Schlumberger NV (NYSE:SLB) will be posting its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect Schlumberger NV to post earnings of $0.23 per share and revenue of $7.24 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Schlumberger NV (NYSE:SLB) last issued its earnings results on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. Schlumberger NV had a negative net margin of 5.64% and a positive return on equity of 6.88%. The firm earned $7.16 billion during the quarter, compared to analyst estimates of $7.09 billion. On average, analysts expect Schlumberger NV to post $1.12 EPS for the current fiscal year and $1.95 EPS for the next fiscal year.
Schlumberger NV (NYSE:SLB) opened at 81.39 on Wednesday. The company’s market cap is $113.19 billion. The company’s 50 day moving average is $78.67 and its 200-day moving average is $78.31. Schlumberger NV has a 12 month low of $59.60 and a 12 month high of $83.97.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $2.00 annualized dividend and a yield of 2.46%. Schlumberger NV’s dividend payout ratio (DPR) is presently -168.07%.
Several equities research analysts have issued reports on the stock. Seaport Global Securities reaffirmed a “buy” rating on shares of Schlumberger NV in a research note on Friday, August 19th. Citigroup Inc. lifted their target price on shares of Schlumberger NV from $89.00 to $93.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Nomura set a $91.00 target price on shares of Schlumberger NV and gave the stock a “buy” rating in a research note on Tuesday, August 16th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Schlumberger NV in a research report on Friday, July 22nd. Finally, Goldman Sachs Group Inc. set a $100.00 price target on shares of Schlumberger NV and gave the company a “buy” rating in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $90.69.
In related news, Director Tore I. Sandvold sold 2,500 shares of Schlumberger NV stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $78.09, for a total value of $195,225.00. Following the sale, the director now owns 17,750 shares of the company’s stock, valued at $1,386,097.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Stephane Biguet sold 4,227 shares of Schlumberger NV stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $78.52, for a total value of $331,904.04. Following the completion of the sale, the vice president now directly owns 7,108 shares in the company, valued at approximately $558,120.16. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Invictus RG increased its stake in Schlumberger NV by 379.2% in the second quarter. Invictus RG now owns 1,313 shares of the company’s stock worth $104,000 after buying an additional 1,039 shares in the last quarter. Roble Belko & Company Inc bought a new stake in Schlumberger NV during the second quarter worth about $108,000. J.Safra Asset Management Corp bought a new stake in Schlumberger NV during the second quarter worth about $114,000. Cascade Investment Advisors Inc. bought a new stake in Schlumberger NV during the second quarter worth about $123,000. Finally, Point72 Asia Hong Kong Ltd bought a new stake in Schlumberger NV during the second quarter worth about $136,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.
About Schlumberger NV
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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