Schlumberger (NYSE:SLB) – Griffin Securities lowered their Q2 2018 earnings per share estimates for shares of Schlumberger in a research report issued on Monday, April 23rd. Griffin Securities analyst K. Simpson now forecasts that the oil and gas company will post earnings per share of $0.47 for the quarter, down from their previous estimate of $0.48. Griffin Securities currently has a “Buy” rating on the stock. Griffin Securities also issued estimates for Schlumberger’s Q4 2018 earnings at $0.74 EPS and FY2019 earnings at $3.52 EPS.
Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, April 20th. The oil and gas company reported $0.38 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. Schlumberger had a positive return on equity of 5.85% and a negative net margin of 4.01%. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.79 billion. During the same period last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis.
SLB stock opened at $68.28 on Wednesday. Schlumberger has a 1-year low of $61.02 and a 1-year high of $80.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.95. The stock has a market capitalization of $95,366.84, a PE ratio of 45.52, a price-to-earnings-growth ratio of 5.48 and a beta of 1.05.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Meyer Handelman Co. raised its holdings in shares of Schlumberger by 12.3% in the 3rd quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock worth $16,193,000 after purchasing an additional 25,494 shares during the period. Randolph Co Inc bought a new stake in shares of Schlumberger in the 4th quarter worth approximately $10,771,000. First Eagle Investment Management LLC raised its holdings in shares of Schlumberger by 8.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 17,406,016 shares of the oil and gas company’s stock worth $1,214,244,000 after purchasing an additional 1,380,252 shares during the period. Twin Tree Management LP raised its holdings in shares of Schlumberger by 135.8% in the 4th quarter. Twin Tree Management LP now owns 51,268 shares of the oil and gas company’s stock worth $3,455,000 after purchasing an additional 194,616 shares during the period. Finally, American Assets Investment Management LLC raised its holdings in shares of Schlumberger by 79.6% in the 3rd quarter. American Assets Investment Management LLC now owns 112,822 shares of the oil and gas company’s stock worth $7,870,000 after purchasing an additional 50,000 shares during the period. Hedge funds and other institutional investors own 80.09% of the company’s stock.
In other Schlumberger news, CEO Paal Kibsgaard bought 10,000 shares of the business’s stock in a transaction dated Monday, March 26th. The shares were purchased at an average price of $64.68 per share, for a total transaction of $646,800.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mogharbel Khaled Al bought 3,000 shares of the business’s stock in a transaction dated Wednesday, March 28th. The stock was acquired at an average price of $64.30 per share, for a total transaction of $192,900.00. Following the purchase, the insider now directly owns 30,482 shares in the company, valued at $1,959,992.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 18,000 shares of company stock valued at $1,163,650 in the last quarter. Company insiders own 0.48% of the company’s stock.
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Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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