Schlumberger (NYSE:SLB) Issues Earnings Results

Schlumberger (NYSE:SLB) released its earnings results on Friday. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03, MarketWatch Earnings reports. Schlumberger had a negative net margin of 73.90% and a positive return on equity of 8.12%. The company had revenue of $5.26 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same period in the prior year, the company posted $0.43 EPS. The company’s revenue was down 38.4% compared to the same quarter last year.

Shares of NYSE:SLB opened at $14.97 on Friday. The company’s 50-day moving average price is $17.41 and its two-hundred day moving average price is $17.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.23 and a quick ratio of 0.92. Schlumberger has a one year low of $11.87 and a one year high of $41.14. The stock has a market capitalization of $20.78 billion, a PE ratio of -0.95, a price-to-earnings-growth ratio of 4.71 and a beta of 2.10.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.50 annualized dividend and a yield of 3.34%. Schlumberger’s dividend payout ratio (DPR) is presently 34.01%.

A number of research analysts have issued reports on the stock. Morgan Stanley upped their target price on shares of Schlumberger from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Cowen restated an “outperform” rating and set a $27.00 price objective on shares of Schlumberger in a report on Friday, July 24th. Citigroup upgraded shares of Schlumberger from a “neutral” rating to a “buy” rating and increased their target price for the stock from $20.00 to $26.00 in a report on Monday, July 27th. Evercore ISI reissued a “buy” rating and set a $28.00 price target on shares of Schlumberger in a research report on Friday, July 24th. Finally, Exane BNP Paribas started coverage on shares of Schlumberger in a research report on Monday, October 12th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.07.

In other news, Director Mark G. Papa acquired 15,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were bought at an average cost of $19.46 per share, for a total transaction of $291,900.00. Following the purchase, the director now directly owns 50,131 shares of the company’s stock, valued at $975,549.26. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peuch Olivier Le purchased 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was bought at an average price of $17.95 per share, for a total transaction of $448,750.00. Following the purchase, the chief executive officer now owns 191,770 shares in the company, valued at approximately $3,442,271.50. The disclosure for this purchase can be found here. Insiders own 0.58% of the company’s stock.

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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