Brokers Set Expectations for Schlumberger N.V.’s FY2019 Earnings (SLB)
Schlumberger N.V. (NYSE:SLB) – Equities researchers at Capital One Financial Corporation issued their FY2019 earnings per share (EPS) estimates for shares of Schlumberger N.V. in a report issued on Friday. Capital One Financial Corporation analyst L. Lemoine expects that the oil and gas company will post earnings per share of $2.65 for the year.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS.
A number of other brokerages have also recently commented on SLB. Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 target price on shares of Schlumberger N.V. in a report on Friday, September 29th. BidaskClub raised shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Citigroup Inc. increased their price target on shares of Schlumberger N.V. from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Cowen and Company set a $80.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Royal Bank Of Canada set a $86.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Saturday, October 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. Schlumberger N.V. presently has a consensus rating of “Buy” and an average target price of $81.92.
Shares of Schlumberger N.V. (NYSE SLB) opened at 63.15 on Monday. Schlumberger N.V. has a 12 month low of $61.40 and a 12 month high of $87.84. The firm has a market capitalization of $87.43 billion, a P/E ratio of 497.24 and a beta of 1.05. The firm’s 50-day moving average price is $67.31 and its 200 day moving average price is $68.66.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aviance Capital Management LLC acquired a new stake in Schlumberger N.V. during the second quarter worth approximately $100,000. Tradewinds Capital Management LLC boosted its position in Schlumberger N.V. by 29.8% during the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 307 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Schlumberger N.V. during the second quarter worth approximately $107,000. MCF Advisors LLC boosted its position in Schlumberger N.V. by 130.3% during the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after acquiring an additional 915 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its position in Schlumberger N.V. by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 78.85% of the company’s stock.
In other news, Director Michael E. Marks bought 8,000 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by company insiders.
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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