Schlumberger (SLB) Releases Earnings Results, Beats Expectations By $0.04 EPS
Schlumberger (NYSE:SLB) announced its earnings results on Friday. The oil and gas company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04, Bloomberg Earnings reports. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The firm had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.12 billion. During the same quarter in the previous year, the business posted $0.27 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis.
Shares of Schlumberger (NYSE:SLB) traded up $0.05 during trading hours on Friday, reaching $76.42. The company’s stock had a trading volume of 13,144,460 shares, compared to its average volume of 9,460,000. Schlumberger has a fifty-two week low of $61.02 and a fifty-two week high of $87.78. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The stock has a market cap of $105,860.00, a price-to-earnings ratio of -70.11, a price-to-earnings-growth ratio of 5.85 and a beta of 1.01.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.62%. Schlumberger’s dividend payout ratio (DPR) is -183.49%.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of SLB. Aviance Capital Management LLC purchased a new position in Schlumberger in the 2nd quarter worth about $100,000. Mountain Capital Investment Advisors Inc purchased a new position in Schlumberger in the 2nd quarter worth about $107,000. Tradewinds Capital Management LLC raised its position in Schlumberger by 22.3% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,636 shares of the oil and gas company’s stock worth $108,000 after buying an additional 298 shares during the last quarter. Jacobi Capital Management LLC raised its position in Schlumberger by 95.8% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after buying an additional 1,000 shares during the last quarter. Finally, Atlantic Trust LLC purchased a new position in Schlumberger in the 2nd quarter worth about $137,000. 79.35% of the stock is owned by institutional investors and hedge funds.
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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