Schlumberger (SLB) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS
Schlumberger (NYSE:SLB) issued its quarterly earnings data on Friday. The company reported $1.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.24 by $0.05, AmericanBankingNews.com reports. The company had revenue of $11.61 billion for the quarter, compared to the consensus estimate of $11.58 billion.
Schlumberger (NYSE:SLB) opened at 91.43 on Friday. Schlumberger has a 1-year low of $66.85 and a 1-year high of $92.40. The stock has a 50-day moving average of $87.51 and a 200-day moving average of $79.16. The company has a market cap of $121.0 billion and a P/E ratio of 19.93. Schlumberger also was the recipient of some unusual options trading on Tuesday. Stock investors bought 53,517 call options on the company. This is an increase of 394% compared to the average volume of 10,844 call options.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 10th. Shareholders of record on Wednesday, December 4th will be given a dividend of $0.31 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.37%.
SLB has been the subject of a number of recent research reports. Analysts at Societe Generale raised their price target on shares of Schlumberger from $94.00 to $104.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. On the ratings front, analysts at Susquehanna raised their price target on shares of Schlumberger from $96.00 to $105.00 in a research note to investors on Wednesday. They now have a “positive” rating on the stock. Finally, analysts at HSBC downgraded shares of Schlumberger from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $98.00 price target on the stock, up previously from $96.00. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $97.50.
Schlumberger Limited (NYSE:SLB) is the supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry.
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