Zacks: Analysts Anticipate Schlumberger N.V. (SLB) Will Post Earnings of $0.42 Per Share
Analysts expect that Schlumberger N.V. (NYSE:SLB) will report earnings of $0.42 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Schlumberger N.V.’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.39. Schlumberger N.V. posted earnings of $0.25 per share in the same quarter last year, which indicates a positive year over year growth rate of 68%. The firm is expected to announce its next earnings report before the market opens on Friday, October 20th.
On average, analysts expect that Schlumberger N.V. will report full year earnings of $1.52 per share for the current financial year, with EPS estimates ranging from $1.42 to $1.60. For the next year, analysts expect that the company will post earnings of $2.36 per share, with EPS estimates ranging from $1.95 to $3.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Schlumberger N.V..
Schlumberger N.V. (NYSE:SLB) last announced its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The firm had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis.
SLB has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on Schlumberger N.V. from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 21st. Sanford C. Bernstein raised Schlumberger N.V. from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $94.00 to $80.00 in a report on Thursday, July 6th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating on shares of Schlumberger N.V. in a report on Saturday, July 22nd. BMO Capital Markets reissued a “buy” rating and issued a $74.00 target price on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $85.80.
Schlumberger N.V. (NYSE:SLB) traded down 0.63% during trading on Monday, hitting $69.32. 7,254,816 shares of the stock were exchanged. The stock has a market cap of $95.98 billion, a price-to-earnings ratio of 545.83 and a beta of 1.05. The firm’s 50 day moving average price is $65.20 and its 200-day moving average price is $70.30. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 2.89%. Schlumberger N.V.’s dividend payout ratio is 1,538.58%.
In other Schlumberger N.V. news, Director Michael E. Marks bought 8,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $64.20 per share, for a total transaction of $513,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Helge Lund bought 2,800 shares of the business’s stock in a transaction on Monday, July 24th. The shares were acquired at an average price of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Tradewinds Capital Management LLC boosted its stake in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares in the last quarter. Aviance Capital Management LLC bought a new position in Schlumberger N.V. in the second quarter valued at about $100,000. MCF Advisors LLC grew its position in Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after acquiring an additional 915 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Schlumberger N.V. in the second quarter valued at about $107,000. Finally, Proficio Capital Partners LLC grew its position in Schlumberger N.V. by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 78.91% of the company’s stock.
About Schlumberger N.V.
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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