Analysts Expect Schlumberger Limited (NYSE:SLB) Will Post Earnings of $0.33 Per Share

Wall Street analysts expect Schlumberger Limited (NYSE:SLBGet Rating) to post earnings of $0.33 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Schlumberger’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.32. Schlumberger reported earnings of $0.21 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.1%. The business is expected to issue its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Schlumberger will report full-year earnings of $1.85 per share for the current year, with EPS estimates ranging from $1.75 to $1.97. For the next fiscal year, analysts anticipate that the business will report earnings of $2.63 per share, with EPS estimates ranging from $2.40 to $2.77. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Schlumberger.

Schlumberger (NYSE:SLBGet Rating) last posted its quarterly earnings results on Friday, January 21st. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $6.23 billion for the quarter, compared to analyst estimates of $6.09 billion. Schlumberger had a return on equity of 13.32% and a net margin of 8.20%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $0.22 EPS.

Several research firms have issued reports on SLB. JPMorgan Chase & Co. lifted their price target on Schlumberger from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 24th. The Goldman Sachs Group raised Schlumberger from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, March 22nd. Citigroup lifted their price target on Schlumberger from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, January 24th. BNP Paribas raised Schlumberger from a “neutral” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Wednesday, January 26th. Finally, Argus raised their price objective on Schlumberger from $38.00 to $45.00 in a report on Tuesday, January 25th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $44.45.

In related news, VP Kevin Fyfe sold 20,708 shares of the business’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $38.50, for a total value of $797,258.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Howard Guild sold 25,500 shares of the business’s stock in a transaction on Wednesday, January 26th. The stock was sold at an average price of $39.02, for a total transaction of $995,010.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,451 shares of company stock valued at $4,190,908. Company insiders own 0.28% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Equitec Proprietary Markets LLC acquired a new stake in shares of Schlumberger in the 4th quarter worth about $25,000. Duncker Streett & Co. Inc. increased its stake in Schlumberger by 51.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 893 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 302 shares during the last quarter. Old North State Trust LLC increased its stake in Schlumberger by 91.4% in the 4th quarter. Old North State Trust LLC now owns 911 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 435 shares during the last quarter. Kozak & Associates Inc. purchased a new stake in Schlumberger in the 3rd quarter valued at about $30,000. Finally, Liberty Wealth Management LLC increased its stake in Schlumberger by 50.4% in the 3rd quarter. Liberty Wealth Management LLC now owns 1,047 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 75.52% of the company’s stock.

Schlumberger stock traded up $0.68 during mid-day trading on Friday, hitting $43.25. 10,714,509 shares of the company’s stock were exchanged, compared to its average volume of 12,871,304. The firm has a market capitalization of $61.11 billion, a P/E ratio of 32.77 and a beta of 2.02. Schlumberger has a fifty-two week low of $24.52 and a fifty-two week high of $46.27. The company has a quick ratio of 0.91, a current ratio of 1.22 and a debt-to-equity ratio of 0.87. The company’s 50 day simple moving average is $40.88 and its 200-day simple moving average is $35.73.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 7th. Shareholders of record on Wednesday, February 9th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 8th. This represents a $0.50 annualized dividend and a yield of 1.16%. Schlumberger’s dividend payout ratio is currently 37.88%.

About Schlumberger (Get Rating)

Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems.

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