Jefferies Group Weighs in on Schlumberger NV’s Q3 2017 Earnings (SLB)
Schlumberger NV (NYSE:SLB) – Research analysts at Jefferies Group increased their Q3 2017 EPS estimates for Schlumberger NV in a report released on Tuesday. Jefferies Group analyst B. Handler now expects that the brokerage will post earnings of $0.54 per share for the quarter, up from their previous estimate of $0.51. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Schlumberger NV’s FY2018 earnings at $4.15 EPS.
A number of other brokerages have also weighed in on SLB. Howard Weil boosted their price target on Schlumberger NV from $80.00 to $90.00 and gave the stock a “sector outperform” rating in a research note on Monday, July 25th. Scotiabank restated a “sector outperform” rating and set a $90.00 price target (up previously from $80.00) on shares of Schlumberger NV in a research note on Tuesday, July 26th. Goldman Sachs Group Inc. set a $100.00 price target on Schlumberger NV and gave the stock a “buy” rating in a research note on Monday, July 25th. Seaport Global Securities restated a “buy” rating on shares of Schlumberger NV in a research note on Friday, August 19th. Finally, Nomura set a $91.00 price target on Schlumberger NV and gave the stock a “buy” rating in a research note on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $91.01.
Shares of Schlumberger NV (NYSE:SLB) opened at 80.10 on Wednesday. The firm’s 50-day moving average is $80.09 and its 200-day moving average is $78.72. Schlumberger NV has a 1-year low of $59.60 and a 1-year high of $84.30. The company’s market cap is $111.44 billion.
Schlumberger NV (NYSE:SLB) last released its earnings results on Thursday, October 20th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Schlumberger NV had a negative net margin of 8.78% and a positive return on equity of 5.06%. The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter last year, the business earned $0.78 EPS. The firm’s revenue was down 17.2% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Wednesday, December 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.50%. Schlumberger NV’s dividend payout ratio is presently -108.70%.
In related news, Director Michael E. Marks sold 13,600 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $81.19, for a total transaction of $1,104,184.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $81.00, for a total value of $405,000.00. Following the transaction, the director now owns 12,750 shares of the company’s stock, valued at $1,032,750. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Smith Asset Management Group LP boosted its position in shares of Schlumberger NV by 6.7% in the third quarter. Smith Asset Management Group LP now owns 1,280 shares of the company’s stock worth $101,000 after buying an additional 80 shares during the period. Invictus RG boosted its position in shares of Schlumberger NV by 379.2% in the second quarter. Invictus RG now owns 1,313 shares of the company’s stock worth $104,000 after buying an additional 1,039 shares during the period. Roble Belko & Company Inc purchased a new position in shares of Schlumberger NV during the second quarter worth approximately $108,000. WealthTrust Arizona LLC boosted its position in shares of Schlumberger NV by 5.5% in the third quarter. WealthTrust Arizona LLC now owns 1,429 shares of the company’s stock worth $112,000 after buying an additional 74 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of Schlumberger NV by 78.3% in the second quarter. Proficio Capital Partners LLC now owns 1,426 shares of the company’s stock worth $113,000 after buying an additional 626 shares during the period. Institutional investors own 79.04% of the company’s stock.
Schlumberger NV Company Profile
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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