Schlumberger Limited. (NYSE:SLB) – Investment analysts at Seaport Global Securities cut their Q1 2018 earnings per share (EPS) estimates for shares of Schlumberger in a research note issued on Wednesday. Seaport Global Securities analyst M. Urban now forecasts that the oil and gas company will post earnings per share of $0.37 for the quarter, down from their previous forecast of $0.43.
Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.12 billion. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Schlumberger’s revenue was up 15.1% on a year-over-year basis.
SLB has been the subject of several other research reports. Royal Bank of Canada set a $73.00 price objective on Schlumberger and gave the stock a “buy” rating in a report on Thursday, December 21st. UBS set a $95.00 price objective on Schlumberger and gave the stock a “buy” rating in a report on Monday, January 22nd. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. ValuEngine lowered Schlumberger from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Cowen set a $85.00 target price on Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. Schlumberger presently has an average rating of “Buy” and a consensus price target of $81.44.
Schlumberger (NYSE:SLB) opened at $65.52 on Friday. Schlumberger has a twelve month low of $61.02 and a twelve month high of $80.89. 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 $93,747.63, a PE ratio of 45.16, a PEG ratio of 5.23 and a beta of 1.03.
Institutional investors have recently made changes to their positions in the stock. Delek Group Ltd. bought a new position in shares of Schlumberger during the fourth quarter valued at approximately $100,000. Aviance Capital Management LLC bought a new position in shares of Schlumberger during the second quarter valued at approximately $100,000. FNY Partners Fund LP bought a new position in shares of Schlumberger during the fourth quarter valued at approximately $101,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Schlumberger during the second quarter valued at approximately $107,000. Finally, Rational Advisors LLC bought a new position in shares of Schlumberger during the fourth quarter valued at approximately $108,000. Institutional investors own 79.88% of the company’s stock.
In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 138,827 shares in the company, valued at $10,947,897.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total value of $1,956,500.00. Following 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. Insiders own 0.48% of the company’s stock.
The business 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. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 annualized dividend and a yield of 3.05%. Schlumberger’s payout ratio is currently -183.49%.
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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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