According to Zacks, analysts expect that Schlumberger N.V. will report full year sales of $7.68 billion for the current financial year, with estimates ranging from $28.72 billion to $30.93 billion. For the next fiscal year, analysts expect that the business will report sales of $35.10 billion per share, with estimates ranging from $32.53 billion to $38.45 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Schlumberger N.V..
Equities research analysts expect that Schlumberger N.V. (NYSE:SLB) will post $7.68 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Schlumberger N.V.’s earnings. The lowest sales estimate is $7.53 billion and the highest is $7.96 billion. Schlumberger N.V. reported sales of $7.02 billion in the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The firm is scheduled to announce its next quarterly earnings results on Friday, July 21st.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a positive return on equity of 3.32% and a negative net margin of 6.77%. The company had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same period last year, the firm posted $0.23 earnings per share. Schlumberger N.V.’s revenue was up 4.2% compared to the same quarter last year.
SLB has been the topic of several recent analyst reports. Barclays PLC reaffirmed an “overweight” rating and set a $107.00 target price on shares of Schlumberger N.V. in a research report on Monday, April 24th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Schlumberger N.V. in a research report on Monday, July 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $103.00 target price on shares of Schlumberger N.V. in a research report on Tuesday, March 28th. Guggenheim downgraded Schlumberger N.V. from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. Finally, Sanford C. Bernstein upgraded Schlumberger N.V. from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $94.00 to $80.00 in a research note on Thursday, July 6th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $88.77.
Schlumberger N.V. (NYSE:SLB) traded down 0.73% during midday trading on Thursday, hitting $66.53. The company had a trading volume of 10,910,320 shares. The stock has a market capitalization of $92.44 billion, a PE ratio of 391.35 and a beta of 1.02. Schlumberger N.V. has a 52 week low of $64.15 and a 52 week high of $87.84. The stock has a 50 day moving average price of $67.06 and a 200-day moving average price of $75.68.
In related news, President Aaron Gatt Floridia sold 40,000 shares of Schlumberger N.V. stock in a transaction on Monday, June 12th. The stock was sold at an average price of $69.17, for a total value of $2,766,800.00. Following the completion of the transaction, the president now directly owns 96,175 shares in the company, valued at $6,652,424.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Tore I. Sandvold sold 5,000 shares of Schlumberger N.V. stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total value of $349,100.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $349,100. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLB. SRS Capital Advisors Inc. bought a new position in Schlumberger N.V. during the fourth quarter worth about $101,000. Tradewinds Capital Management LLC raised its position in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after buying an additional 307 shares during the period. Rocky Mountain Advisers LLC raised its position in Schlumberger N.V. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock worth $113,000 after buying an additional 1,331 shares during the period. American Research & Management Co. raised its position in Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock worth $106,000 after buying an additional 106 shares during the period. Finally, Advantage Investment Management LLC bought a new position in Schlumberger N.V. during the fourth quarter worth about $127,000. Hedge funds and other institutional investors own 79.41% of the company’s stock.
Schlumberger N.V. Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
Get a free copy of the Zacks research report on Schlumberger N.V. (SLB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com