Q4 2024 EPS Estimates for Schlumberger Limited (NYSE:SLB) Lowered by Griffin Securities

Schlumberger Limited (NYSE:SLB - Free Report) - Stock analysts at Griffin Securities lowered their Q4 2024 EPS estimates for shares of Schlumberger in a report issued on Sunday, April 21st. Griffin Securities analyst K. Simpson now forecasts that the oil and gas company will earn $1.01 per share for the quarter, down from their previous estimate of $1.06. The consensus estimate for Schlumberger's current full-year earnings is $3.50 per share.

Other equities research analysts also recently issued research reports about the stock. Stifel Nicolaus reiterated a "buy" rating and issued a $64.00 target price on shares of Schlumberger in a research report on Monday. The Goldman Sachs Group restated a "buy" rating on shares of Schlumberger in a report on Monday, April 1st. HSBC restated a "buy" rating and set a $71.00 price target on shares of Schlumberger in a report on Thursday, April 4th. Bank of America cut their price target on shares of Schlumberger from $63.00 to $62.00 and set a "buy" rating on the stock in a report on Monday. Finally, Susquehanna restated a "positive" rating and set a $77.00 price target on shares of Schlumberger in a report on Monday. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.67.

Schlumberger Stock Down 0.9 %

SLB stock traded down $0.44 during midday trading on Wednesday, reaching $49.11. The company had a trading volume of 10,163,834 shares, compared to its average volume of 11,262,749. Schlumberger has a 1 year low of $42.73 and a 1 year high of $62.12. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $70.10 billion, a P/E ratio of 16.32, a PEG ratio of 0.95 and a beta of 1.60. The company has a 50 day moving average of $51.71 and a two-hundred day moving average of $52.25.

Schlumberger (NYSE:SLB - Get Free Report) last released its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.75. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. The company had revenue of $8.71 billion during the quarter, compared to the consensus estimate of $8.70 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. The company's revenue was up 12.6% compared to the same quarter last year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 5th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.24%. This is a positive change from Schlumberger's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, June 5th. Schlumberger's dividend payout ratio (DPR) is currently 36.54%.

Insiders Place Their Bets

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the firm's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the sale, the chief financial officer now directly owns 249,182 shares in the company, valued at approximately $13,151,825.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Stephane Biguet sold 6,250 shares of the firm's stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the transaction, the chief financial officer now directly owns 249,182 shares of the company's stock, valued at approximately $13,151,825.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kevin Fyfe sold 20,223 shares of the firm's stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the transaction, the vice president now directly owns 31,198 shares of the company's stock, valued at $1,623,855.90. The disclosure for this sale can be found here. Insiders have sold 110,768 shares of company stock worth $5,511,037 in the last ninety days. Insiders own 0.26% of the company's stock.

Hedge Funds Weigh In On Schlumberger

Hedge funds and other institutional investors have recently made changes to their positions in the business. BluePath Capital Management LLC bought a new position in Schlumberger during the 3rd quarter valued at about $25,000. MCF Advisors LLC lifted its holdings in Schlumberger by 1,355.9% during the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company's stock valued at $29,000 after purchasing an additional 461 shares during the last quarter. Register Financial Advisors LLC bought a new position in Schlumberger during the 1st quarter valued at about $27,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Schlumberger in the fourth quarter worth about $26,000. Finally, Transcendent Capital Group LLC bought a new position in shares of Schlumberger in the fourth quarter worth about $32,000. 81.99% of the stock is owned by institutional investors.

About Schlumberger

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.