Analysts Offer Predictions for Schlumberger FY2025 Earnings

Schlumberger Limited (NYSE:SLB - Free Report) - Analysts at Capital One Financial reduced their FY2025 earnings estimates for Schlumberger in a research note issued to investors on Monday, October 21st. Capital One Financial analyst D. Becker now expects that the oil and gas company will earn $3.64 per share for the year, down from their prior estimate of $4.15. The consensus estimate for Schlumberger's current full-year earnings is $3.41 per share.

A number of other brokerages have also issued reports on SLB. Dbs Bank started coverage on shares of Schlumberger in a research note on Wednesday, September 18th. They set a "buy" rating and a $64.50 price target on the stock. Stifel Nicolaus reiterated a "buy" rating and set a $60.00 price target (down from $62.00) on shares of Schlumberger in a research note on Monday. JPMorgan Chase & Co. dropped their price target on shares of Schlumberger from $64.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. BMO Capital Markets dropped their price target on shares of Schlumberger from $60.00 to $58.00 and set an "outperform" rating on the stock in a research note on Thursday, October 10th. Finally, Susquehanna dropped their price target on shares of Schlumberger from $60.00 to $56.00 and set a "positive" rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $60.97.

Schlumberger Stock Performance

Shares of Schlumberger stock traded down $0.88 on Thursday, reaching $41.25. 13,892,585 shares of the stock were exchanged, compared to its average volume of 11,119,676. Schlumberger has a 1-year low of $38.66 and a 1-year high of $57.75. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average price of $43.00 and a two-hundred day moving average price of $45.75. The firm has a market capitalization of $58.96 billion, a PE ratio of 13.70, a PEG ratio of 1.48 and a beta of 1.51.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The business had revenue of $9.16 billion during the quarter, compared to analysts' expectations of $9.27 billion. During the same period in the prior year, the company earned $0.78 earnings per share. The business's revenue was up 10.2% compared to the same quarter last year.

Schlumberger Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, December 4th. Schlumberger's dividend payout ratio is currently 36.54%.

Insiders Place Their Bets

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the transaction, the executive vice president now owns 211,937 shares of the company's stock, valued at $8,880,160.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Schlumberger

A number of large investors have recently bought and sold shares of the stock. Financial Advocates Investment Management raised its stake in Schlumberger by 3.4% during the second quarter. Financial Advocates Investment Management now owns 6,558 shares of the oil and gas company's stock worth $309,000 after purchasing an additional 218 shares during the period. Chilton Capital Management LLC increased its position in shares of Schlumberger by 0.8% in the second quarter. Chilton Capital Management LLC now owns 26,202 shares of the oil and gas company's stock worth $1,236,000 after acquiring an additional 219 shares in the last quarter. Grove Bank & Trust increased its position in shares of Schlumberger by 17.4% in the third quarter. Grove Bank & Trust now owns 1,514 shares of the oil and gas company's stock worth $64,000 after acquiring an additional 224 shares in the last quarter. First PREMIER Bank increased its position in shares of Schlumberger by 8.7% in the second quarter. First PREMIER Bank now owns 2,842 shares of the oil and gas company's stock worth $134,000 after acquiring an additional 227 shares in the last quarter. Finally, Team Hewins LLC increased its position in shares of Schlumberger by 3.0% in the first quarter. Team Hewins LLC now owns 7,924 shares of the oil and gas company's stock worth $436,000 after acquiring an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

About Schlumberger

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.