Schlumberger (SLB) Set to Announce Quarterly Earnings on Friday

Schlumberger (NYSE:SLB) is set to release its earnings data before the market opens on Friday, April 19th. Analysts expect Schlumberger to post earnings of $0.75 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The business had revenue of $8.99 billion during the quarter, compared to analyst estimates of $8.96 billion. During the same quarter in the previous year, the business earned $0.71 EPS. Schlumberger’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, analysts expect Schlumberger to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Schlumberger Stock Down 0.4 %

SLB stock opened at $54.01 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. Schlumberger has a 1 year low of $42.73 and a 1 year high of $62.12. The company has a fifty day simple moving average of $51.24 and a 200 day simple moving average of $52.78. The firm has a market cap of $77.09 billion, a PE ratio of 18.50, a PEG ratio of 0.97 and a beta of 1.60.

Schlumberger Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, February 7th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Tuesday, February 6th. Schlumberger’s payout ratio is presently 34.25%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SLB. Susquehanna reaffirmed a “positive” rating and issued a $77.00 price objective on shares of Schlumberger in a research note on Monday. HSBC reissued a “buy” rating and set a $71.00 target price on shares of Schlumberger in a research report on Thursday, April 4th. Barclays cut their target price on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. Finally, Stifel Nicolaus upped their price objective on shares of Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.80.

Insider Activity at Schlumberger

In related news, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.52, for a total value of $2,426,000.00. Following the sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Schlumberger news, VP Kevin Fyfe sold 20,223 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the sale, the vice president now directly owns 31,198 shares of the company’s stock, valued at $1,623,855.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the sale, the executive vice president now directly owns 261,507 shares in the company, valued at $12,688,319.64. The disclosure for this sale can be found here. Insiders have sold a total of 172,191 shares of company stock valued at $8,636,322 over the last quarter. 0.26% of the stock is owned by company insiders.

Institutional Trading of Schlumberger

Several large investors have recently added to or reduced their stakes in SLB. Harbour Investments Inc. grew its stake in shares of Schlumberger by 26.1% during the second quarter. Harbour Investments Inc. now owns 1,178 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 244 shares during the last quarter. Freedom Investment Management Inc. increased its position in shares of Schlumberger by 3.4% during the fourth quarter. Freedom Investment Management Inc. now owns 8,060 shares of the oil and gas company’s stock worth $419,000 after acquiring an additional 264 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Schlumberger by 5.6% during the first quarter. Ancora Advisors LLC now owns 6,061 shares of the oil and gas company’s stock worth $298,000 after acquiring an additional 321 shares in the last quarter. Cim Investment Management Inc. increased its position in shares of Schlumberger by 4.4% during the first quarter. Cim Investment Management Inc. now owns 8,010 shares of the oil and gas company’s stock worth $393,000 after acquiring an additional 339 shares in the last quarter. Finally, Wellington Shields Capital Management LLC increased its position in shares of Schlumberger by 5.2% during the fourth quarter. Wellington Shields Capital Management LLC now owns 7,640 shares of the oil and gas company’s stock worth $408,000 after acquiring an additional 375 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Schlumberger Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.