Schlumberger (NYSE:SLB) – Research analysts at Jefferies Group lowered their Q1 2018 earnings estimates for shares of Schlumberger in a report released on Wednesday, April 4th. Jefferies Group analyst B. Handler now anticipates that the oil and gas company will post earnings per share of $0.37 for the quarter, down from their previous forecast of $0.40. Jefferies Group has a “Buy” rating and a $85.00 price objective on the stock. Jefferies Group also issued estimates for Schlumberger’s Q2 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $1.95 EPS and FY2020 earnings at $4.60 EPS.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. During the same period in the previous year, the company posted $0.27 EPS. Schlumberger’s revenue was up 15.1% on a year-over-year basis.
Schlumberger stock opened at $64.36 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. Schlumberger has a 12 month low of $61.02 and a 12 month high of $80.89. The firm has a market cap of $89,692.70, a PE ratio of 42.91, a P/E/G ratio of 5.11 and a beta of 1.05.
A number of institutional investors have recently added to or reduced their stakes in the business. Meyer Handelman Co. raised its position in shares of Schlumberger by 12.3% during the third quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock valued at $16,193,000 after buying an additional 25,494 shares during the last quarter. WFG Advisors LP raised its position in shares of Schlumberger by 51.5% during the second quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock valued at $746,000 after buying an additional 3,853 shares during the last quarter. Randolph Co Inc acquired a new position in shares of Schlumberger during the fourth quarter valued at about $10,771,000. First Eagle Investment Management LLC raised its position in shares of Schlumberger by 8.6% during the third quarter. First Eagle Investment Management LLC now owns 17,406,016 shares of the oil and gas company’s stock valued at $1,214,244,000 after buying an additional 1,380,252 shares during the last quarter. Finally, Clinton Group Inc. raised its position in shares of Schlumberger by 448.4% during the second quarter. Clinton Group Inc. now owns 110,621 shares of the oil and gas company’s stock valued at $7,283,000 after buying an additional 90,448 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.
In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the completion of the transaction, the chief financial officer now owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Howard Guild sold 25,000 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the transaction, the insider now directly owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. In the last three months, insiders have acquired 18,000 shares of company stock valued at $1,163,650. Company insiders own 0.48% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio is 133.33%.
Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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