Jefferies Group Weighs in on Schlumberger N.V.’s Q1 2018 Earnings (SLB)
Schlumberger N.V. (NYSE:SLB) – Stock analysts at Jefferies Group issued their Q1 2018 earnings estimates for Schlumberger N.V. in a research report issued on Monday. Jefferies Group analyst B. Handler forecasts that the oil and gas company will post earnings of $0.41 per share for the quarter. Jefferies Group has a “Buy” rating and a $80.00 price objective on the stock. Jefferies Group also issued estimates for Schlumberger N.V.’s Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $2.25 EPS, FY2019 earnings at $4.30 EPS and FY2020 earnings at $6.20 EPS.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. Schlumberger N.V. had a net margin of 1.86% and a return on equity of 4.42%. The firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. During the same period last year, the firm earned $0.25 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis.
Several other brokerages also recently weighed in on SLB. BidaskClub downgraded shares of Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada set a $86.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, October 7th. Scotiabank set a $80.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday. Citigroup Inc. upped their target price on shares of Schlumberger N.V. from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Schlumberger N.V. in a research note on Monday, July 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $80.54.
Schlumberger N.V. (SLB) traded up 0.31% during trading on Tuesday, hitting $62.10. 2,727,759 shares of the stock were exchanged. Schlumberger N.V. has a 12 month low of $61.40 and a 12 month high of $87.84. The stock’s 50 day moving average price is $67.27 and its 200 day moving average price is $68.40. The stock has a market cap of $85.98 billion, a P/E ratio of 488.98 and a beta of 1.05.
A number of institutional investors have recently made changes to their positions in SLB. First Eagle Investment Management LLC raised its position in Schlumberger N.V. by 103.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after buying an additional 8,167,945 shares during the last quarter. Dodge & Cox raised its position in Schlumberger N.V. by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after buying an additional 5,494,165 shares during the last quarter. American Century Companies Inc. raised its position in Schlumberger N.V. by 33.5% during the 2nd quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock worth $731,990,000 after buying an additional 2,791,675 shares during the last quarter. Vanguard Group Inc. raised its position in Schlumberger N.V. by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after buying an additional 2,790,227 shares during the last quarter. Finally, Capital Research Global Investors raised its position in Schlumberger N.V. by 13.8% during the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after buying an additional 1,993,829 shares during the last quarter. Institutional investors own 78.89% of the company’s stock.
In other Schlumberger N.V. news, Director Michael E. Marks purchased 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $64.20 per share, for a total transaction of $513,600.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by corporate 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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