Analysts Set Expectations for Schlumberger FY2025 Earnings

Schlumberger Limited (NYSE:SLBFree Report) – Investment analysts at Capital One Financial decreased their FY2025 earnings estimates for Schlumberger in a report issued on Monday, October 21st. Capital One Financial analyst D. Becker now expects that the oil and gas company will earn $3.64 per share for the year, down from their prior estimate of $4.15. The consensus estimate for Schlumberger’s current full-year earnings is $3.41 per share.

Schlumberger (NYSE:SLBGet Free Report) last posted its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. The company had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS.

SLB has been the topic of several other research reports. Benchmark reissued a “buy” rating and set a $68.00 target price on shares of Schlumberger in a research report on Monday, July 22nd. Barclays lowered their target price on shares of Schlumberger from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Morgan Stanley cut their price target on shares of Schlumberger from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Bank of America dropped their price objective on Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Evercore ISI reduced their target price on Schlumberger from $74.00 to $62.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Schlumberger has a consensus rating of “Moderate Buy” and a consensus price target of $60.97.

Check Out Our Latest Analysis on Schlumberger

Schlumberger Stock Up 1.2 %

Schlumberger stock opened at $41.74 on Thursday. The stock has a market cap of $59.66 billion, a PE ratio of 13.87, a P/E/G ratio of 1.48 and a beta of 1.51. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.48 and a quick ratio of 1.12. The stock’s fifty day moving average is $42.92 and its two-hundred day moving average is $45.72. Schlumberger has a 1-year low of $38.66 and a 1-year high of $57.75.

Schlumberger Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Wednesday, December 4th. Schlumberger’s dividend payout ratio (DPR) is presently 36.54%.

Insider Activity

In related news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the sale, the executive vice president now owns 211,937 shares in the company, valued at $8,880,160.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.

Institutional Trading of Schlumberger

Several hedge funds have recently modified their holdings of the business. Kingswood Wealth Advisors LLC lifted its holdings in Schlumberger by 5.6% in the first quarter. Kingswood Wealth Advisors LLC now owns 13,944 shares of the oil and gas company’s stock valued at $764,000 after acquiring an additional 745 shares during the period. Sunbelt Securities Inc. boosted its holdings in Schlumberger by 2.2% during the first quarter. Sunbelt Securities Inc. now owns 10,551 shares of the oil and gas company’s stock worth $578,000 after buying an additional 230 shares in the last quarter. Brookstone Capital Management acquired a new position in Schlumberger during the first quarter worth about $1,758,000. Wealthcare Advisory Partners LLC increased its holdings in Schlumberger by 15.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 7,242 shares of the oil and gas company’s stock valued at $397,000 after buying an additional 965 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Schlumberger during the 1st quarter valued at approximately $502,000. 81.99% of the stock is owned by institutional investors and hedge funds.

About Schlumberger

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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.

Further Reading

Earnings History and Estimates for Schlumberger (NYSE:SLB)

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