Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems. The company also provides mud logging and engineering support services; drilling equipment and services for shipyards, drilling contractors, energy companies, and rental tool companies; land drilling rigs and related services; drilling tools; well cementing products and services; and well planning and drilling, engineering, supervision, logistics, procurement, contracting, and drilling rig management services, as well as supplies engineered drilling fluid systems; and designs, manufactures, and markets roller cone and fixed cutter drill bits. In addition, it offers well completion services and equipment; artificial lift production equipment and optimization services; valves; process systems; and integrated subsea production systems comprising wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services, as well as designs and manufactures onshore and offshore platform wellhead systems and processing solutions. The company was formerly known as Socie´te´ de Prospection E´lectrique. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.
Schlumberger Stock Performance
NYSE:SLB traded up $0.11 during trading on Monday, reaching $34.77. The company's stock had a trading volume of 152,403 shares, compared to its average volume of 15,084,689. The firm has a market cap of $49.18 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 0.45 and a beta of 1.86. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.98 and a current ratio of 1.35. The firm has a 50 day moving average of $38.08 and a 200-day moving average of $39.86. Schlumberger has a 12 month low of $25.90 and a 12 month high of $49.83.
Schlumberger (NYSE:SLB - Get Rating) last posted its quarterly earnings results on Friday, July 22nd. The oil and gas company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.10. Schlumberger had a return on equity of 15.06% and a net margin of 10.56%. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the company earned $0.30 EPS. The firm's quarterly revenue was up 20.2% compared to the same quarter last year. Research analysts expect that Schlumberger will post 2 EPS for the current fiscal year.
Schlumberger Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Wednesday, September 7th will be given a $0.175 dividend. The ex-dividend date is Tuesday, September 6th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.01%. Schlumberger's dividend payout ratio is currently 38.04%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on SLB shares. Wells Fargo & Company reduced their target price on shares of Schlumberger from $56.00 to $55.00 and set an "overweight" rating for the company in a research note on Monday, April 25th. Piper Sandler upgraded shares of Schlumberger from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $43.00 to $55.00 in a report on Monday, April 11th. Barclays boosted their price target on shares of Schlumberger from $55.00 to $59.00 and gave the company an "overweight" rating in a report on Wednesday, June 8th. Cowen boosted their price target on shares of Schlumberger from $47.00 to $49.00 and gave the company an "outperform" rating in a report on Monday, July 25th. Finally, The Goldman Sachs Group lowered their price objective on shares of Schlumberger from $54.00 to $45.00 and set a "buy" rating on the stock in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $47.01.
Insider Activity at Schlumberger
In related news, major shareholder Limited/Nv Schlumberger sold 12,032,500 shares of the company's stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $17.00, for a total transaction of $204,552,500.00. Following the completion of the sale, the insider now owns 23,069,461 shares in the company, valued at $392,180,837. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Katharina Beumelburg sold 4,200 shares of the firm's stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $40.28, for a total value of $169,176.00. Following the completion of the transaction, the insider now owns 519 shares in the company, valued at approximately $20,905.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Limited/Nv Schlumberger sold 12,032,500 shares of the firm's stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $17.00, for a total value of $204,552,500.00. Following the sale, the insider now owns 23,069,461 shares in the company, valued at $392,180,837. The disclosure for this sale can be found here. Insiders have sold 12,047,459 shares of company stock worth $205,224,121 over the last ninety days. 0.28% of the stock is owned by corporate insiders.
