Schlumberger (NYSE:SLB) Issues Quarterly Earnings Results

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.

About Schlumberger

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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Earnings History for Schlumberger (NYSE:SLB)

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