Schlumberger (NYSE:SLB) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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Schlumberger (NYSE:SLB) posted its earnings results on Friday, October 18th. The oil and gas company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03, MarketWatch Earnings reports. Schlumberger had a positive return on equity of 6.00% and a negative net margin of 30.22%. The business had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.50 billion. During the same period in the previous year, the business earned $0.46 earnings per share. The firm’s revenue was up .4% on a year-over-year basis.

Shares of SLB traded up $0.26 during midday trading on Friday, reaching $36.34. The stock had a trading volume of 8,211,488 shares, compared to its average volume of 10,844,604. The company’s 50-day moving average is $33.95 and its 200 day moving average is $36.68. Schlumberger has a 12-month low of $30.65 and a 12-month high of $51.29. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $50.83 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 3.45 and a beta of 1.49.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Wednesday, December 4th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Tuesday, December 3rd. Schlumberger’s payout ratio is currently 123.46%.

Several research firms recently commented on SLB. Royal Bank of Canada set a $40.00 target price on Schlumberger and gave the stock a “buy” rating in a research report on Monday, October 21st. ValuEngine upgraded Schlumberger from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co reduced their target price on Schlumberger from $44.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Citigroup reduced their target price on Schlumberger from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, Barclays set a $47.00 target price on Schlumberger and gave the stock a “buy” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Schlumberger presently has an average rating of “Buy” and a consensus target price of $44.82.

In other news, VP Simon Farrant sold 5,000 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $33.55, for a total value of $167,750.00. Following the completion of the transaction, the vice president now directly owns 20,316 shares in the company, valued at approximately $681,601.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

About Schlumberger

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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