Schlumberger (SLB) Set to Announce Quarterly Earnings on Friday

Schlumberger (NYSE:SLB) is set to issue its quarterly earnings data before the market opens on Friday, October 18th. Analysts expect the company to announce earnings of $0.89 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.83 by $0.02. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $9.08 billion. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. On average, analysts expect Schlumberger to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Schlumberger Stock Performance

Shares of Schlumberger stock opened at $42.96 on Wednesday. The company has a market capitalization of $61.00 billion, a PE ratio of 14.04, a PEG ratio of 0.96 and a beta of 1.51. Schlumberger has a 12 month low of $38.66 and a 12 month high of $61.20. The company has a current ratio of 1.49, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The stock’s fifty day simple moving average is $43.11 and its 200 day simple moving average is $46.20.

Schlumberger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Wednesday, September 4th were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Wednesday, September 4th. Schlumberger’s payout ratio is presently 35.95%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley dropped their price target on Schlumberger from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Citigroup reduced their price target on Schlumberger from $65.00 to $62.00 and set a “buy” rating for the company in a report on Friday, June 28th. UBS Group reduced their price objective on Schlumberger from $63.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Piper Sandler dropped their price target on shares of Schlumberger from $71.00 to $66.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. Finally, Susquehanna dropped their price target on shares of Schlumberger from $70.00 to $60.00 and set a “positive” rating for the company in a research report on Friday, October 11th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and a consensus price target of $63.19.

Insider Buying and Selling

In related news, Director Vijay Kasibhatla sold 10,000 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $49.29, for a total value of $492,900.00. Following the sale, the director now owns 62,354 shares of the company’s stock, valued at $3,073,428.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Vijay Kasibhatla sold 10,000 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $49.29, for a total value of $492,900.00. Following the sale, the director now owns 62,354 shares of the company’s stock, valued at $3,073,428.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Stephane Biguet sold 50,048 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $49.94, for a total transaction of $2,499,397.12. Following the completion of the sale, the chief financial officer now directly owns 203,076 shares in the company, valued at approximately $10,141,615.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 180,716 shares of company stock valued at $9,048,624 over the last 90 days. 0.26% of the stock is owned by insiders.

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.