Equities Analysts Offer Predictions for Schlumberger N.V.’s FY2017 Earnings (SLB)
Schlumberger N.V. (NYSE:SLB) – Equities researchers at Capital One Financial Corporation reduced their FY2017 earnings estimates for shares of Schlumberger N.V. in a research report issued on Wednesday. Capital One Financial Corporation analyst L. Lemoine now forecasts that the oil and gas company will earn $1.44 per share for the year, down from their prior estimate of $1.45.
Several other equities research analysts have also recently commented on the stock. Morgan Stanley boosted their price objective on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 21st. Sanford C. Bernstein raised shares of Schlumberger N.V. from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $94.00 to $80.00 in a research report on Thursday, July 6th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating on shares of Schlumberger N.V. in a research report on Saturday, July 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Schlumberger N.V. in a research report on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $83.28.
Shares of Schlumberger N.V. (NYSE SLB) opened at 67.74 on Thursday. Schlumberger N.V. has a 12 month low of $62.56 and a 12 month high of $87.84. The stock’s 50 day moving average price is $66.81 and its 200-day moving average price is $69.20. The firm has a market cap of $93.79 billion, a P/E ratio of 533.39 and a beta of 1.05.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a yield of 2.95%. Schlumberger N.V.’s dividend payout ratio (DPR) is currently 1,538.58%.
In other Schlumberger N.V. news, Director Michael E. Marks bought 8,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $64.20 per share, for a total transaction of $513,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Helge Lund bought 2,800 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were acquired at an average price 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 corporate insiders.
Large investors have recently made changes to their positions in the business. Bank of Montreal Can grew its position in shares of Schlumberger N.V. by 41.6% during the 2nd quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock worth $105,414,000 after purchasing an additional 470,615 shares in the last quarter. SOL Capital Management CO grew its position in shares of Schlumberger N.V. by 8.3% during the 2nd quarter. SOL Capital Management CO now owns 5,226 shares of the oil and gas company’s stock worth $344,000 after purchasing an additional 400 shares in the last quarter. Villere ST Denis J & Co. LLC grew its position in shares of Schlumberger N.V. by 5.8% during the 2nd quarter. Villere ST Denis J & Co. LLC now owns 125,185 shares of the oil and gas company’s stock worth $8,242,000 after purchasing an additional 6,850 shares in the last quarter. Puzo Michael J grew its position in shares of Schlumberger N.V. by 6.0% during the 2nd quarter. Puzo Michael J now owns 26,447 shares of the oil and gas company’s stock worth $1,740,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Schlumberger N.V. by 4.2% during the 1st quarter. Legal & General Group Plc now owns 6,715,534 shares of the oil and gas company’s stock worth $524,469,000 after purchasing an additional 273,522 shares in the last quarter. Hedge funds and other institutional investors 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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