Schlumberger (NYSE:SLB) Posts Earnings Results

Schlumberger (NYSE:SLB) issued its quarterly earnings data on Friday. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02, Zacks reports. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. During the same quarter in the prior year, the business earned $0.86 earnings per share.

Schlumberger Stock Up 1.3 %

Schlumberger stock opened at $41.16 on Friday. The firm has a 50 day simple moving average of $40.89 and a 200 day simple moving average of $42.93. 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 has a 1-year low of $36.52 and a 1-year high of $55.69. The firm has a market capitalization of $58.13 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 1.35 and a beta of 1.52.

Insider Transactions at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $8,880,160.30. This trade represents a 22.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. TD Cowen reduced their price objective on shares of Schlumberger from $65.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Sanford C. Bernstein raised Schlumberger to a “strong-buy” rating in a research note on Tuesday, November 12th. Griffin Securities downgraded Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Jefferies Financial Group dropped their price target on Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, January 3rd. Finally, Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Schlumberger has a consensus rating of “Moderate Buy” and a consensus price target of $56.03.

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.