Schlumberger N.V. (NYSE:SLB) – Stock analysts at Capital One Financial Corporation lowered their FY2017 earnings estimates for Schlumberger N.V. in a report issued on Monday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the oil and gas company will post earnings per share of $1.45 for the year, down from their prior forecast of $1.50. Capital One Financial Corporation also issued estimates for Schlumberger N.V.’s Q4 2017 earnings at $0.43 EPS and FY2018 earnings at $2.12 EPS.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS.
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Several other research firms have also commented on SLB. Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 target price on shares of Schlumberger N.V. in a research note on Friday, September 29th. BidaskClub upgraded Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Citigroup Inc. upped their target price on Schlumberger N.V. from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. UBS AG set a $90.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, June 16th. Finally, Cowen and Company set a $80.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $83.28.
Shares of Schlumberger N.V. (SLB) opened at 67.29 on Wednesday. The firm has a market capitalization of $93.16 billion, a P/E ratio of 529.84 and a beta of 1.05. The company’s 50 day moving average price is $66.93 and its 200-day moving average price is $69.18. Schlumberger N.V. has a 12 month low of $62.56 and a 12 month high of $87.84.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 2.97%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
In related news, Director Michael E. Marks bought 8,000 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $64.20 per share, for a total transaction of $513,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Helge Lund bought 2,800 shares of the stock in a transaction dated Monday, July 24th. The stock was bought at an average price of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Tradewinds Capital Management LLC grew its stake in shares of Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares in the last quarter. Aviance Capital Management LLC acquired a new stake in shares of Schlumberger N.V. in the second quarter valued at about $100,000. MCF Advisors LLC grew its stake in shares of Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after buying an additional 915 shares in the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Schlumberger N.V. in the second quarter valued at about $107,000. Finally, Proficio Capital Partners LLC grew its stake in shares of Schlumberger N.V. by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 310 shares in the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.
Schlumberger N.V. Company Profile
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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