Q1 2019 Earnings Forecast for Schlumberger Limited. Issued By Piper Jaffray Companies (SLB)

Schlumberger Limited. (NYSE:SLB) – Equities research analysts at Piper Jaffray Companies lifted their Q1 2019 earnings estimates for Schlumberger in a report issued on Wednesday, March 27th, Zacks Investment Research reports. Piper Jaffray Companies analyst B. Herbert now anticipates that the oil and gas company will post earnings of $0.30 per share for the quarter, up from their previous estimate of $0.29. Piper Jaffray Companies also issued estimates for Schlumberger’s Q3 2019 earnings at $0.41 EPS, Q4 2019 earnings at $0.50 EPS, FY2019 earnings at $1.57 EPS, Q1 2020 earnings at $0.44 EPS, Q2 2020 earnings at $0.53 EPS, Q3 2020 earnings at $0.62 EPS, Q4 2020 earnings at $0.73 EPS and FY2020 earnings at $2.32 EPS.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. The business had revenue of $7.88 billion during the quarter, compared to analyst estimates of $7.82 billion. Schlumberger had a net margin of 6.19% and a return on equity of 5.87%. Schlumberger’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business earned $0.38 EPS.

A number of other brokerages also recently issued reports on SLB. Barclays dropped their price target on shares of Schlumberger from $52.00 to $49.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. Citigroup dropped their price target on shares of Schlumberger from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, January 4th. Goldman Sachs Group initiated coverage on shares of Schlumberger in a report on Sunday, March 10th. They set a “buy” rating and a $55.00 price target on the stock. Zacks Investment Research reaffirmed a “strong sell” rating on shares of Schlumberger in a report on Monday, December 31st. Finally, Jefferies Financial Group downgraded shares of Schlumberger from a “buy” rating to a “hold” rating and dropped their price target for the company from $50.00 to $45.00 in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. Schlumberger has an average rating of “Hold” and an average target price of $65.00.

NYSE:SLB traded down $1.85 on Friday, reaching $45.56. 15,721,558 shares of the stock traded hands, compared to its average volume of 8,155,870. The firm has a market cap of $63.14 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.04 and a beta of 1.33. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.87 and a current ratio of 1.35. Schlumberger has a 12 month low of $34.99 and a 12 month high of $75.43.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.39%. The ex-dividend date is Tuesday, June 4th. Schlumberger’s dividend payout ratio is currently 123.46%.

In other Schlumberger news, EVP Peuch Olivier Le sold 15,000 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $44.00, for a total transaction of $660,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.48% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Schlumberger in the fourth quarter worth $486,635,000. Capital International Investors increased its position in Schlumberger by 62.5% in the third quarter. Capital International Investors now owns 33,296,194 shares of the oil and gas company’s stock worth $2,028,404,000 after purchasing an additional 12,810,020 shares during the last quarter. Two Sigma Advisers LP increased its position in Schlumberger by 139,145.2% in the fourth quarter. Two Sigma Advisers LP now owns 7,140,492 shares of the oil and gas company’s stock worth $257,629,000 after purchasing an additional 7,135,364 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Schlumberger by 3,478.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,436,967 shares of the oil and gas company’s stock worth $151,000 after purchasing an additional 5,285,050 shares during the last quarter. Finally, FMR LLC increased its position in Schlumberger by 53.5% in the fourth quarter. FMR LLC now owns 8,150,451 shares of the oil and gas company’s stock worth $294,067,000 after purchasing an additional 2,841,792 shares during the last quarter. Hedge funds and other institutional investors own 78.94% of the company’s stock.

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.

Recommended Story: Return on Investment (ROI) Defined, Explained

Get a free copy of the Zacks research report on Schlumberger (SLB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Schlumberger (NYSE:SLB)

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.