Griffin Securities Predicts Lower Earnings for Schlumberger

Key Points

• Griffin Securities has lowered its FY2025 earnings per share estimate for Schlumberger to $2.85, slightly down from the prior estimate of $2.86, while the consensus for the current year stands at $3.38 per share.
• Investment ratings for Schlumberger vary, with Melius Research issuing a "buy" rating and a target price of $82, while Stifel Nicolaus and Susquehanna have cut their price targets.
• Schlumberger announced a quarterly dividend of $0.285, translating to an annualized payout of $1.14, representing a dividend yield of 3.4%.

Schlumberger Limited (NYSE:SLB - Free Report) - Griffin Securities decreased their FY2025 earnings per share estimates for Schlumberger in a report released on Tuesday, October 7th. Griffin Securities analyst K. Simpson now anticipates that the oil and gas company will post earnings per share of $2.85 for the year, down from their prior estimate of $2.86. The consensus estimate for Schlumberger's current full-year earnings is $3.38 per share.

Several other research analysts have also commented on SLB. Melius Research initiated coverage on Schlumberger in a research report on Wednesday, August 20th. They issued a "buy" rating and a $82.00 target price for the company. Stifel Nicolaus cut their price target on Schlumberger from $54.00 to $52.00 and set a "buy" rating on the stock in a report on Wednesday, July 16th. Susquehanna cut their price target on Schlumberger from $44.00 to $42.00 and set a "positive" rating on the stock in a report on Monday, July 21st. Wells Fargo & Company downgraded Schlumberger from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Zacks Research raised Schlumberger from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Schlumberger currently has a consensus rating of "Moderate Buy" and an average target price of $52.18.

Schlumberger Price Performance

Shares of SLB opened at $33.99 on Thursday. The firm has a market cap of $50.77 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 9.56 and a beta of 0.97. The stock has a 50 day moving average of $34.57 and a 200-day moving average of $35.04. The company has a current ratio of 1.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. Schlumberger has a 52 week low of $31.11 and a 52 week high of $45.12.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.51 billion. Schlumberger had a return on equity of 20.99% and a net margin of 11.53%.Schlumberger's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SLB. Brighton Jones LLC grew its holdings in shares of Schlumberger by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock valued at $253,000 after buying an additional 1,166 shares in the last quarter. Bison Wealth LLC purchased a new position in shares of Schlumberger during the fourth quarter valued at $238,000. Park Avenue Securities LLC grew its holdings in shares of Schlumberger by 5.8% during the first quarter. Park Avenue Securities LLC now owns 28,795 shares of the oil and gas company's stock valued at $1,204,000 after buying an additional 1,575 shares in the last quarter. Daymark Wealth Partners LLC grew its holdings in shares of Schlumberger by 4.7% during the first quarter. Daymark Wealth Partners LLC now owns 10,338 shares of the oil and gas company's stock valued at $432,000 after buying an additional 467 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Schlumberger by 9.2% during the first quarter. Farther Finance Advisors LLC now owns 19,066 shares of the oil and gas company's stock valued at $805,000 after buying an additional 1,607 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insider Activity

In related news, insider Dianne B. Ralston sold 39,727 shares of Schlumberger stock in a transaction on Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the transaction, the insider directly owned 202,201 shares in the company, valued at $7,295,412.08. The trade was a 16.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is owned by insiders.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, September 3rd. Schlumberger's payout ratio is presently 39.04%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.