Schlumberger Limited. (NYSE:SLB) – Research analysts at Griffin Securities cut their Q1 2018 earnings estimates for shares of Schlumberger in a note issued to investors on Tuesday. Griffin Securities analyst K. Simpson now expects that the oil and gas company will earn $0.37 per share for the quarter, down from their prior estimate of $0.40. Griffin Securities has a “Buy” rating on the stock. Griffin Securities also issued estimates for Schlumberger’s Q3 2018 earnings at $0.61 EPS.
Other equities analysts also recently issued reports about the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $85.00 price target on shares of Schlumberger in a report on Sunday, January 21st. Morgan Stanley set a $81.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 18th. Cowen set a $85.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 11th. Jefferies Group set a $78.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Thursday, January 4th. Finally, B. Riley set a $80.00 price objective on Schlumberger and gave the company a “buy” rating in a report on Wednesday, January 3rd. Three equities research 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 given a strong buy rating to the company. Schlumberger currently has an average rating of “Buy” and a consensus target price of $81.37.
Schlumberger (SLB) opened at $66.50 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $92,120.00, a P/E ratio of -58.33, a P/E/G ratio of 4.96 and a beta of 0.98. Schlumberger has a fifty-two week low of $61.02 and a fifty-two week high of $82.69.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s payout ratio is -175.44%.
In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of the 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 completion of the transaction, the chief financial officer now owns 138,827 shares in the company, valued at $10,947,897.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Howard Guild sold 25,000 shares of the 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 of the company’s stock, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Harding Loevner LP grew its holdings in Schlumberger by 1,337.3% in the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock valued at $569,035,000 after purchasing an additional 129,289,552 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in 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 purchasing an additional 8,167,945 shares during the last quarter. Dodge & Cox grew its holdings in 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 purchasing an additional 5,494,165 shares during the last quarter. Capital International Investors grew its holdings in 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 purchasing an additional 4,294,058 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in 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 purchasing an additional 2,791,675 shares during the last quarter. Hedge funds and other institutional investors own 80.69% 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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