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.
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.
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