Schlumberger N.V. (SLB) Releases Earnings Results, Beats Estimates By $0.05 EPS
Schlumberger N.V. (NYSE:SLB) issued its quarterly earnings results on Friday. The oil and gas company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05, Bloomberg Earnings reports. The company had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a positive return on equity of 3.32% and a negative net margin of 6.77%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share.
Shares of Schlumberger N.V. (SLB) traded down 0.2920% during midday trading on Friday, reaching $66.8243. The company’s stock had a trading volume of 6,684,964 shares. The company’s market cap is $92.85 billion. Schlumberger N.V. has a 12 month low of $64.15 and a 12 month high of $87.84. The stock has a 50-day moving average of $67.06 and a 200 day moving average of $75.68.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Thursday. Scotiabank set a $90.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, July 7th. Stephens reissued an “overweight” rating and set a $89.00 price target on shares of Schlumberger N.V. in a report on Monday, March 27th. Jefferies Group LLC reissued an “equal weight” rating on shares of Schlumberger N.V. in a report on Friday, April 14th. Finally, Cowen and Company reissued an “outperform” rating and set a $99.00 price target on shares of Schlumberger N.V. in a report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $88.77.
In other Schlumberger N.V. news, President Aaron Gatt Floridia sold 40,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $69.17, for a total value of $2,766,800.00. Following the completion of the sale, the president now directly owns 96,175 shares in the company, valued at $6,652,424.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter L. S. Currie purchased 3,625 shares of the stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $69.02 per share, with a total value of $250,197.50. Following the completion of the acquisition, the director now directly owns 31,550 shares of the company’s stock, valued at $2,177,581. The disclosure for this purchase can be found here. 0.38% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in SLB. SRS Capital Advisors Inc. purchased a new position in Schlumberger N.V. during the fourth quarter valued at $101,000. Tradewinds Capital Management LLC boosted its position 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. American Research & Management Co. boosted its position in Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 106 shares in the last quarter. Rocky Mountain Advisers LLC boosted its position in Schlumberger N.V. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 1,331 shares in the last quarter. Finally, MCF Advisors LLC boosted 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 buying an additional 915 shares in the last quarter. Institutional investors own 79.41% 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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