Schlumberger NV (NYSE:SLB) – Investment analysts at Jefferies Group raised their Q1 2017 earnings estimates for shares of Schlumberger NV in a report released on Tuesday. Jefferies Group analyst B. Handler now anticipates that the firm will earn $0.31 per share for the quarter, up from their prior forecast of $0.29. Jefferies Group has a “Hold” rating and a $88.00 price target on the stock. Jefferies Group also issued estimates for Schlumberger NV’s Q2 2017 earnings at $0.42 EPS, Q3 2017 earnings at $0.51 EPS, FY2017 earnings at $1.90 EPS and FY2018 earnings at $3.80 EPS.

Several other research firms have also weighed in on SLB. Seaport Global Securities reissued a “buy” rating on shares of Schlumberger NV in a research note on Friday, August 19th. Citigroup Inc. raised their price objective on Schlumberger NV from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Nomura set a $91.00 target price on Schlumberger NV and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Howard Weil raised their target price on Schlumberger NV from $80.00 to $90.00 and gave the stock a “sector outperform” rating in a research report on Monday, July 25th. Finally, Goldman Sachs Group Inc. set a $100.00 target price on Schlumberger NV and gave the stock a “buy” rating in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $90.69.

Earnings History and Estimates for Schlumberger NV (NYSE:SLB)

Shares of Schlumberger NV (NYSE:SLB) traded up 3.18% during midday trading on Wednesday, hitting $83.98. The stock had a trading volume of 6,186,038 shares. The firm has a 50-day moving average price of $78.67 and a 200-day moving average price of $78.31. The firm’s market cap is $116.79 billion. Schlumberger NV has a 1-year low of $59.60 and a 1-year high of $84.30.

Schlumberger NV (NYSE:SLB) last issued its earnings results on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. The company earned $7.16 billion during the quarter, compared to the consensus estimate of $7.09 billion.

Several institutional investors have recently made changes to their positions in SLB. Capital World Investors raised its position in shares of Schlumberger NV by 33.4% in the second quarter. Capital World Investors now owns 89,278,480 shares of the company’s stock valued at $7,060,142,000 after buying an additional 22,351,159 shares during the period. Vanguard Group Inc. raised its position in shares of Schlumberger NV by 12.8% in the second quarter. Vanguard Group Inc. now owns 88,801,969 shares of the company’s stock valued at $7,022,460,000 after buying an additional 10,096,266 shares during the period. State Street Corp raised its position in shares of Schlumberger NV by 10.1% in the second quarter. State Street Corp now owns 63,598,644 shares of the company’s stock valued at $5,029,383,000 after buying an additional 5,820,269 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Schlumberger NV by 9.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 35,907,956 shares of the company’s stock valued at $2,839,601,000 after buying an additional 3,130,111 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Schlumberger NV by 6.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 21,638,721 shares of the company’s stock valued at $1,711,191,000 after buying an additional 1,263,533 shares during the period. 78.32% of the stock is owned by institutional investors.

In other Schlumberger NV news, insider Howard Guild sold 11,900 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $81.32, for a total transaction of $967,708.00. Following the completion of the sale, the insider now owns 19,781 shares in the company, valued at approximately $1,608,590.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Scott Rowe sold 8,001 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $80.65, for a total transaction of $645,280.65. Following the sale, the insider now owns 21,307 shares of the company’s stock, 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.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Friday, September 2nd. Schlumberger NV’s payout ratio is -168.07%.

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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