Schlumberger N.V. (SLB) to Release Earnings on Friday
Schlumberger N.V. (NYSE:SLB) will be releasing its earnings data after the market closes on Friday, October 20th. Analysts expect Schlumberger N.V. to post earnings of $0.42 per share for the quarter.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect Schlumberger N.V. to post $1.52 EPS for the current fiscal year and $2.32 EPS for the next fiscal year.
Shares of Schlumberger N.V. (SLB) opened at 66.50 on Wednesday. The firm has a market cap of $92.07 billion, a PE ratio of 523.62 and a beta of 1.05. The firm’s 50-day moving average price is $67.14 and its 200-day moving average price is $68.98. Schlumberger N.V. has a 12 month low of $62.56 and a 12 month high of $87.84.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.01%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
In related news, Director Helge Lund purchased 2,800 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were bought at an average price of $66.78 per share, for a total transaction of $186,984.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael E. Marks purchased 8,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in SLB. Vanguard Group Inc. lifted its holdings in shares of Schlumberger N.V. by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after acquiring an additional 2,790,227 shares in the last quarter. Dodge & Cox lifted its holdings in shares of Schlumberger N.V. by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock valued at $3,178,193,000 after acquiring an additional 5,494,165 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Schlumberger N.V. by 2.9% during the 2nd quarter. Northern Trust Corp now owns 18,762,468 shares of the oil and gas company’s stock valued at $1,235,321,000 after acquiring an additional 536,928 shares in the last quarter. Northern Cross LLC lifted its holdings in shares of Schlumberger N.V. by 3.8% during the 2nd quarter. Northern Cross LLC now owns 16,896,879 shares of the oil and gas company’s stock valued at $1,112,491,000 after acquiring an additional 620,270 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of Schlumberger N.V. by 13.8% during the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock valued at $1,083,727,000 after acquiring an additional 1,993,829 shares in the last quarter. Institutional investors own 78.85% of the company’s stock.
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Several equities analysts have issued reports on the stock. Seaport Global Securities restated a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. Deutsche Bank AG assumed coverage on shares of Schlumberger N.V. in a research note on Tuesday, October 10th. They set a “buy” rating and a $78.00 target price for the company. Royal Bank Of Canada set a $86.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, October 7th. BMO Capital Markets downgraded shares of Schlumberger N.V. from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $74.00 to $72.00 in a research note on Wednesday, October 11th. Finally, BidaskClub downgraded shares of Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $82.64.
Schlumberger N.V. Company Profile
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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