Schlumberger Limited. (NYSE:SLB) – Research analysts at G.Research reduced their FY2020 EPS estimates for Schlumberger in a report issued on Wednesday, August 14th. G.Research analyst S. Wong now anticipates that the oil and gas company will earn $2.10 per share for the year, down from their prior estimate of $2.15. G.Research also issued estimates for Schlumberger’s FY2021 earnings at $2.75 EPS and FY2022 earnings at $3.40 EPS.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. Schlumberger had a net margin of 6.38% and a return on equity of 5.62%. The company had revenue of $8.27 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the company posted $0.43 earnings per share. Schlumberger’s revenue for the quarter was down .4% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on SLB. Raymond James reiterated a “hold” rating on shares of Schlumberger in a research report on Friday, June 21st. Piper Jaffray Companies set a $40.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, July 1st. Tudor Pickering cut shares of Schlumberger from a “hold” rating to a “sell” rating and set a $35.00 price objective for the company. in a research report on Monday, April 22nd. AltaCorp Capital reiterated an “outperform” rating on shares of Schlumberger in a research report on Thursday, June 20th. Finally, Stifel Nicolaus upgraded shares of Schlumberger from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Friday, June 7th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $52.17.

SLB opened at $32.72 on Thursday. Schlumberger has a twelve month low of $31.11 and a twelve month high of $65.61. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $38.21 and a 200-day moving average of $40.81. The stock has a market cap of $47.89 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.17 and a beta of 1.44.

Several institutional investors have recently added to or reduced their stakes in SLB. Ellis Investment Partners LLC bought a new position in shares of Schlumberger in the first quarter valued at $26,000. Quad Cities Investment Group LLC bought a new position in shares of Schlumberger during the second quarter valued at about $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Schlumberger during the second quarter valued at about $32,000. Doyle Wealth Management bought a new position in shares of Schlumberger during the second quarter valued at about $33,000. Finally, Lenox Wealth Management Inc. lifted its position in shares of Schlumberger by 41.1% during the first quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 256 shares in the last quarter. 77.22% of the stock is currently owned by hedge funds and other institutional investors.

In other Schlumberger news, insider Stephanie Cox sold 24,057 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $40.59, for a total value of $976,473.63. Following the transaction, the insider now directly owns 46,354 shares of the company’s stock, valued at $1,881,508.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patrick Schorn sold 12,151 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $38.93, for a total transaction of $473,038.43. Following the completion of the transaction, the executive vice president now directly owns 130,000 shares in the company, valued at $5,060,900. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Wednesday, September 4th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date of this dividend is Tuesday, September 3rd. Schlumberger’s payout ratio is 123.46%.

About Schlumberger

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Earnings History and Estimates for Schlumberger (NYSE:SLB)

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