Schlumberger N.V. (NYSE:SLB) - Stock analysts at Capital One Financial Corporation cut their Q3 2017 earnings per share estimates for Schlumberger N.V. in a research report issued to clients and investors on Monday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the oil and gas company will post earnings per share of $0.37 for the quarter, down from their previous estimate of $0.48. Capital One Financial Corporation also issued estimates for Schlumberger N.V.’s FY2017 earnings at $1.34 EPS.
Other research analysts also recently issued reports about the company. Barclays PLC restated an “overweight” rating and set a $107.00 target price on shares of Schlumberger N.V. in a research note on Monday, April 24th. Wells Fargo & Company restated an “outperform” rating on shares of Schlumberger N.V. in a research note on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and set a $103.00 target price on shares of Schlumberger N.V. in a research note on Tuesday, March 28th. Guggenheim downgraded Schlumberger N.V. from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. Finally, Sanford C. Bernstein upgraded Schlumberger N.V. from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $94.00 to $80.00 in a research note on Thursday, July 6th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $88.77.
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Shares of Schlumberger N.V. (NYSE:SLB) opened at 67.44 on Wednesday. The firm has a 50-day moving average price of $67.14 and a 200 day moving average price of $75.75. Schlumberger N.V. has a 12-month low of $64.15 and a 12-month high of $87.84. The company’s market capitalization is $93.71 billion.
Schlumberger N.V. (NYSE:SLB) last released its earnings results on Friday, April 21st. The oil and gas company reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Schlumberger N.V. had a positive return on equity of 3.32% and a negative net margin of 6.77%. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.98 billion. During the same period in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in SLB. Shelton Capital Management raised its stake in Schlumberger N.V. by 17.8% in the fourth quarter. Shelton Capital Management now owns 83,650 shares of the oil and gas company’s stock valued at $7,022,000 after buying an additional 12,655 shares during the period. National Pension Service raised its stake in Schlumberger N.V. by 4.5% in the first quarter. National Pension Service now owns 964,626 shares of the oil and gas company’s stock valued at $75,086,000 after buying an additional 41,903 shares during the period. Rathbone Brothers plc raised its stake in Schlumberger N.V. by 1.2% in the first quarter. Rathbone Brothers plc now owns 126,286 shares of the oil and gas company’s stock valued at $9,863,000 after buying an additional 1,537 shares during the period. Jackson Grant Investment Advisers Inc. purchased a new stake in Schlumberger N.V. during the fourth quarter valued at approximately $160,000. Finally, First United Bank Trust raised its stake in Schlumberger N.V. by 9.8% in the first quarter. First United Bank Trust now owns 13,135 shares of the oil and gas company’s stock valued at $1,026,000 after buying an additional 1,175 shares during the period. Hedge funds and other institutional investors own 79.41% of the company’s stock.
In other Schlumberger N.V. news, Director Peter L. S. Currie purchased 3,625 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average price of $69.02 per share, for a total transaction of $250,197.50. Following the purchase, the director now directly owns 31,550 shares in the company, valued at $2,177,581. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tore I. Sandvold sold 5,000 shares of Schlumberger N.V. stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total value of $349,100.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $349,100. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 1st were paid a $0.50 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. Schlumberger N.V.’s dividend payout ratio is presently -144.93%.
About Schlumberger N.V.
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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