Schlumberger Limited. (NYSE:SLB) – Equities researchers at Jefferies Group cut their FY2017 EPS estimates for Schlumberger in a report released on Thursday. Jefferies Group analyst B. Handler now anticipates that the oil and gas company will post earnings of $1.44 per share for the year, down from their prior estimate of $1.49. Jefferies Group currently has a “Buy” rating and a $78.00 target price on the stock. Jefferies Group also issued estimates for Schlumberger’s Q4 2017 earnings at $0.42 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.10 EPS.
Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter in the prior year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis.
Shares of Schlumberger (SLB) opened at $73.10 on Friday. Schlumberger has a twelve month low of $61.02 and a twelve month high of $87.84. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm has a market cap of $101,260.00, a P/E ratio of 187.44, a PEG ratio of 1.47 and a beta of 1.01.
Hedge funds have recently added to or reduced their stakes in the company. Aviance Capital Management LLC acquired a new stake in shares of Schlumberger during the second quarter worth $100,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Schlumberger during the second quarter worth $107,000. Tradewinds Capital Management LLC increased its position in shares of Schlumberger by 22.3% during the second quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after buying an additional 298 shares during the period. Jacobi Capital Management LLC increased its position in shares of Schlumberger by 95.8% during the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after buying an additional 1,000 shares during the period. Finally, Atlantic Trust LLC acquired a new stake in shares of Schlumberger during the second quarter worth $137,000. 79.30% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at $93,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, December 5th. Schlumberger’s payout ratio is currently 512.82%.
Schlumberger Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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