Schlumberger NV (SLB) Set to Announce Earnings on Thursday
Schlumberger NV (NYSE:SLB) will release its Q316 earnings data on Thursday, October 20th. Analysts expect Schlumberger NV to post earnings of $0.23 per share and revenue of $7.24 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Schlumberger NV (NYSE:SLB) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. The company had revenue of $7.16 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. On average, analysts expect Schlumberger NV to post $1.12 EPS for the current fiscal year and $1.95 EPS for the next fiscal year.
Schlumberger NV (NYSE:SLB) opened at 80.98 on Tuesday. The stock’s market capitalization is $112.62 billion. The company’s 50 day moving average price is $78.67 and its 200-day moving average price is $78.24. Schlumberger NV has a one year low of $59.60 and a one year high of $83.97.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Wednesday, September 7th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Friday, September 2nd. Schlumberger NV’s dividend payout ratio (DPR) is presently -168.07%.
A number of analysts recently commented on the company. Seaport Global Securities reiterated a “buy” rating on shares of Schlumberger NV in a research report on Friday, August 19th. Citigroup Inc. upped their price objective on Schlumberger NV from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Nomura set a $91.00 price target on Schlumberger NV and gave the company a “buy” rating in a report on Tuesday, August 16th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Schlumberger NV in a report on Friday, July 22nd. Finally, Goldman Sachs Group Inc. set a $100.00 price target on Schlumberger NV and gave the company a “buy” rating in a report on Monday, July 25th. Four analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Schlumberger NV has a consensus rating of “Buy” and an average price target of $90.69.
In other Schlumberger NV news, insider Howard Guild sold 11,900 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $81.32, for a total transaction of $967,708.00. Following the sale, the insider now owns 19,781 shares of the company’s stock, valued at approximately $1,608,590.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Scott Rowe sold 8,001 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $80.65, for a total value of $645,280.65. Following the sale, the insider now directly owns 21,307 shares in the company, valued at approximately $1,718,409.55. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.
A number of hedge funds have recently made changes to their positions in SLB. Banced Corp bought a new stake in shares of Schlumberger NV during the second quarter valued at about $229,000. Cornerstone Advisors Inc. boosted its stake in shares of Schlumberger NV by 23.0% in the second quarter. Cornerstone Advisors Inc. now owns 2,084 shares of the company’s stock valued at $165,000 after buying an additional 390 shares during the period. Argent Trust Co boosted its stake in shares of Schlumberger NV by 2.6% in the second quarter. Argent Trust Co now owns 15,282 shares of the company’s stock valued at $1,209,000 after buying an additional 390 shares during the period. D L Carlson Investment Group Inc. boosted its stake in shares of Schlumberger NV by 5.2% in the second quarter. D L Carlson Investment Group Inc. now owns 36,250 shares of the company’s stock valued at $2,867,000 after buying an additional 1,800 shares during the period. Finally, Columbia Partners L L C Investment Management boosted its stake in shares of Schlumberger NV by 147.1% in the second quarter. Columbia Partners L L C Investment Management now owns 96,064 shares of the company’s stock valued at $7,596,000 after buying an additional 57,185 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.
About Schlumberger NV
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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