Published: Sat, April 22, 2017
Economy | By Melissa Porter

Schlumberger Revenue Finally Rises, But Misses Views

Schlumberger Revenue Finally Rises, But Misses Views

Following the completion of the transaction, the director now owns 7,750 shares in the company, valued at $631,935. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Its provision for credit losses increased 18 million from the fourth quarter.

While being a globally diversified company had placed SLB in a better position than most of its US-listed peers when oil production activity dried up in NAM in the wake of an oil-price-crash, the same can act against it in this quarter as a lion's share of its revenue (nearly 75%) comes from outside NAM. American Research & Management Co. increased its position in Schlumberger 8.5% in the first quarter. Over the past month the firm's stock is -2.77%, -11.72% for the last quarter, -4.86% for the past six-months and -3.29% for the a year ago.

Last year, Schlumberger Chairman and CEO Paal Kibsgaard called "the bottom of the cycle" in second quarter 2016. The new target price indicates a possible upside of 0.19% based on the company's last stock close price. Finally, SunTrust Banks, Inc. assumed coverage on Schlumberger a report on Wednesday, January 18th. Institutional investors and hedge funds own 78.66% of the company's stock.

Several equities research analysts have recently weighed in on SLB shares.

Receive Schlumberger N.V. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. with's FREE daily email newsletter. Moreover, commodity price volatility remains an overhang on the stock. (NYSE:SLB) lowered the target price from $101.00 to $100.00. $3.36 million worth of Schlumberger Limited. Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Jefferies Group LLC reissued an equal weight rating on shares of Schlumberger a report on Friday, April 14th. The stock's 52-week range is $72.00 to $87.84. (NYSE:SLB) traded down 2.61% on Thursday, reaching $74.51. The stock's 50 day moving average price is $78.61 and its 200 day moving average price is $81.52. Mcdaniel Terry has invested 3.32% in Schlumberger Limited. (NYSE:SLB) last announced its quarterly earnings data on Friday, April 21st.

Estimates: EPS to fall 37.5% to 25 cents, but revenue is seen rising 7% to $6.98 billion. The top line improved from the year-earlier level of $6,520 million but missed the Zacks Consensus Estimate of $6,977 million.

Investors would also weigh HAL results against the company's Q1 guidance for margin growth in the NAM region of 40%-45% and analysts' expectations of a strong double digit revenue growth. During the same quarter in the previous year, the firm posted $0.65 earnings per share.

The company, which lists Houston as one of its headquarters, plans to reactive its entire fracking fleet by the fourth quarter, and its pending joint venture with Weatherford International will give it a foothold in every US oil basin with both hydraulic horsepower and multistage completion technology, the executive said. This represents a $2.00 annualized dividend and a dividend yield of 2.61%.

Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 earnings report which has just released.

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