Wall Street analysts expect that Schlumberger Limited. (NYSE:SLB) will report earnings of $0.41 per share for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Schlumberger’s earnings, with estimates ranging from $0.40 to $0.42. Schlumberger posted earnings of $0.46 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 10.9%. The business is expected to report its next quarterly earnings report before the market opens on Friday, October 18th.

On average, analysts expect that Schlumberger will report full year earnings of $1.50 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.56. For the next financial year, analysts forecast that the business will report earnings of $1.97 per share, with EPS estimates ranging from $1.55 to $2.59. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Schlumberger.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, July 19th. The oil and gas company reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. Schlumberger had a net margin of 6.38% and a return on equity of 5.62%. The company had revenue of $8.27 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the company earned $0.43 EPS. Schlumberger’s revenue was down .4% on a year-over-year basis.

A number of research firms have commented on SLB. Piper Jaffray Companies set a $40.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Monday, July 1st. Bank of America reduced their price objective on shares of Schlumberger from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Stifel Nicolaus raised shares of Schlumberger from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Friday, June 7th. Raymond James reaffirmed a “hold” rating on shares of Schlumberger in a research note on Friday, June 21st. Finally, Morgan Stanley raised shares of Schlumberger from an “equal weight” rating to an “overweight” rating and set a $51.00 price objective for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Schlumberger presently has an average rating of “Hold” and an average target price of $51.05.

SLB stock traded up $0.59 during mid-day trading on Friday, reaching $37.49. 509,448 shares of the stock traded hands, compared to its average volume of 11,425,570. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47. Schlumberger has a 52-week low of $31.03 and a 52-week high of $63.65. The company has a market cap of $51.81 billion, a P/E ratio of 23.11, a P/E/G ratio of 2.63 and a beta of 1.49. The stock’s fifty day moving average is $34.94 and its 200-day moving average is $39.43.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Wednesday, September 4th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.33%. Schlumberger’s dividend payout ratio is 123.46%.

In other news, insider Stephanie Cox sold 24,057 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $40.59, for a total value of $976,473.63. Following the transaction, the insider now owns 46,354 shares in the company, valued at approximately $1,881,508.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Patrick Schorn sold 12,151 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $38.93, for a total value of $473,038.43. Following the completion of the transaction, the executive vice president now owns 130,000 shares in the company, valued at approximately $5,060,900. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in SLB. Quad Cities Investment Group LLC bought a new position in Schlumberger in the second quarter worth $32,000. Mizuho Securities Co. Ltd. bought a new stake in Schlumberger in the 2nd quarter valued at approximately $32,000. Doyle Wealth Management bought a new stake in Schlumberger in the 2nd quarter valued at approximately $33,000. Lenox Wealth Management Inc. lifted its stake in Schlumberger by 41.1% in the 1st quarter. Lenox Wealth Management Inc. now owns 879 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 256 shares in the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in Schlumberger in the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 76.94% of the company’s stock.

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.

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