Schlumberger (NYSE:SLB) posted its earnings results on Friday. The oil and gas company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.44 by $0.04, Bloomberg Earnings reports. The firm had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. Schlumberger’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share.

Shares of Schlumberger (SLB) opened at $76.42 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. The stock has a market capitalization of $105,861.72, a P/E ratio of 50.95, a PEG ratio of 5.85 and a beta of 1.01. Schlumberger has a 12 month low of $61.02 and a 12 month high of $87.78.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.62%. Schlumberger’s dividend payout ratio is presently -183.49%.

Several research firms recently commented on SLB. Barclays set a $70.00 target price on Schlumberger and gave the stock a “hold” rating in a report on Wednesday, October 25th. SunTrust Banks reaffirmed a “hold” rating on shares of Schlumberger in a report on Tuesday, October 31st. Piper Jaffray Companies raised their price objective on Schlumberger from $74.00 to $90.00 and gave the company an “overweight” rating in a report on Friday. Citigroup raised their price objective on Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, October 5th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price objective (down from $86.00) on shares of Schlumberger in a report on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Schlumberger currently has an average rating of “Buy” and an average target price of $80.15.

In other news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the sale, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

Large investors have recently modified their holdings of the company. Aviance Capital Management LLC purchased a new position in Schlumberger during the second quarter worth approximately $100,000. Mountain Capital Investment Advisors Inc purchased a new position in Schlumberger during the second quarter worth approximately $107,000. Tradewinds Capital Management LLC lifted its position in Schlumberger by 22.3% during the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after buying an additional 298 shares in the last quarter. Jacobi Capital Management LLC lifted its position in Schlumberger by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after buying an additional 1,000 shares in the last quarter. Finally, Atlantic Trust LLC purchased a new position in Schlumberger during the second quarter worth approximately $137,000. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

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Schlumberger 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.

Earnings History for Schlumberger (NYSE:SLB)

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