Analysts Offer Predictions for Schlumberger N.V.’s Q3 2017 Earnings (SLB)

Schlumberger N.V. (NYSE:SLB) – Research analysts at Seaport Global Securities lowered their Q3 2017 earnings per share estimates for shares of Schlumberger N.V. in a note issued to investors on Thursday. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will earn $0.41 per share for the quarter, down from their previous estimate of $0.43. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Schlumberger N.V.’s Q4 2017 earnings at $0.53 EPS and FY2017 earnings at $1.54 EPS.

SLB has been the topic of several other research reports. Zacks Investment Research upgraded Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Scotiabank set a $90.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, July 7th. Iberia Capital cut Schlumberger N.V. from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $100.00 to $77.00 in a research report on Thursday, June 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $80.00 price target on shares of Schlumberger N.V. in a research report on Wednesday, September 6th. Finally, Morgan Stanley boosted their price target on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $83.36.

COPYRIGHT VIOLATION NOTICE: “Analysts Offer Predictions for Schlumberger N.V.’s Q3 2017 Earnings (SLB)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/analysts-offer-predictions-for-schlumberger-n-v-s-q3-2017-earnings-slb.html.

Shares of Schlumberger N.V. (NYSE:SLB) opened at 68.33 on Monday. The company’s 50-day moving average price is $66.68 and its 200 day moving average price is $69.21. The firm has a market capitalization of $94.60 billion, a price-to-earnings ratio of 538.03 and a beta of 1.05. Schlumberger N.V. has a 12-month low of $62.56 and a 12-month high of $87.84.

Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.

In other news, Director Michael E. Marks purchased 8,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $64.20 per share, for a total transaction of $513,600.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 price of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLB. First Eagle Investment Management LLC grew its holdings in shares of Schlumberger N.V. by 103.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after acquiring an additional 8,167,945 shares during the period. Dodge & Cox grew its holdings in shares of Schlumberger N.V. by 12.8% in the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after acquiring an additional 5,494,165 shares during the period. American Century Companies Inc. grew its holdings in shares of Schlumberger N.V. by 33.5% in the 2nd quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock worth $731,990,000 after acquiring an additional 2,791,675 shares during the period. Vanguard Group Inc. grew its holdings in shares of Schlumberger N.V. by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after acquiring an additional 2,790,227 shares during the period. Finally, Capital Research Global Investors grew its holdings in shares of Schlumberger N.V. by 13.8% in the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after acquiring an additional 1,993,829 shares during the period. Institutional investors and hedge funds 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 con

Schlumberger N.V. (NYSE:SLB) – Research analysts at Seaport Global Securities lowered their Q3 2017 earnings per share estimates for shares of Schlumberger N.V. in a note issued to investors on Thursday. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will earn $0.41 per share for the quarter, down from their previous estimate of $0.43. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Schlumberger N.V.’s Q4 2017 earnings at $0.53 EPS and FY2017 earnings at $1.54 EPS.

SLB has been the topic of several other research reports. Zacks Investment Research upgraded Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Scotiabank set a $90.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, July 7th. Iberia Capital cut Schlumberger N.V. from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $100.00 to $77.00 in a research report on Thursday, June 29th. Sanford C. Bernstein restated an “outperform” rating and issued a $80.00 price target on shares of Schlumberger N.V. in a research report on Wednesday, September 6th. Finally, Morgan Stanley boosted their price target on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $83.36.

COPYRIGHT VIOLATION NOTICE: “Analysts Offer Predictions for Schlumberger N.V.’s Q3 2017 Earnings (SLB)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/analysts-offer-predictions-for-schlumberger-n-v-s-q3-2017-earnings-slb.html.

Shares of Schlumberger N.V. (NYSE:SLB) opened at 68.33 on Monday. The company’s 50-day moving average price is $66.68 and its 200 day moving average price is $69.21. The firm has a market capitalization of $94.60 billion, a price-to-earnings ratio of 538.03 and a beta of 1.05. Schlumberger N.V. has a 12-month low of $62.56 and a 12-month high of $87.84.

Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.

In other news, Director Michael E. Marks purchased 8,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $64.20 per share, for a total transaction of $513,600.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 price of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLB. First Eagle Investment Management LLC grew its holdings in shares of Schlumberger N.V. by 103.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after acquiring an additional 8,167,945 shares during the period. Dodge & Cox grew its holdings in shares of Schlumberger N.V. by 12.8% in the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after acquiring an additional 5,494,165 shares during the period. American Century Companies Inc. grew its holdings in shares of Schlumberger N.V. by 33.5% in the 2nd quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock worth $731,990,000 after acquiring an additional 2,791,675 shares during the period. Vanguard Group Inc. grew its holdings in shares of Schlumberger N.V. by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after acquiring an additional 2,790,227 shares during the period. Finally, Capital Research Global Investors grew its holdings in shares of Schlumberger N.V. by 13.8% in the 2nd quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after acquiring an additional 1,993,829 shares during the period. Institutional investors and hedge funds 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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