Griffin Securities Forecasts Lower Earnings for Schlumberger

Schlumberger Limited (NYSE:SLB) – Stock analysts at Griffin Securities cut their Q2 2025 earnings per share (EPS) estimates for Schlumberger in a report released on Monday, October 21st. Griffin Securities analyst K. Simpson now expects that the oil and gas company will post earnings of $0.90 per share for the quarter, down from their prior forecast of $0.96. The consensus estimate for Schlumberger’s current full-year earnings is $3.41 per share.

Several other research analysts also recently weighed in on the company. UBS Group cut their price target on Schlumberger from $63.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. TD Cowen dropped their target price on Schlumberger from $68.00 to $65.00 and set a “buy” rating for the company in a research note on Monday. Barclays decreased their price target on Schlumberger from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Dbs Bank assumed coverage on shares of Schlumberger in a research note on Wednesday, September 18th. They set a “buy” rating and a $64.50 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 target price on shares of Schlumberger in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.97.

Schlumberger Stock Performance

NYSE:SLB opened at $41.25 on Thursday. 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 firm has a market cap of $58.96 billion, a PE ratio of 13.70, a P/E/G ratio of 1.48 and a beta of 1.51. The firm has a 50 day simple moving average of $43.00 and a 200-day simple moving average of $45.75. Schlumberger has a 1-year low of $38.66 and a 1-year high of $57.75.

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

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, December 4th. Schlumberger’s dividend payout ratio (DPR) is 36.54%.

Insider Activity

In other news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 211,937 shares in the company, valued at approximately $8,880,160.30. This 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 can be accessed through this link. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Crescent Grove Advisors LLC acquired a new position in shares of Schlumberger in the 2nd quarter valued at approximately $257,000. National Bank of Canada FI boosted its stake in Schlumberger by 15.0% during the 1st quarter. National Bank of Canada FI now owns 396,382 shares of the oil and gas company’s stock valued at $21,726,000 after acquiring an additional 51,637 shares during the last quarter. Mission Wealth Management LP bought a new position in Schlumberger during the 1st quarter valued at $245,000. Public Sector Pension Investment Board grew its holdings in Schlumberger by 0.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 1,901,713 shares of the oil and gas company’s stock worth $89,723,000 after acquiring an additional 11,813 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Schlumberger by 9.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 788,484 shares of the oil and gas company’s stock valued at $43,217,000 after purchasing an additional 64,974 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

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.