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
Shares of NYSE:SLB opened at $34.65 on Tuesday. The company has a market cap of $49.01 billion, a P/E ratio of 18.83, a P/E/G ratio of 0.45 and a beta of 1.86. Schlumberger has a 52-week low of $25.90 and a 52-week high of $49.83. 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's fifty day moving average is $37.81 and its two-hundred day moving average is $39.84.
Schlumberger (NYSE:SLB - Get Rating) last issued its earnings results on Friday, July 22nd. The oil and gas company reported $0.50 earnings per share (EPS) 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 firm had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.28 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The business's revenue was up 20.2% compared to the same quarter last year. As a group, analysts anticipate that Schlumberger will post 2 EPS for the current fiscal year.
Schlumberger Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Wednesday, September 7th will be given a dividend of $0.175 per share. The ex-dividend date is Tuesday, September 6th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.02%. Schlumberger's dividend payout ratio is currently 38.04%.
Analysts Set New Price Targets
A number of research firms recently commented on SLB. Benchmark upgraded Schlumberger from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research report on Wednesday, July 27th. The Goldman Sachs Group dropped their price objective on shares of Schlumberger from $54.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, July 13th. HSBC raised shares of Schlumberger from a "hold" rating to a "buy" rating and upped their target price for the company from $4.60 to $44.20 in a report on Wednesday, April 27th. Barclays lifted their price target on shares of Schlumberger from $55.00 to $59.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 8th. Finally, Wells Fargo & Company cut their price target on Schlumberger from $56.00 to $55.00 and set an "overweight" rating for the company in a report on Monday, April 25th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $47.01.
Insider Buying and Selling
In other Schlumberger news, insider Gavin Rennick sold 10,759 shares of Schlumberger stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $46.70, for a total value of $502,445.30. Following the completion of the transaction, the insider now directly owns 38,044 shares of the company's stock, valued at approximately $1,776,654.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Katharina Beumelburg sold 4,200 shares of Schlumberger stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $40.28, for a total transaction of $169,176.00. Following the completion of the sale, the insider now owns 519 shares of the company's stock, valued at $20,905.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gavin Rennick sold 10,759 shares of the stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $46.70, for a total value of $502,445.30. Following the completion of the transaction, the insider now directly owns 38,044 shares in the company, valued at approximately $1,776,654.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,047,459 shares of company stock worth $205,224,121. Insiders own 0.28% of the company's stock.
