Schlumberger (SLB) Scheduled to Post Earnings on Thursday
Schlumberger (NYSE:SLB) is set to post its quarterly earnings results before the market opens on Thursday, April 18th. Analysts expect Schlumberger to post earnings of $0.30 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 18th. The oil and gas company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.10 billion. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 EPS. On average, analysts expect Schlumberger to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
SLB opened at $45.55 on Thursday. The firm has a market cap of $63.17 billion, a PE ratio of 28.12, a PEG ratio of 2.43 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. Schlumberger has a one year low of $34.99 and a one year high of $75.43.
A number of research analysts have recently commented on the stock. Raymond James restated a “hold” rating on shares of Schlumberger in a research report on Tuesday, April 2nd. Zacks Investment Research upgraded shares of Schlumberger from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Royal Bank of Canada set a $58.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research report on Friday, January 18th. Credit Suisse Group set a $44.00 price target on shares of Schlumberger and gave the company a “hold” rating in a research report on Friday, January 18th. Finally, Jefferies Financial Group lowered shares of Schlumberger from a “buy” rating to a “hold” rating and reduced their price target for the company from $50.00 to $45.00 in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $65.00.
In other news, EVP Peuch Olivier Le sold 15,000 shares of Schlumberger stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $44.00, for a total transaction of $660,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company’s stock.
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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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