Schlumberger Limited. (NYSE:SLB) declared a quarterly dividend on Friday, October 18th, Zacks reports. Investors of record on Wednesday, December 4th will be given a dividend of 0.50 per share by the oil and gas company on Friday, January 10th. This represents a $2.00 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date is Tuesday, December 3rd.
NYSE:SLB opened at $36.20 on Friday. The stock’s 50 day moving average price is $34.77 and its 200 day moving average price is $36.04. The company has a market capitalization of $50.90 billion, a PE ratio of 22.35, a P/E/G ratio of 3.71 and a beta of 1.49. The company has a quick ratio of 0.95, a current ratio of 1.29 and a debt-to-equity ratio of 0.67. Schlumberger has a 52-week low of $30.65 and a 52-week high of $48.88.
Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.50 billion. Schlumberger had a positive return on equity of 6.00% and a negative net margin of 30.22%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. As a group, sell-side analysts anticipate that Schlumberger will post 1.46 EPS for the current fiscal year.
In other news, Director Saul R. Laureles sold 4,350 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $34.72, for a total value of $151,032.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Simon Farrant sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $33.55, for a total value of $167,750.00. Following the completion of the sale, the vice president now directly owns 20,316 shares of the company’s stock, valued at $681,601.80. The disclosure for this sale can be found here. Insiders sold a total of 104,735 shares of company stock worth $3,762,614 over the last quarter. Company insiders own 0.48% of the company’s stock.
SLB has been the topic of a number of research reports. Morgan Stanley set a $50.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Monday, October 21st. Citigroup dropped their price target on Schlumberger from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Barclays set a $47.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Friday, October 18th. Bank of America set a $43.00 price target on Schlumberger and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Co dropped their price target on Schlumberger from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Schlumberger presently has an average rating of “Buy” and a consensus price target of $44.94.
Schlumberger Company Profile
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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