Schlumberger (NYSE:SLB) is set to issue its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 18th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. The business had revenue of $8.18 billion during the quarter, compared to analyst estimates of $8.10 billion. During the same quarter in the previous year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts expect Schlumberger to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE:SLB opened at $46.40 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. Schlumberger has a 1 year low of $34.99 and a 1 year high of $75.43. The company has a market cap of $62.80 billion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 2.44 and a beta of 1.33.
SLB has been the subject of several research analyst reports. Royal Bank of Canada set a $58.00 price target on shares of Schlumberger and gave the company a “buy” rating in a research note on Friday, January 18th. Raymond James reaffirmed a “hold” rating on shares of Schlumberger in a research note on Tuesday, April 2nd. Zacks Investment Research raised shares of Schlumberger from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Credit Suisse Group downgraded shares of Schlumberger from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $65.00 to $44.00 in a research note on Wednesday, December 19th. Finally, Barclays decreased their price target on shares of Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Schlumberger presently has an average rating of “Hold” and an average price target of $65.00.
In related news, EVP Peuch Olivier Le sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $44.00, for a total value of $660,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.48% of the company’s stock.
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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