Schlumberger (SLB) to Release Quarterly Earnings on Friday

Schlumberger (NYSE:SLB) will announce its earnings results before the market opens on Friday, January 17th. Analysts expect the company to announce earnings of $0.90 per share and revenue of $9,241,140.00 billion for the quarter.

Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. On average, analysts expect Schlumberger to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Schlumberger Price Performance

Shares of Schlumberger stock traded up $0.81 on Wednesday, hitting $40.68. 11,874,421 shares of the company traded hands, compared to its average volume of 11,793,386. Schlumberger has a 12-month low of $36.52 and a 12-month high of $55.69. The firm’s 50-day simple moving average is $40.95 and its 200 day simple moving average is $42.95. The company has a market cap of $57.45 billion, a P/E ratio of 13.08, a P/E/G ratio of 1.42 and a beta of 1.52. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Wednesday, December 4th. Schlumberger’s payout ratio is currently 35.37%.

Insider Buying and Selling at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the transaction, the executive vice president now directly owns 211,937 shares in the company, valued at $8,880,160.30. This trade represents a 22.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

SLB has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $69.00 target price on shares of Schlumberger in a research report on Thursday, October 3rd. Susquehanna cut their price objective on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research note on Monday, October 21st. TD Cowen decreased their target price on shares of Schlumberger from $65.00 to $53.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. BMO Capital Markets cut their price target on shares of Schlumberger from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, October 10th. Finally, Citigroup reduced their price objective on Schlumberger from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.58.

Schlumberger Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.