Schlumberger Limited. (NYSE:SLB) – Research analysts at Jefferies Group boosted their Q3 2018 earnings per share (EPS) estimates for Schlumberger in a research report issued to clients and investors on Monday, Zacks Investment Research reports. Jefferies Group analyst B. Handler now anticipates that the oil and gas company will earn $0.57 per share for the quarter, up from their prior forecast of $0.56. Jefferies Group currently has a “Buy” rating and a $78.00 price objective on the stock. Jefferies Group also issued estimates for Schlumberger’s Q4 2018 earnings at $0.60 EPS and FY2020 earnings at $4.75 EPS.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $8.12 billion. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS.
Schlumberger (NYSE SLB) traded down $0.26 during midday trading on Tuesday, reaching $65.61. The company’s stock had a trading volume of 5,099,052 shares, compared to its average volume of 10,153,200. The stock has a market cap of $91,250.00, a PE ratio of -60.18, a PEG ratio of 5.02 and a beta of 0.98. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. Schlumberger has a fifty-two week low of $61.02 and a fifty-two week high of $82.69.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is presently -183.49%.
In other Schlumberger news, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the sale, the insider now directly owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total value of $5,914,500.00. Following the sale, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at $10,947,897.22. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SLB. Aviance Capital Management LLC purchased a new position in Schlumberger during the 2nd quarter worth $100,000. FNY Partners Fund LP purchased a new stake in Schlumberger during the 4th quarter valued at about $101,000. Mountain Capital Investment Advisors Inc purchased a new stake in Schlumberger during the 2nd quarter valued at about $107,000. Tradewinds Capital Management LLC grew its stake in Schlumberger by 22.3% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 298 shares during the last quarter. Finally, Rational Advisors LLC purchased a new stake in Schlumberger during the 4th quarter valued at about $108,000. 79.18% of the stock is owned by hedge funds and other institutional investors.
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Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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