Analysts Set Expectations for Schlumberger FY2025 Earnings

Schlumberger Limited (NYSE:SLB) – 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:SLB) 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.

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

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.