Schlumberger posts first revenue rise in 9 quarters as drilling recovers

Owen Stevens
April 21, 2017

The 12-month consensus price target was $95.58 before results were announced.

Schlumberger shares fell more than 3 percent in midday trading. The stock's market cap is $106.46 billion.

Current levels places Schlumberger Limited (NYSE:SLB)'s stock about -10.19% from the 50-day high and -2.45% away from the 50-day low. With 6.63M avg volume, 3 days are for Schlumberger Limited (NYSE:SLB)'s short sellers to cover SLB's short positions. (NYSE:SLB) last posted its quarterly earnings data on Friday, January 20th.

In terms of earnings per share, 36 analysts have a 0.34 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 35 analysts have a 0.47 EPS mean target and for the quarter ending Sep-17 there are 39 estimates of 1.68 EPS. The firm's revenue was up 5.7% compared to the same quarter previous year. On average, equities research analysts expect that Schlumberger Limited. will post $1.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Private Asset Mgmt invested in 0.08% or 5,512 shares.

Schlumberger Limited shares rose $0.23 (+0.30%) in premarket trading Friday. SLB's SI was 16.41 million shares in April as released by FINRA.

Previously on 4/19/2017, Deutsche Bank AG reported about Schlumberger Limited. Finally, Scotiabank reaffirmed a "buy" rating and issued a $95.00 price target on shares of Schlumberger a report on Wednesday, March 22nd.

At the moment 39 analysts are watching Schlumberger N.V. (NASDAQ:SLB), 14 rate it "Buy", 18 "Outperform", 7 "Underperform", 0 "Sell", while 0 "Hold". The company now has an average rating of "Buy" and a consensus price target of $96.00.

In related news, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction dated Wednesday, March 1st. The last stock close price is down -5.96% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. Following the sale, the director now owns 7,750 shares of the company's stock, valued at $631,935. Jacobs Levy Equity Mgmt owns 11,733 shares or 0% of their USA portfolio. Institutional investors and hedge funds own 78.66% of the company's stock. State of Alaska Department of Revenue bought a new position in Schlumberger Limited. during the first quarter valued at approximately $239,000. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company's stock worth $113,000 after buying an additional 1,331 shares during the last quarter. That has resulted in a contraction of 470 basis points in operating margin to 6.19 percent. City Holding Co. increased its position in shares of Schlumberger 1.1% in the first quarter. For the last period, the company reported quarter over quarter EPS growth of 81.80% and quarter over quarter sales growth of -8.00%.

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