Schlumberger (NYSE:SLB – Get Rating) posted its earnings results on Friday. The oil and gas company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01, MarketWatch Earnings reports. The company had revenue of $5.96 billion during the quarter, compared to analyst estimates of $5.90 billion. Schlumberger had a return on equity of 13.32% and a net margin of 8.20%. Schlumberger’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share.
SLB stock traded up $1.33 during midday trading on Friday, reaching $41.98. The stock had a trading volume of 521,561 shares, compared to its average volume of 16,410,465. The firm has a fifty day simple moving average of $41.13 and a two-hundred day simple moving average of $36.07. The stock has a market cap of $59.32 billion, a PE ratio of 32.49 and a beta of 2.02. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.91 and a current ratio of 1.22. Schlumberger has a 52-week low of $24.57 and a 52-week high of $46.27.
SLB has been the subject of a number of analyst reports. BNP Paribas upgraded Schlumberger from a “neutral” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Wednesday, January 26th. Exane BNP Paribas upgraded Schlumberger from a “neutral” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Wednesday, January 26th. Susquehanna increased their price objective on Schlumberger from $41.00 to $43.00 in a report on Monday, January 24th. StockNews.com upgraded Schlumberger from a “hold” rating to a “buy” rating in a report on Friday, April 1st. Finally, Stephens increased their price objective on Schlumberger from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, January 24th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $44.45.
Several large investors have recently bought and sold shares of the company. Paradigm Financial Partners LLC acquired a new stake in shares of Schlumberger during the 4th quarter valued at about $421,000. KB Financial Partners LLC acquired a new stake in shares of Schlumberger during the 4th quarter valued at about $47,000. NewEdge Advisors LLC grew its position in shares of Schlumberger by 80.8% during the 4th quarter. NewEdge Advisors LLC now owns 26,237 shares of the oil and gas company’s stock valued at $786,000 after acquiring an additional 11,728 shares during the period. Strategic Wealth Advisors Group LLC acquired a new stake in shares of Schlumberger during the 4th quarter valued at about $421,000. Finally, Toroso Investments LLC grew its position in shares of Schlumberger by 27.3% during the 4th quarter. Toroso Investments LLC now owns 13,249 shares of the oil and gas company’s stock valued at $397,000 after acquiring an additional 2,841 shares during the period. Hedge funds and other institutional investors own 75.52% of the company’s stock.
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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