FY2020 Earnings Forecast for Schlumberger Limited. (NYSE:SLB) Issued By G.Research
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.
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%.
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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