Schlumberger (NYSE:SLB – Get Free Report) will be releasing its earnings results before the market opens on Friday, October 18th. Analysts expect Schlumberger to post earnings of $0.89 per share for the quarter. Persons that are interested in registering for the company’s conference call can do so using this link.
Schlumberger (NYSE:SLB – Get Free Report) last issued its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.83 by $0.02. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. The firm had revenue of $9.14 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same quarter in the prior year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, analysts expect Schlumberger to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Schlumberger Trading Up 1.7 %
Shares of NYSE:SLB opened at $43.67 on Thursday. The business’s 50-day moving average is $43.13 and its 200 day moving average is $46.18. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.49 and a quick ratio of 1.13. Schlumberger has a 1 year low of $38.66 and a 1 year high of $61.20. The firm has a market capitalization of $62.42 billion, a P/E ratio of 14.51, a P/E/G ratio of 0.96 and a beta of 1.51.
Analysts Set New Price Targets
Check Out Our Latest Analysis on SLB
Insider Activity at Schlumberger
In related news, EVP Mogharbel Khaled Al sold 120,668 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $50.19, for a total transaction of $6,056,326.92. Following the sale, the executive vice president now owns 247,699 shares in the company, valued at approximately $12,432,012.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Schlumberger news, EVP Mogharbel Khaled Al sold 120,668 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $50.19, for a total transaction of $6,056,326.92. Following the transaction, the executive vice president now owns 247,699 shares in the company, valued at approximately $12,432,012.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Stephane Biguet sold 50,048 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $49.94, for a total value of $2,499,397.12. Following the completion of the sale, the chief financial officer now owns 203,076 shares of the company’s stock, valued at $10,141,615.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 180,716 shares of company stock worth $9,048,624 in the last three months. Company insiders own 0.26% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Schlumberger
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- Buy P&G Now, Before It Sets A New All-Time High
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.