Schlumberger (NYSE:SLB) issued its quarterly earnings results on Friday. The oil and gas company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03, RTT News reports. Schlumberger had a negative net margin of 73.90% and a positive return on equity of 8.12%. The firm had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $5.37 billion. During the same period in the previous year, the firm posted $0.43 EPS. The company’s revenue for the quarter was down 38.4% on a year-over-year basis.
NYSE SLB opened at $16.42 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $22.79 billion, a P/E ratio of -1.04, a P/E/G ratio of 4.71 and a beta of 2.10. Schlumberger has a 12-month low of $11.87 and a 12-month high of $41.14. The firm has a 50-day moving average price of $17.46 and a two-hundred day moving average price of $17.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Wednesday, December 2nd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.05%. Schlumberger’s dividend payout ratio is currently 34.01%.
In other news, Director Mark G. Papa purchased 15,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was bought at an average price of $19.46 per share, with a total value of $291,900.00. Following the acquisition, the director now owns 50,131 shares in the company, valued at approximately $975,549.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peuch Olivier Le purchased 25,000 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were purchased at an average cost of $17.95 per share, with a total value of $448,750.00. Following the acquisition, the chief executive officer now owns 191,770 shares in the company, valued at approximately $3,442,271.50. The disclosure for this purchase can be found here. Insiders own 0.58% of the company’s stock.
Several brokerages have commented on SLB. BMO Capital Markets started coverage on shares of Schlumberger in a research report on Thursday, October 1st. They set an “outperform” rating and a $21.00 price target on the stock. Exane BNP Paribas started coverage on shares of Schlumberger in a research note on Monday. They set a “neutral” rating on the stock. Citigroup upgraded shares of Schlumberger from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $26.00 in a research note on Monday, July 27th. Wells Fargo & Company upgraded shares of Schlumberger from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $25.00 to $28.00 in a research note on Thursday, August 13th. Finally, ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Thursday, October 1st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Schlumberger presently has an average rating of “Hold” and a consensus target price of $23.07.
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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