FY2020 Earnings Estimate for Schlumberger Limited. (SLB) Issued By Jefferies Financial Group
Schlumberger Limited. (NYSE:SLB) – Equities research analysts at Jefferies Financial Group reduced their FY2020 earnings per share estimates for Schlumberger in a research report issued on Tuesday, January 22nd. Jefferies Financial Group analyst B. Handler now expects that the oil and gas company will post earnings per share of $2.30 for the year, down from their prior estimate of $2.80. Jefferies Financial Group currently has a “Buy” rating and a $54.00 price target on the stock. Jefferies Financial Group also issued estimates for Schlumberger’s FY2021 earnings at $3.40 EPS and FY2022 earnings at $4.65 EPS.
Several other equities research analysts also recently weighed in on SLB. Credit Suisse Group set a $44.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a report on Friday, January 18th. Zacks Investment Research raised shares of Schlumberger from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Royal Bank of Canada set a $58.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a report on Friday, January 18th. ValuEngine raised shares of Schlumberger from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Finally, Macquarie set a $71.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a report on Tuesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $66.65.
Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. The company had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.10 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Wednesday, February 13th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Tuesday, February 12th. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.
In other Schlumberger news, EVP Patrick Schorn purchased 10,000 shares of the company’s stock in a transaction on Thursday, December 20th. The shares were purchased at an average cost of $37.55 per share, for a total transaction of $375,500.00. Following the completion of the transaction, the executive vice president now owns 35,000 shares in the company, valued at $1,314,250. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peuch Olivier Le sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total transaction of $660,000.00. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Highwater Wealth Management LLC acquired a new stake in Schlumberger during the 4th quarter worth about $45,000. IMS Capital Management acquired a new stake in Schlumberger during the 3rd quarter worth about $46,000. First Command Bank raised its holdings in Schlumberger by 337.7% during the 4th quarter. First Command Bank now owns 1,497 shares of the oil and gas company’s stock worth $54,000 after buying an additional 1,155 shares during the period. First Command Financial Services Inc. raised its holdings in Schlumberger by 337.7% during the 4th quarter. First Command Financial Services Inc. now owns 1,497 shares of the oil and gas company’s stock worth $54,000 after buying an additional 1,155 shares during the period. Finally, Zions Bancorporation acquired a new stake in Schlumberger during the 3rd quarter worth about $131,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.
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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