Q2 2018 EPS Estimates for Schlumberger (SLB) Raised by Analyst

Schlumberger (NYSE:SLB) – Investment analysts at Seaport Global Securities increased their Q2 2018 earnings estimates for shares of Schlumberger in a note issued to investors on Monday, April 23rd. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will post earnings per share of $0.46 for the quarter, up from their previous forecast of $0.45. Seaport Global Securities currently has a “Buy” rating and a $76.00 target price on the stock.

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A number of other equities analysts have also recently commented on SLB. ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. B. Riley set a $80.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Jefferies Group set a $78.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 4th. Cowen set a $85.00 price objective on shares of Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, Morgan Stanley set a $81.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research note on Thursday, January 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.80.



Shares of NYSE:SLB opened at $68.28 on Wednesday. Schlumberger has a 52 week low of $61.02 and a 52 week high of $80.35. The firm has a market capitalization of $95,366.84, a price-to-earnings ratio of 45.52, a price-to-earnings-growth ratio of 5.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.11 and a quick ratio of 0.95.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, April 20th. The oil and gas company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. Schlumberger had a negative net margin of 4.01% and a positive return on equity of 5.85%. The business had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.79 billion. During the same period last year, the company posted $0.25 EPS. The business’s revenue was up 13.6% on a year-over-year basis.

In other news, CEO Paal Kibsgaard acquired 10,000 shares of Schlumberger stock in a transaction that occurred on Monday, March 26th. The stock was purchased at an average price of $64.68 per share, for a total transaction of $646,800.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Patrick Schorn acquired 5,000 shares of Schlumberger stock in a transaction that occurred on Monday, March 26th. The shares were purchased at an average price of $64.79 per share, with a total value of $323,950.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 18,000 shares of company stock valued at $1,163,650. Company insiders own 0.48% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of SLB. Harding Loevner LP raised its stake in shares of Schlumberger by 1,337.3% during the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after acquiring an additional 129,289,552 shares in the last quarter. Dodge & Cox raised its stake in shares of Schlumberger by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after acquiring an additional 5,494,165 shares in the last quarter. Capital International Investors grew its position in Schlumberger by 74.8% during the 3rd quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after purchasing an additional 4,294,058 shares during the last quarter. Vanguard Group Inc. grew its position in Schlumberger by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after purchasing an additional 2,790,227 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Schlumberger by 25.6% during the 4th quarter. Franklin Resources Inc. now owns 13,240,530 shares of the oil and gas company’s stock worth $892,278,000 after purchasing an additional 2,696,580 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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Schlumberger Company Profile

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

Earnings History and Estimates for Schlumberger (NYSE:SLB)

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