Schlumberger (NYSE:SLB – Get Free Report) released its quarterly earnings results on Friday. The oil and gas company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02, Briefing.com reports. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same quarter last year, the business earned $0.72 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis.
Schlumberger Price Performance
Shares of NYSE SLB opened at $48.86 on Friday. The stock’s 50-day moving average is $46.28 and its two-hundred day moving average is $49.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 1.02. Schlumberger has a 1-year low of $42.61 and a 1-year high of $62.12. The company has a market cap of $69.84 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 1.05 and a beta of 1.55.
Schlumberger Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.25%. Schlumberger’s dividend payout ratio (DPR) is 36.54%.
Insider Buying and Selling
Analyst Ratings Changes
A number of analysts have recently commented on SLB shares. The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a research report on Monday, April 1st. Susquehanna reduced their price objective on shares of Schlumberger from $77.00 to $70.00 and set a “positive” rating for the company in a research report on Thursday, July 11th. Wells Fargo & Company downgraded shares of Schlumberger from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $68.00 to $53.00 in a report on Monday, April 29th. StockNews.com cut shares of Schlumberger from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Finally, Barclays decreased their price target on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Schlumberger presently has an average rating of “Moderate Buy” and an average target price of $67.29.
View Our Latest Analysis on Schlumberger
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.
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