Schlumberger (SLB) Set to Announce Earnings on Friday

Schlumberger (NYSE:SLB) will post its quarterly earnings results before the market opens on Friday, April 19th. Analysts expect Schlumberger to post earnings of $0.75 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The company had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The company’s revenue was up 14.1% on a year-over-year basis. On average, analysts expect Schlumberger to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Schlumberger Trading Down 0.5 %

NYSE SLB opened at $51.41 on Wednesday. Schlumberger has a one year low of $42.73 and a one year high of $62.12. The company has a 50-day simple moving average of $51.43 and a 200-day simple moving average of $52.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32. The firm has a market capitalization of $73.38 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.94 and a beta of 1.60.

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Tuesday, February 6th. Schlumberger’s payout ratio is 34.25%.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Mogharbel Khaled Al sold 38,570 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total value of $1,944,699.40. Following the completion of the sale, the executive vice president now owns 386,841 shares in the company, valued at approximately $19,504,523.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total transaction of $1,944,699.40. Following the transaction, the executive vice president now owns 386,841 shares of the company’s stock, valued at approximately $19,504,523.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Howard Guild sold 22,853 shares of Schlumberger stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $51.66, for a total transaction of $1,180,585.98. Following the transaction, the chief accounting officer now directly owns 22,181 shares in the company, valued at approximately $1,145,870.46. The disclosure for this sale can be found here. Insiders sold 172,191 shares of company stock valued at $8,636,322 in the last ninety days. Insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Schlumberger

Institutional investors have recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC acquired a new position in Schlumberger during the second quarter worth $27,000. Acadian Asset Management LLC acquired a new position in shares of Schlumberger in the first quarter valued at $25,000. Resurgent Financial Advisors LLC acquired a new position in shares of Schlumberger in the fourth quarter valued at $35,000. Tyler Stone Wealth Management acquired a new position in shares of Schlumberger in the second quarter valued at $33,000. Finally, Aspire Private Capital LLC increased its holdings in shares of Schlumberger by 145.4% in the fourth quarter. Aspire Private Capital LLC now owns 741 shares of the oil and gas company’s stock valued at $39,613,860,000 after purchasing an additional 439 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Bank of America boosted their price target on shares of Schlumberger from $62.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday. HSBC reiterated a “buy” rating and issued a $71.00 target price on shares of Schlumberger in a report on Thursday, April 4th. Stifel Nicolaus boosted their target price on shares of Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Benchmark reiterated a “buy” rating and issued a $68.00 target price on shares of Schlumberger in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada boosted their price target on shares of Schlumberger from $66.00 to $69.00 and gave the company an “outperform” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.31.

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.