Capital One Financial Corporation Comments on Schlumberger N.V.’s Q1 2018 Earnings (SLB)
Schlumberger N.V. (NYSE:SLB) – Equities researchers at Capital One Financial Corporation issued their Q1 2018 earnings per share (EPS) estimates for Schlumberger N.V. in a report issued on Wednesday. Capital One Financial Corporation analyst L. Lemoine forecasts that the oil and gas company will post earnings of $0.40 per share for the quarter. Capital One Financial Corporation also issued estimates for Schlumberger N.V.’s Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.57 EPS and Q4 2018 earnings at $0.65 EPS.
A number of other analysts have also issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 price target on shares of Schlumberger N.V. in a research note on Friday, September 29th. BidaskClub raised Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Citigroup Inc. lifted their price target on Schlumberger N.V. from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. UBS AG set a $90.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, June 16th. Finally, Cowen and Company set a $80.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $83.28.
Shares of Schlumberger N.V. (SLB) traded up 0.28% on Friday, hitting $67.48. The company had a trading volume of 1,182,319 shares. The company has a market capitalization of $93.43 billion, a price-to-earnings ratio of 531.34 and a beta of 1.05. The stock’s 50-day moving average is $66.93 and its 200 day moving average is $69.18. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The company had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is presently 1,538.58%.
In related news, Director Michael E. Marks bought 8,000 shares of the 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Helge Lund bought 2,800 shares of the stock in a transaction on Monday, July 24th. The shares were bought 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. CGOV Asset Management boosted its holdings in shares of Schlumberger N.V. by 27.1% during the first quarter. CGOV Asset Management now owns 41,300 shares of the oil and gas company’s stock worth $4,297,000 after purchasing an additional 8,800 shares during the last quarter. Waldron LP boosted its holdings in shares of Schlumberger N.V. by 76.5% during the first quarter. Waldron LP now owns 7,270 shares of the oil and gas company’s stock worth $568,000 after purchasing an additional 3,150 shares during the last quarter. Sit Investment Associates Inc. boosted its holdings in shares of Schlumberger N.V. by 2.8% during the first quarter. Sit Investment Associates Inc. now owns 281,080 shares of the oil and gas company’s stock worth $21,952,000 after purchasing an additional 7,635 shares during the last quarter. Alexandria Capital LLC boosted its holdings in shares of Schlumberger N.V. by 1.2% during the first quarter. Alexandria Capital LLC now owns 64,926 shares of the oil and gas company’s stock worth $5,071,000 after purchasing an additional 772 shares during the last quarter. Finally, Mycio Wealth Partners LLC acquired a new stake in shares of Schlumberger N.V. during the first quarter worth $219,000. 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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