Atb Cap Markets Lowers Earnings Estimates for Schlumberger

Schlumberger Limited (NYSE:SLB - Free Report) - Analysts at Atb Cap Markets dropped their Q2 2025 earnings per share estimates for shares of Schlumberger in a research note issued to investors on Wednesday, June 25th. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will earn $0.71 per share for the quarter, down from their prior estimate of $0.74. The consensus estimate for Schlumberger's current full-year earnings is $3.38 per share.

Several other research firms also recently weighed in on SLB. Susquehanna lowered their price target on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Monday, April 28th. Morgan Stanley lowered their target price on Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Wells Fargo & Company reduced their price target on Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, June 5th. Piper Sandler decreased their price target on Schlumberger from $46.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, Barclays dropped their price objective on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.03.

Schlumberger Price Performance

Shares of Schlumberger stock opened at $33.80 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.93 and a current ratio of 1.24. Schlumberger has a 52-week low of $31.11 and a 52-week high of $50.94. The company has a fifty day moving average of $34.49 and a 200-day moving average of $37.89. The stock has a market capitalization of $45.98 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 8.60 and a beta of 1.01.

Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). The firm had revenue of $8.49 billion during the quarter, compared to analysts' expectations of $8.64 billion. Schlumberger had a return on equity of 21.76% and a net margin of 11.62%. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS.

Hedge Funds Weigh In On Schlumberger

Several large investors have recently made changes to their positions in the business. Brighton Jones LLC raised its holdings in Schlumberger by 21.4% in the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock worth $253,000 after acquiring an additional 1,166 shares during the last quarter. Crestwood Advisors Group LLC bought a new position in Schlumberger in the 4th quarter worth $254,000. Pine Valley Investments Ltd Liability Co purchased a new stake in Schlumberger in the fourth quarter worth about $226,000. Sprott Inc. bought a new position in shares of Schlumberger in the fourth quarter worth about $249,000. Finally, National Pension Service raised its stake in shares of Schlumberger by 16.4% in the fourth quarter. National Pension Service now owns 3,156,820 shares of the oil and gas company's stock worth $121,032,000 after buying an additional 445,438 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $33.58, for a total transaction of $167,900.00. Following the completion of the transaction, the director now owns 23,525 shares of the company's stock, valued at approximately $789,969.50. This trade represents a 17.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.26% of the company's stock.

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $1.14 annualized dividend and a yield of 3.37%. Schlumberger's payout ratio is 38.64%.

Schlumberger Company Profile

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.

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