Analysts Expect Schlumberger N.V. (SLB) Will Post Quarterly Sales of $7.94 Billion
Equities research analysts expect Schlumberger N.V. (NYSE:SLB) to report sales of $7.94 billion for the current quarter, according to Zacks. Seven analysts have issued estimates for Schlumberger N.V.’s earnings, with estimates ranging from $7.85 billion to $8.03 billion. Schlumberger N.V. reported sales of $7.02 billion during the same quarter last year, which would suggest a positive year over year growth rate of 13.1%. The company is expected to issue its next quarterly earnings report before the market opens on Friday, October 20th.
According to Zacks, analysts expect that Schlumberger N.V. will report full-year sales of $7.94 billion for the current year, with estimates ranging from $30.14 billion to $31.02 billion. For the next fiscal year, analysts expect that the firm will post sales of $35.06 billion per share, with estimates ranging from $33.01 billion to $37.54 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Schlumberger N.V..
Schlumberger N.V. (NYSE:SLB) last released 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 for the quarter, compared to analyst estimates of $7.25 billion. During the same quarter last year, the firm posted $0.23 earnings per share. Schlumberger N.V.’s revenue was up 4.2% compared to the same quarter last year.
Several research analysts have recently weighed in on SLB shares. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Scotiabank set a $90.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, July 7th. Iberia Capital lowered Schlumberger N.V. from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $100.00 to $77.00 in a research report on Thursday, June 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $80.00 target price on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Finally, Morgan Stanley raised their target price on Schlumberger N.V. from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Schlumberger N.V. currently has an average rating of “Buy” and a consensus price target of $85.80.
Schlumberger N.V. (NYSE SLB) opened at 69.06 on Wednesday. The company has a 50 day moving average price of $65.94 and a 200 day moving average price of $69.56. The firm has a market capitalization of $95.62 billion, a price-to-earnings ratio of 543.78 and a beta of 1.05. Schlumberger N.V. has a 12 month low of $62.56 and a 12 month high of $87.84.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
In related news, Director Michael E. Marks purchased 8,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $64.20 per share, with a total value of $513,600.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Helge Lund purchased 2,800 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average cost of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of SLB. Aviance Capital Management LLC bought a new stake in shares of Schlumberger N.V. in the second quarter valued at $100,000. Tradewinds Capital Management LLC lifted its position in shares of Schlumberger N.V. by 29.8% during the 1st 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 during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in shares of Schlumberger N.V. during the 2nd quarter valued at $107,000. MCF Advisors LLC lifted its position in shares of Schlumberger N.V. by 130.3% during the 1st 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 during the last quarter. Finally, Jacobi Capital Management LLC lifted its position in shares of Schlumberger N.V. by 95.8% during the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock valued at $134,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.
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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