Schlumberger (NYSE:SLB) is scheduled to issue its quarterly earnings data before the market opens on Friday, October 19th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, July 20th. The oil and gas company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $8.35 billion. Schlumberger had a negative net margin of 2.34% and a positive return on equity of 6.25%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company posted $0.35 earnings per share. On average, analysts expect Schlumberger to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

SLB stock opened at $59.68 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The company has a market cap of $84.32 billion, a P/E ratio of 39.95, a P/E/G ratio of 5.68 and a beta of 0.93. Schlumberger has a 52 week low of $58.30 and a 52 week high of $80.35.

The business also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Wednesday, September 5th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Tuesday, September 4th. Schlumberger’s dividend payout ratio is currently 133.33%.

In other Schlumberger news, Director Michael E. Marks bought 8,000 shares of Schlumberger stock in a transaction on Thursday, September 6th. The stock was purchased at an average cost of $60.31 per share, for a total transaction of $482,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.48% of the stock is owned by insiders.

SLB has been the subject of several research reports. Citigroup decreased their price target on shares of Schlumberger from $79.00 to $78.00 and set a “buy” rating for the company in a report on Monday, June 25th. Jefferies Financial Group set a $80.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Monday, July 23rd. Seaport Global Securities set a $72.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Monday, July 23rd. Credit Suisse Group raised their price target on shares of Schlumberger from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, July 23rd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $80.00 price target on shares of Schlumberger in a report on Monday, July 23rd. Eight research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $78.90.

Schlumberger Company Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Earnings History for Schlumberger (NYSE:SLB)

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