Published: Thu, January 26, 2017
Economy | By Melissa Porter

FY2016 EPS Estimates for Schlumberger NV Reduced by Analyst (SLB)

FY2016 EPS Estimates for Schlumberger NV Reduced by Analyst (SLB)

Schlumberger (NYSE:SLB) has beaten revenue and earnings estimate for the final quarter of FY2016 by $40 million and $0.02 per share, respectively. They issued a "buy" rating and a $90.00 price target on the stock.

Several other research firms have also issued reports on SLB. Guggenheim reaffirmed a "buy" rating on shares of Schlumberger NV in a report on Thursday, November 10th. Citigroup Inc. upped their target price on shares of Schlumberger NV from $89.00 to $93.00 and gave the stock a "buy" rating in a report on Tuesday, October 11th. Sanford C. Bernstein assumed coverage on shares of Schlumberger NV in a research note on Thursday, December 1st. Jefferies Group has a "Buy" rating and a $96.00 price target on the stock.

A total of 34 analysts have released a report on Schlumberger Limited. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $87.74. The stock presently has a consensus rating of Buy and an average target price of $94.36. The last close places the company's stock about $3.26 off its 52 week high of $87.84 and $21.16 above the 52 week low of $63.42. The firm has a 50-day moving average of $85.35 and a 200 day moving average of $81.15. The company's revenue was down -8.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.65 EPS. (NASDAQ:SBLK) announced that it will release its results for the fourth quarter and year ended December 31, 2016 after the market closes in NY on Wednesday, February 22, 2017. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.22 by $0.03. The firm earned $7.11 billion during the quarter. During the same quarter in the prior year, the business earned $0.65 EPS. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.21 to $0.50. The Stock now has a Weekly Volatility of 1.77% and Monthly Volatility of 1.42%.

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07/25/2016 - Schlumberger N.V. had its "sector outperform" rating reiterated by analysts at Scotiabank.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.36%. Schlumberger NV's dividend payout ratio is -108.70%. While it's Return on Investment (ROI) value is 3.9%. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ashok Belani sold 46,577 shares of Schlumberger NV stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $86.35, for a total value of $11,578,757.85. Following the completion of the sale, the vice president now owns 10,108 shares in the company, valued at approximately $805,910.84. The disclosure for this sale can be found here. Post opening the session at $85.85, the shares hit an intraday low of $83.9 and an intraday high of $85.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red. Highland Capital Management LLC raised its stake in Schlumberger 0.8% in the second quarter.

The Relative Volume of the company is 1.86 and Average Volume (3 months) is 5.44 million. Parkside Financial Bank & Trust increased its position in Schlumberger NV by 1.0% in the third quarter. Cable Hill Partners LLC boosted its position in shares of Schlumberger NV by 28.3% in the third quarter. Bowling Portfolio Management LLC now owns 6,354 shares of the company's stock worth $502,000 after buying an additional 33 shares during the period. Finally, J.Safra Asset Management Corp acquired a new position in Schlumberger NV during the second quarter valued at about $114,000.

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