FY2017 EPS Estimates for Schlumberger N.V. Cut by Analyst (SLB)

Schlumberger N.V. (NYSE:SLB) – Investment analysts at Capital One Financial Corporation lowered their FY2017 earnings per share (EPS) estimates for shares of Schlumberger N.V. in a research report issued on Monday. Capital One Financial Corporation analyst L. Lemoine now anticipates that the oil and gas company will earn $1.45 per share for the year, down from their previous forecast of $1.50. Capital One Financial Corporation also issued estimates for Schlumberger N.V.’s Q4 2017 earnings at $0.43 EPS and FY2018 earnings at $2.12 EPS.

Schlumberger N.V. (NYSE:SLB) last released its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. ILLEGAL ACTIVITY WARNING: “FY2017 EPS Estimates for Schlumberger N.V. Cut by Analyst (SLB)” was first published by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/10/12/fy2017-eps-estimates-for-schlumberger-n-v-cut-by-analyst-slb.html.

Several other equities research analysts have also commented on SLB. UBS AG set a $90.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, June 16th. Seaport Global Securities reissued a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. Cowen and Company set a $80.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, October 6th. Royal Bank Of Canada set a $86.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, October 7th. Finally, Deutsche Bank AG began coverage on Schlumberger N.V. in a research note on Tuesday. They set a “buy” rating and a $78.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $83.28.

Schlumberger N.V. (NYSE SLB) opened at 67.74 on Wednesday. The stock has a 50 day moving average price of $66.81 and a 200 day moving average price of $69.20. The stock has a market cap of $93.79 billion, a P/E ratio of 533.39 and a beta of 1.05. Schlumberger N.V. has a 52-week low of $62.56 and a 52-week high of $87.84.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.95%. Schlumberger N.V.’s payout ratio is 1,538.58%.

In related news, Director Helge Lund purchased 2,800 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average cost of $66.78 per share, for a total transaction of $186,984.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael E. Marks purchased 8,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its holdings in Schlumberger N.V. by 41.6% in the 2nd quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock valued at $105,414,000 after purchasing an additional 470,615 shares in the last quarter. SOL Capital Management CO increased its holdings in Schlumberger N.V. by 8.3% in the 2nd quarter. SOL Capital Management CO now owns 5,226 shares of the oil and gas company’s stock valued at $344,000 after purchasing an additional 400 shares in the last quarter. Villere ST Denis J & Co. LLC increased its holdings in Schlumberger N.V. by 5.8% in the 2nd quarter. Villere ST Denis J & Co. LLC now owns 125,185 shares of the oil and gas company’s stock valued at $8,242,000 after purchasing an additional 6,850 shares in the last quarter. Puzo Michael J increased its holdings in Schlumberger N.V. by 6.0% in the 2nd quarter. Puzo Michael J now owns 26,447 shares of the oil and gas company’s stock valued at $1,740,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Schlumberger N.V. by 4.2% in the 1st quarter. Legal & General Group Plc now owns 6,715,534 shares of the oil and gas company’s stock valued at $524,469,000 after purchasing an additional 273,522 shares in the last quarter. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Schlumberger N.V. Company Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Earnings History and Estimates for Schlumberger N.V. (NYSE:SLB)

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