Equities Analysts Offer Predictions for Schlumberger’s Q3 2018 Earnings (SLB)

Schlumberger (NYSE:SLB) – Stock analysts at Jefferies Group lowered their Q3 2018 earnings per share estimates for shares of Schlumberger in a research note issued to investors on Wednesday, April 4th. Jefferies Group analyst B. Handler now forecasts that the oil and gas company will post earnings of $0.55 per share for the quarter, down from their prior forecast of $0.57. Jefferies Group has a “Buy” rating and a $85.00 price target on the stock. Jefferies Group also issued estimates for Schlumberger’s FY2019 earnings at $3.00 EPS.

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Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. During the same quarter last year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year.

Several other brokerages have also recently commented on SLB. SunTrust Banks raised their price objective on shares of Schlumberger from $72.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Susquehanna Bancshares set a $88.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Barclays set a $75.00 target price on shares of Schlumberger and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Finally, Loop Capital restated a “buy” rating and set a $82.00 target price (up previously from $77.00) on shares of Schlumberger in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $81.23.

Shares of NYSE SLB opened at $64.36 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. Schlumberger has a 52 week low of $61.02 and a 52 week high of $80.89. The stock has a market capitalization of $89,692.70, a P/E ratio of 42.91, a P/E/G ratio of 5.11 and a beta of 1.05.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a yield of 3.11%. Schlumberger’s payout ratio is 133.33%.

In related news, EVP Patrick Schorn bought 5,000 shares of the stock in a transaction that occurred on Monday, March 26th. The stock was purchased at an average cost of $64.79 per share, for a total transaction of $323,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mogharbel Khaled Al bought 3,000 shares of the stock in a transaction that occurred on Wednesday, March 28th. The stock was bought at an average price of $64.30 per share, with a total value of $192,900.00. Following the completion of the acquisition, the insider now owns 30,482 shares of the company’s stock, valued at approximately $1,959,992.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 18,000 shares of company stock valued at $1,163,650. 0.48% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Green Square Capital LLC grew its holdings in Schlumberger by 144.8% in the fourth quarter. Green Square Capital LLC now owns 11,998 shares of the oil and gas company’s stock valued at $815,000 after purchasing an additional 7,096 shares during the period. Ackerman Capital Advisors LLC purchased a new stake in Schlumberger during the fourth quarter worth approximately $286,000. Colonial Trust Advisors grew its stake in Schlumberger by 17.9% during the fourth quarter. Colonial Trust Advisors now owns 90,582 shares of the oil and gas company’s stock worth $6,104,000 after buying an additional 13,762 shares during the period. Xact Kapitalforvaltning AB grew its stake in Schlumberger by 14.7% during the fourth quarter. Xact Kapitalforvaltning AB now owns 131,810 shares of the oil and gas company’s stock worth $8,883,000 after buying an additional 16,918 shares during the period. Finally, CNB Bank purchased a new stake in Schlumberger during the fourth quarter worth approximately $557,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

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About Schlumberger

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.

Earnings History and Estimates for Schlumberger (NYSE:SLB)

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