, a PE ratio of -60.43, a P/E/G ratio of 5.08 and a beta of 0.98.
Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The business had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. During the same quarter last year, the business posted $0.27 EPS. The business’s revenue was up 15.1% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s payout ratio is -183.49%.
In other news, CFO Simon Ayat sold 75,000 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now directly owns 138,827 shares in the company, valued at approximately $10,947,897.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Howard Guild sold 25,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the transaction, the insider now owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Aviance Capital Management LLC purchased a new position in Schlumberger during the second quarter valued at $100,000. FNY Partners Fund LP purchased a new position in Schlumberger during the fourth quarter valued at $101,000. Mountain Capital Investment Advisors Inc purchased a new position in Schlumberger during the second quarter valued at $107,000. Tradewinds Capital Management LLC lifted its position 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 valued at $108,000 after purchasing an additional 298 shares in the last quarter. Finally, Rational Advisors LLC purchased a new position in Schlumberger during the fourth quarter valued at $108,000. Hedge funds and other institutional investors own 79.18% of the company’s stock.
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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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