Schlumberger (NYSE:SLB) released its earnings results on Friday. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35, MarketWatch Earnings reports. Schlumberger had a return on equity of 5.62% and a net margin of 6.38%. The business had revenue of $8.27 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period last year, the business posted $0.43 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis.
Shares of SLB stock opened at $38.71 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 1.39. The business’s 50-day moving average price is $38.00. Schlumberger has a 12-month low of $34.46 and a 12-month high of $68.43. The company has a market capitalization of $53.62 billion, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.43 and a beta of 1.45.
A number of analysts have issued reports on the company. AltaCorp Capital reissued a “sector perform” rating on shares of STEP Energy Services in a research report on Thursday, June 20th. Piper Jaffray Companies set a $40.00 target price on Schlumberger and gave the stock a “buy” rating in a research report on Monday, July 1st. Barclays set a $192.00 target price on Tesla and gave the stock a “sell” rating in a research report on Tuesday, April 9th. Bank of America reissued an “underperform” rating and issued a $1.25 target price (down from $4.50) on shares of Superior Energy Services in a research report on Tuesday, June 25th. Finally, Royal Bank of Canada raised their target price on WestJet Airlines from C$20.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $53.58.
A number of hedge funds have recently modified their holdings of the business. MUFG Securities EMEA plc lifted its stake in shares of Schlumberger by 144.0% in the 4th quarter. MUFG Securities EMEA plc now owns 237,926 shares of the oil and gas company’s stock valued at $8,584,000 after acquiring an additional 140,403 shares during the last quarter. Griffin Asset Management Inc. increased its holdings in Schlumberger by 44.3% during the 1st quarter. Griffin Asset Management Inc. now owns 133,874 shares of the oil and gas company’s stock valued at $5,833,000 after purchasing an additional 41,076 shares during the period. Taylor Cottrill Erickson & Associates Inc. increased its holdings in Schlumberger by 31.2% during the 1st quarter. Taylor Cottrill Erickson & Associates Inc. now owns 31,794 shares of the oil and gas company’s stock valued at $1,385,000 after purchasing an additional 7,566 shares during the period. Bristol Advisors LLC purchased a new position in Schlumberger during the 1st quarter valued at about $523,000. Finally, Cutler Investment Counsel LLC increased its holdings in Schlumberger by 4.0% during the 1st quarter. Cutler Investment Counsel LLC now owns 50,425 shares of the oil and gas company’s stock valued at $2,197,000 after purchasing an additional 1,956 shares during the period. 77.16% of the stock is owned by hedge funds and other institutional investors.
Schlumberger Company Profile
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.
Featured Story: What is a short straddle?
Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.