Schlumberger (SLB) to Release Quarterly Earnings on Friday

Schlumberger (NYSE:SLB) is projected to release its earnings data before the market opens on Friday, January 17th. Analysts expect Schlumberger to post earnings of $0.90 per share and revenue of $9,241,140.00 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $9.16 billion during the quarter, compared to the consensus estimate of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. During the same period last year, the company earned $0.78 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. On average, analysts expect Schlumberger to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Schlumberger Stock Performance

Shares of SLB stock opened at $40.68 on Thursday. The stock has a market capitalization of $57.45 billion, a PE ratio of 13.08, a PEG ratio of 1.42 and a beta of 1.52. The business’s 50 day simple moving average is $40.95 and its 200 day simple moving average is $42.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.48 and a quick ratio of 1.12. Schlumberger has a one year low of $36.52 and a one year high of $55.69.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Sanford C. Bernstein upgraded shares of Schlumberger to a “strong-buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price target on Schlumberger from $55.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Susquehanna dropped their price objective on Schlumberger from $60.00 to $56.00 and set a “positive” rating on the stock in a research note on Monday, October 21st. Jefferies Financial Group decreased their target price on Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Finally, Bank of America lowered their target price on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.58.

Insider Buying and Selling

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the completion of the sale, the executive vice president now directly owns 211,937 shares of the company’s stock, valued at approximately $8,880,160.30. The trade was a 22.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Schlumberger Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.