Q4 2024 EPS Estimates for Schlumberger Limited (NYSE:SLB) Reduced by Analyst

Schlumberger Limited (NYSE:SLB) – Research analysts at Griffin Securities decreased their Q4 2024 earnings per share estimates for shares of Schlumberger in a research report issued on Sunday, April 21st. Griffin Securities analyst K. Simpson now expects that the oil and gas company will earn $1.01 per share for the quarter, down from their previous estimate of $1.06. The consensus estimate for Schlumberger’s current full-year earnings is $3.50 per share.

SLB has been the topic of a number of other reports. HSBC reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Schlumberger in a research note on Thursday, April 4th. Barclays decreased their price objective on Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Morgan Stanley restated an “overweight” rating and set a $65.00 target price on shares of Schlumberger in a research report on Monday. Finally, Susquehanna reiterated a “positive” rating and issued a $77.00 price target on shares of Schlumberger in a research report on Monday. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.67.

Schlumberger Stock Up 0.1 %

Shares of NYSE SLB opened at $49.55 on Wednesday. Schlumberger has a 1 year low of $42.73 and a 1 year high of $62.12. The firm’s 50-day moving average is $51.68 and its 200-day moving average is $52.28. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $70.73 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 0.95 and a beta of 1.60.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 earnings per share.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, June 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio is presently 36.54%.

Insider Activity at Schlumberger

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the sale, the chief financial officer now owns 249,182 shares in the company, valued at $13,151,825.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the sale, the chief financial officer now directly owns 249,182 shares in the company, valued at approximately $13,151,825.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katharina Beumelburg sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.62, for a total value of $420,960.00. Following the completion of the sale, the insider now owns 15,581 shares in the company, valued at approximately $819,872.22. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,768 shares of company stock valued at $5,511,037. 0.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Investment Advisory Services Inc. TX ADV increased its stake in shares of Schlumberger by 1.4% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 11,968 shares of the oil and gas company’s stock worth $698,000 after purchasing an additional 171 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in shares of Schlumberger by 0.5% during the third quarter. Miller Howard Investments Inc. NY now owns 32,845 shares of the oil and gas company’s stock worth $1,915,000 after buying an additional 176 shares in the last quarter. Stonegate Investment Group LLC boosted its position in shares of Schlumberger by 1.7% in the third quarter. Stonegate Investment Group LLC now owns 10,864 shares of the oil and gas company’s stock valued at $633,000 after acquiring an additional 177 shares during the period. CI Investments Inc. grew its stake in shares of Schlumberger by 4.9% in the third quarter. CI Investments Inc. now owns 4,142 shares of the oil and gas company’s stock valued at $241,000 after acquiring an additional 192 shares in the last quarter. Finally, Montgomery Investment Management Inc. increased its position in Schlumberger by 1.9% during the third quarter. Montgomery Investment Management Inc. now owns 10,920 shares of the oil and gas company’s stock worth $637,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

About Schlumberger

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.