Schlumberger Limited. (NYSE:SLB) – Equities research analysts at Seaport Global Securities upped their Q3 2018 earnings per share estimates for Schlumberger in a research report issued to clients and investors on Monday. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will post earnings of $0.59 per share for the quarter, up from their prior estimate of $0.52. Seaport Global Securities also issued estimates for Schlumberger’s Q4 2018 earnings at $0.71 EPS, FY2018 earnings at $2.21 EPS, Q1 2019 earnings at $0.67 EPS, Q2 2019 earnings at $0.73 EPS, Q3 2019 earnings at $0.83 EPS and Q4 2019 earnings at $0.97 EPS.
SLB has been the subject of several other reports. Zacks Investment Research cut shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Piper Jaffray Companies set a $74.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 21st. FBR & Co restated a “buy” rating on shares of Schlumberger in a report on Friday, October 20th. ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Credit Suisse Group set a $71.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $82.11.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.44 by $0.04. The business had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio is -183.49%.
Several large investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. raised its position in shares of Schlumberger by 0.3% in the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 8 shares during the period. Frontier Wealth Management LLC raised its position in shares of Schlumberger by 0.4% in the second quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 35 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Schlumberger by 0.3% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock valued at $848,000 after purchasing an additional 36 shares during the period. Glassman Wealth Services raised its position in shares of Schlumberger by 0.8% in the second quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock valued at $347,000 after purchasing an additional 44 shares during the period. Finally, Weybosset Research & Management LLC raised its position in shares of Schlumberger by 0.9% in the second quarter. Weybosset Research & Management LLC now owns 5,525 shares of the oil and gas company’s stock valued at $364,000 after purchasing an additional 50 shares during the period. 79.29% of the stock is currently owned by institutional investors.
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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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