Schlumberger (SLB) Expected to Announce Earnings on Friday

Schlumberger (NYSE:SLB) is projected to issue its quarterly earnings data before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $8.64 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the prior year, the company earned $0.86 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, analysts expect Schlumberger to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Schlumberger Trading Up 2.8 %

Shares of SLB opened at $35.09 on Friday. The firm’s fifty day moving average is $39.48 and its two-hundred day moving average is $40.83. The stock has a market cap of $47.72 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger has a 52-week low of $31.11 and a 52-week high of $51.77.

Insider Transactions at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the sale, the executive vice president now directly owns 210,502 shares in the company, valued at $8,723,202.88. This represents a 22.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Aparna Raman sold 25,133 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the transaction, the insider now directly owns 31,031 shares of the company’s stock, valued at $1,311,990.68. This represents a 44.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 315,905 shares of company stock valued at $13,609,283. 0.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Schlumberger

A hedge fund recently raised its stake in Schlumberger stock. Brighton Jones LLC raised its holdings in shares of Schlumberger Limited (NYSE:SLB) by 21.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,611 shares of the oil and gas company’s stock after acquiring an additional 1,166 shares during the quarter. Brighton Jones LLC’s holdings in Schlumberger were worth $253,000 as of its most recent filing with the SEC. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Stifel Nicolaus dropped their target price on Schlumberger from $59.00 to $58.00 and set a “buy” rating for the company in a report on Tuesday. Griffin Securities lowered shares of Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. TD Cowen lifted their target price on shares of Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Susquehanna dropped their price target on shares of Schlumberger from $55.00 to $48.00 and set a “positive” rating for the company in a research note on Monday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Schlumberger presently has a consensus rating of “Moderate Buy” and an average target price of $54.15.

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.