Schlumberger Limited. (NYSE:SLB) – Stock analysts at Griffin Securities raised their Q2 2018 earnings estimates for shares of Schlumberger in a note issued to investors on Tuesday. Griffin Securities analyst K. Simpson now anticipates that the oil and gas company will post earnings per share of $0.51 for the quarter, up from their previous forecast of $0.50. Griffin Securities has a “Buy” rating on the stock.
A number of other research firms have also recently commented on SLB. SunTrust Banks raised their price target on Schlumberger from $72.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Barclays set a $75.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Finally, Loop Capital reissued a “buy” rating and issued a $82.00 price objective (up previously from $77.00) on shares of Schlumberger in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $81.37.
Schlumberger (NYSE SLB) traded up $0.80 during trading hours on Friday, reaching $65.76. The company’s stock had a trading volume of 1,215,126 shares, compared to its average volume of 9,724,628. 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 company has a market capitalization of $89,125.30, a PE ratio of -60.33, a PEG ratio of 4.96 and a beta of 0.98. Schlumberger has a twelve month low of $61.02 and a twelve month high of $82.69.
Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is presently -183.49%.
In other news, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the sale, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Howard Guild sold 25,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the sale, the insider now directly 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 owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Harding Loevner LP raised its stake in Schlumberger by 1,337.3% during the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after acquiring an additional 129,289,552 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Schlumberger by 103.9% in the second quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock valued at $1,055,136,000 after acquiring an additional 8,167,945 shares in the last quarter. Dodge & Cox boosted its holdings in shares of Schlumberger by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after acquiring an additional 5,494,165 shares in the last quarter. Capital International Investors boosted its holdings in shares of Schlumberger by 74.8% in the third quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock valued at $699,798,000 after acquiring an additional 4,294,058 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Schlumberger by 33.5% in the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock valued at $731,990,000 after acquiring an additional 2,791,675 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
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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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