Schlumberger (SLB) Scheduled to Post Quarterly Earnings on Friday

Schlumberger (NYSE:SLB - Get Free Report) is set to issue its quarterly earnings data before the market opens on Friday, January 17th. Analysts expect Schlumberger to post earnings of $0.90 per share and revenue of $9,241,140.00 billion for the quarter.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. The company had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The business's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share. On average, analysts expect Schlumberger to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Schlumberger Stock Performance

Shares of NYSE SLB traded up $0.81 during mid-day trading on Wednesday, hitting $40.68. The company had a trading volume of 11,874,419 shares, compared to its average volume of 11,793,386. The stock has a market cap of $57.45 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 1.42 and a beta of 1.52. The firm's 50 day simple moving average is $40.95 and its two-hundred day simple moving average is $42.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.48 and a quick ratio of 1.12. Schlumberger has a 12 month low of $36.52 and a 12 month high of $55.69.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th were paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.10 annualized dividend and a dividend yield of 2.70%. Schlumberger's payout ratio is currently 35.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Piper Sandler initiated coverage on shares of Schlumberger in a research note on Thursday, December 19th. They set a "neutral" rating and a $47.00 price objective on the stock. Stifel Nicolaus reduced their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Jefferies Financial Group lowered their price objective on shares of Schlumberger from $64.00 to $61.00 and set a "buy" rating on the stock in a research note on Friday, January 3rd. Sanford C. Bernstein upgraded shares of Schlumberger to a "strong-buy" rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Schlumberger from $55.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $56.58.

Insider Buying and Selling at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 211,937 shares of the company's stock, valued at approximately $8,880,160.30. This represents a 22.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.26% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.