FY2021 EPS Estimates for Schlumberger Limited. (NYSE:SLB) Reduced by Analyst

Schlumberger Limited. (NYSE:SLB) – Investment analysts at Piper Sandler cut their FY2021 earnings per share (EPS) estimates for shares of Schlumberger in a report issued on Thursday, June 25th. Piper Sandler analyst B. Herbert now expects that the oil and gas company will post earnings of $0.09 per share for the year, down from their prior estimate of $0.13. Piper Sandler currently has a “Neutral” rating and a $17.00 target price on the stock.

SLB has been the topic of a number of other research reports. Wolfe Research upgraded shares of Schlumberger from a “peer perform” rating to an “outperform” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. upped their target price on shares of Schlumberger from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. UBS Group upped their target price on shares of Schlumberger from $17.50 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Cfra cut shares of Schlumberger from a “hold” rating to a “sell” rating and reduced their target price for the company from $42.00 to $15.00 in a report on Monday, March 9th. Finally, HSBC upped their target price on shares of Schlumberger from $17.10 to $18.10 and gave the company a “hold” rating in a report on Wednesday, June 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $23.16.

Shares of NYSE SLB opened at $18.01 on Monday. The company has a market cap of $25.29 billion, a PE ratio of -1.39, a P/E/G ratio of 20.55 and a beta of 2.10. The firm’s 50 day moving average price is $18.75 and its 200-day moving average price is $25.36. Schlumberger has a 52-week low of $11.87 and a 52-week high of $41.40. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.91 and a current ratio of 1.23.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, April 17th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $7.46 billion for the quarter, compared to the consensus estimate of $7.52 billion. Schlumberger had a negative net margin of 55.19% and a positive return on equity of 7.88%. The business’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share.

Several institutional investors have recently added to or reduced their stakes in SLB. Royal Fund Management LLC purchased a new position in Schlumberger in the 1st quarter worth about $26,000. Banco de Sabadell S.A increased its stake in Schlumberger by 66.7% in the 1st quarter. Banco de Sabadell S.A now owns 2,000 shares of the oil and gas company’s stock worth $27,000 after buying an additional 800 shares during the period. Cornerstone Advisors Inc. increased its stake in Schlumberger by 83.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 2,153 shares of the oil and gas company’s stock worth $29,000 after buying an additional 979 shares during the period. Prime Capital Investment Advisors LLC increased its stake in Schlumberger by 43.8% in the 1st quarter. Prime Capital Investment Advisors LLC now owns 2,668 shares of the oil and gas company’s stock worth $36,000 after buying an additional 812 shares during the period. Finally, Verus Capital Partners LLC increased its stake in Schlumberger by 52.7% in the 1st quarter. Verus Capital Partners LLC now owns 2,932 shares of the oil and gas company’s stock worth $40,000 after buying an additional 1,012 shares during the period. Hedge funds and other institutional investors own 75.03% of the company’s stock.

In other news, EVP Patrick Schorn sold 34,468 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $17.83, for a total value of $614,564.44. Following the completion of the sale, the executive vice president now owns 80,000 shares in the company, valued at approximately $1,426,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Alexander C. Juden sold 35,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $17.35, for a total transaction of $607,250.00. Following the completion of the sale, the general counsel now owns 92,103 shares of the company’s stock, valued at approximately $1,597,987.05. The disclosure for this sale can be found here. Insiders have sold 84,290 shares of company stock valued at $1,506,249 in the last quarter. 0.58% of the stock is owned by company insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.50 annualized dividend and a yield of 2.78%. Schlumberger’s dividend payout ratio (DPR) is currently 34.01%.

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.

See Also: Dead Cat Bounce

Earnings History and Estimates for Schlumberger (NYSE:SLB)

Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.