Schlumberger Limited. (NYSE:SLB) – Equities research analysts at Capital One Financial dropped their Q1 2019 earnings per share (EPS) estimates for shares of Schlumberger in a research note issued on Wednesday, December 5th. Capital One Financial analyst L. Lemoine now expects that the oil and gas company will post earnings of $0.33 per share for the quarter, down from their prior estimate of $0.39. Capital One Financial also issued estimates for Schlumberger’s Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.58 EPS and FY2019 earnings at $2.05 EPS.

Several other research analysts also recently issued reports on the stock. Citigroup reduced their price target on shares of Schlumberger from $77.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, October 22nd. Morgan Stanley initiated coverage on shares of Schlumberger in a research report on Tuesday, September 18th. They set an “equal weight” rating and a $72.00 price target on the stock. Credit Suisse Group reduced their price target on shares of Schlumberger from $82.00 to $71.00 and set an “outperform” rating on the stock in a research report on Monday, October 22nd. Stifel Nicolaus initiated coverage on shares of Schlumberger in a research report on Monday, September 10th. They set a “hold” rating and a $69.00 price target on the stock. Finally, ValuEngine downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the company. Schlumberger currently has a consensus rating of “Buy” and a consensus price target of $74.50.

Shares of NYSE SLB opened at $42.32 on Friday. The stock has a market cap of $61.10 billion, a P/E ratio of 28.21, a P/E/G ratio of 4.35 and a beta of 1.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.13. Schlumberger has a 12-month low of $41.87 and a 12-month high of $80.35.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, October 19th. The oil and gas company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.57 billion. Schlumberger had a negative net margin of 2.00% and a positive return on equity of 6.55%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS.

Large investors have recently made changes to their positions in the business. Mainstay Capital Management LLC ADV increased its stake in shares of Schlumberger by 3,884.1% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,773 shares of the oil and gas company’s stock valued at $105,000 after acquiring an additional 6,603 shares during the last quarter. Zions Bancorporation bought a new stake in shares of Schlumberger in the 3rd quarter valued at about $131,000. Truvestments Capital LLC bought a new stake in shares of Schlumberger in the 3rd quarter valued at about $132,000. Whitener Capital Management Inc. bought a new stake in shares of Schlumberger in the 3rd quarter valued at about $137,000. Finally, Moneta Group Investment Advisors LLC increased its stake in shares of Schlumberger by 909.1% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 22,352 shares of the oil and gas company’s stock valued at $138,000 after acquiring an additional 20,137 shares during the last quarter. 77.74% of the stock is owned by hedge funds and other institutional investors.

In other Schlumberger news, CFO Simon Ayat sold 60,000 shares of the business’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $56.60, for a total transaction of $3,396,000.00. Following the completion of the sale, the chief financial officer now directly owns 234,008 shares of the company’s stock, valued at approximately $13,244,852.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 5th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $2.00 annualized dividend and a yield of 4.73%. Schlumberger’s dividend payout ratio is currently 133.33%.

About Schlumberger

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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Earnings History and Estimates for Schlumberger (NYSE:SLB)

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