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.
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.
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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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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