Schlumberger (SLB) Expected to Announce Earnings on Friday

Schlumberger (NYSE:SLB - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $8.64 billion for the quarter.

Schlumberger Price Performance

Shares of NYSE SLB traded down $0.15 during trading on Tuesday, hitting $34.47. 8,766,296 shares of the company were exchanged, compared to its average volume of 13,036,605. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. Schlumberger has a 1 year low of $31.11 and a 1 year high of $50.94. The company has a market cap of $46.87 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 10.10 and a beta of 1.11. The firm's fifty day moving average price is $39.21 and its 200 day moving average price is $40.65.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SLB shares. Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Stifel Nicolaus decreased their price objective on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. raised their target price on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Barclays lowered their price target on shares of Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Finally, Citigroup increased their target price on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $54.15.

Insider Transactions at Schlumberger

In related news, insider Aparna Raman sold 25,133 shares of the business's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the transaction, the insider now directly owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. The trade was a 44.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the sale, the executive vice president now owns 210,502 shares in the company, valued at $8,723,202.88. This represents a 22.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,647 shares of company stock valued at $4,876,679 over the last 90 days. Corporate insiders own 0.26% of the company's stock.

Institutional Investors Weigh In On Schlumberger

An institutional investor recently raised its position in Schlumberger stock. Brighton Jones LLC boosted its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 21.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,611 shares of the oil and gas company's stock after acquiring an additional 1,166 shares during the period. Brighton Jones LLC's holdings in Schlumberger were worth $253,000 at the end of the most recent reporting period. 81.99% of the stock is owned by institutional investors and hedge funds.

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.