Schlumberger (SLB) Set to Announce Earnings on Friday

Schlumberger (NYSE:SLB) is scheduled to be posting its quarterly earnings results before the market opens on Friday, April 19th. Analysts expect Schlumberger to post earnings of $0.75 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $8.99 billion for the quarter, compared to analyst estimates of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The business’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 earnings per share. On average, analysts expect Schlumberger to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Schlumberger Stock Performance

NYSE SLB opened at $50.81 on Thursday. Schlumberger has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The stock’s fifty day moving average is $51.50 and its two-hundred day moving average is $52.50. The firm has a market capitalization of $72.53 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 0.93 and a beta of 1.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32.

Insider Activity

In related news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the completion of the sale, the executive vice president now directly owns 261,507 shares in the company, valued at $12,688,319.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the transaction, the executive vice president now directly owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the transaction, the chief financial officer now directly owns 249,182 shares in the company, valued at $13,151,825.96. The disclosure for this sale can be found here. Insiders sold 172,191 shares of company stock worth $8,636,322 over the last quarter. Corporate insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On Schlumberger

Hedge funds have recently made changes to their positions in the stock. Hobbs Group Advisors LLC bought a new position in Schlumberger during the fourth quarter worth about $80,000. SageView Advisory Group LLC raised its stake in shares of Schlumberger by 82.5% in the fourth quarter. SageView Advisory Group LLC now owns 6,955 shares of the oil and gas company’s stock valued at $343,000 after acquiring an additional 3,145 shares during the last quarter. Sanibel Captiva Trust Company Inc. bought a new position in shares of Schlumberger in the fourth quarter valued at approximately $8,078,000. Harbour Investments Inc. raised its stake in shares of Schlumberger by 18.1% in the fourth quarter. Harbour Investments Inc. now owns 2,001 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 307 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Schlumberger in the fourth quarter valued at approximately $2,173,000. Institutional investors own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SLB shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a report on Monday, April 1st. Bank of America boosted their price objective on Schlumberger from $62.00 to $63.00 and gave the company a “buy” rating in a report on Monday. Benchmark reiterated a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a report on Wednesday, April 3rd. Susquehanna restated a “positive” rating and set a $77.00 price target on shares of Schlumberger in a report on Monday, April 8th. Finally, Royal Bank of Canada upped their price target on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.31.

About Schlumberger

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.