Schlumberger (NYSE:SLB) Issues Quarterly Earnings Results

Schlumberger (NYSE:SLB) announced its earnings results on Friday. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03, MarketWatch Earnings reports. Schlumberger had a negative net margin of 73.90% and a positive return on equity of 8.12%. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the previous year, the business earned $0.43 EPS. The company’s revenue was down 38.4% on a year-over-year basis.

SLB stock opened at $14.97 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.23 and a quick ratio of 0.92. Schlumberger has a 52-week low of $11.87 and a 52-week high of $41.14. The company has a 50-day moving average of $17.41 and a two-hundred day moving average of $17.82. The stock has a market capitalization of $20.78 billion, a price-to-earnings ratio of -0.95, a price-to-earnings-growth ratio of 4.71 and a beta of 2.10.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Wednesday, December 2nd will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.34%. Schlumberger’s dividend payout ratio (DPR) is 34.01%.

In other news, Director Mark G. Papa purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was bought at an average cost of $19.46 per share, for a total transaction of $291,900.00. Following the completion of the acquisition, the director now directly owns 50,131 shares of the company’s stock, valued at $975,549.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Peuch Olivier Le purchased 25,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were purchased at an average price of $17.95 per share, with a total value of $448,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 191,770 shares of the company’s stock, valued at $3,442,271.50. The disclosure for this purchase can be found here. 0.58% of the stock is owned by corporate insiders.

Several analysts have issued reports on SLB shares. ValuEngine downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Thursday, October 1st. BMO Capital Markets began coverage on shares of Schlumberger in a research note on Thursday, October 1st. They issued an “outperform” rating and a $21.00 price target on the stock. Wells Fargo & Company raised shares of Schlumberger from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $28.00 in a research note on Thursday, August 13th. UBS Group upped their price target on shares of Schlumberger from $18.00 to $19.50 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Finally, Cowen reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Schlumberger in a research note on Friday, July 24th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. Schlumberger currently has an average rating of “Hold” and an average price target of $23.07.

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.

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Earnings History for Schlumberger (NYSE:SLB)

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