Schlumberger (SLB) Set to Announce Earnings on Friday

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

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

Schlumberger Stock Down 0.5 %

Shares of SLB opened at $51.41 on Wednesday. The business’s 50 day moving average is $51.43 and its 200 day moving average is $52.51. The company 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 has a 12-month low of $42.73 and a 12-month high of $62.12. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51.

Schlumberger Announces Dividend

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

Insider Activity at Schlumberger

In related news, VP Kevin Fyfe sold 20,223 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the completion of the transaction, the vice president now owns 31,198 shares in the company, valued at approximately $1,623,855.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Schlumberger news, VP Kevin Fyfe sold 20,223 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $52.05, for a total value of $1,052,607.15. Following the completion of the sale, the vice president now directly owns 31,198 shares in the company, valued at approximately $1,623,855.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.64, for a total value of $304,000.00. Following the completion of the sale, the chief financial officer now owns 242,932 shares of the company’s stock, valued at $11,816,212.48. The disclosure for this sale can be found here. Insiders sold a total of 172,191 shares of company stock worth $8,636,322 in the last quarter. 0.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Schlumberger

Several hedge funds have recently made changes to their positions in SLB. Hobbs Group Advisors LLC bought a new position in shares of Schlumberger in the 4th quarter worth $80,000. SageView Advisory Group LLC raised its position in shares of Schlumberger by 82.5% in the 4th quarter. SageView Advisory Group LLC now owns 6,955 shares of the oil and gas company’s stock worth $343,000 after acquiring an additional 3,145 shares in the last quarter. Sanibel Captiva Trust Company Inc. acquired a new position in Schlumberger during the 4th quarter valued at about $8,078,000. Harbour Investments Inc. increased its position in Schlumberger by 18.1% during the 4th quarter. Harbour Investments Inc. now owns 2,001 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Schlumberger during the 4th quarter valued at about $2,173,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. HSBC reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Schlumberger in a research note on Thursday, April 4th. Benchmark reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a research note on Wednesday, April 3rd. Royal Bank of Canada lifted their price objective on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $77.00 price objective on shares of Schlumberger in a research note on Monday, April 8th. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.31.

Schlumberger Company Profile

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.