Schlumberger Limited. (NYSE:SLB) – Research analysts at Griffin Securities reduced their Q1 2020 earnings per share estimates for Schlumberger in a report released on Tuesday, June 25th, Zacks Investment Research reports. Griffin Securities analyst K. Simpson now anticipates that the oil and gas company will post earnings of $0.44 per share for the quarter, down from their prior forecast of $0.45. Griffin Securities also issued estimates for Schlumberger’s Q2 2020 earnings at $0.53 EPS and Q3 2020 earnings at $0.61 EPS.
Several other equities analysts also recently commented on SLB. SunTrust Banks set a $75.00 price objective on Cimarex Energy and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Raymond James set a $29.00 price target on Seacoast Banking Co. of Florida and gave the stock a “buy” rating in a research report on Friday, June 21st. Stifel Nicolaus increased their price target on Vail Resorts from $219.00 to $230.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. AltaCorp Capital reissued a “sector perform” rating on shares of STEP Energy Services in a research report on Thursday, June 20th. Finally, Royal Bank of Canada increased their price target on WestJet Airlines from C$20.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Schlumberger presently has an average rating of “Hold” and a consensus target price of $53.58.
Schlumberger stock traded down $0.07 during mid-day trading on Thursday, hitting $38.71. The company’s stock had a trading volume of 12,810,000 shares, compared to its average volume of 8,797,115. The company has a 50 day simple moving average of $38.00. The company has a market capitalization of $53.62 billion, a PE ratio of 23.90, a PEG ratio of 2.43 and a beta of 1.45. The company has a current ratio of 1.35, a quick ratio of 0.99 and a debt-to-equity ratio of 0.45. Schlumberger has a one year low of $34.46 and a one year high of $68.43.
Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The business had revenue of $8.27 billion for the quarter, compared to analysts’ expectations of $8.11 billion. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS.
Several hedge funds have recently made changes to their positions in the company. Ellis Investment Partners LLC acquired a new stake in Schlumberger during the first quarter worth about $26,000. CX Institutional grew its holdings in Schlumberger by 158.4% during the first quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 396 shares during the period. Berman Capital Advisors LLC acquired a new stake in Schlumberger during the fourth quarter worth about $31,000. Quad Cities Investment Group LLC acquired a new stake in Schlumberger during the second quarter worth about $32,000. Finally, Bruderman Asset Management LLC acquired a new stake in Schlumberger during the fourth quarter worth about $33,000. 77.17% of the stock is currently owned by institutional investors and hedge funds.
In other news, CFO Simon Ayat sold 25,000 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $46.10, for a total value of $1,152,500.00. Following the transaction, the chief financial officer now directly owns 255,971 shares of the company’s stock, valued at $11,800,263.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Juden sold 8,643 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $43.29, for a total value of $374,155.47. Following the completion of the transaction, the insider now directly owns 70,260 shares in the company, valued at $3,041,555.40. The disclosure for this sale can be found here. Company insiders own 0.48% of the company’s stock.
About Schlumberger
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.