Schlumberger (NYSE:SLB - Get Free Report) released its earnings results on Friday. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.01, RTT News reports. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. The firm had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same quarter last year, the firm posted $0.78 EPS. The company's revenue was up 10.2% on a year-over-year basis.
Schlumberger stock opened at $43.99 on Friday. The stock has a 50-day simple moving average of $43.13 and a 200 day simple moving average of $46.17. The stock has a market capitalization of $62.46 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.96 and a beta of 1.51. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. Schlumberger has a 12-month low of $38.66 and a 12-month high of $61.20.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.50%. Schlumberger's payout ratio is presently 35.95%.
In other news, Director Vijay Kasibhatla sold 10,000 shares of the company's stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $49.29, for a total transaction of $492,900.00. Following the transaction, the director now directly owns 62,354 shares in the company, valued at approximately $3,073,428.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Mogharbel Khaled Al sold 120,668 shares of Schlumberger stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $50.19, for a total value of $6,056,326.92. Following the completion of the sale, the executive vice president now directly owns 247,699 shares in the company, valued at $12,432,012.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vijay Kasibhatla sold 10,000 shares of the business's stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $49.29, for a total value of $492,900.00. Following the sale, the director now directly owns 62,354 shares of the company's stock, valued at $3,073,428.66. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 180,716 shares of company stock valued at $9,048,624 in the last 90 days. 0.26% of the stock is currently owned by insiders.
Several equities research analysts have recently issued reports on SLB shares. Piper Sandler lowered their price objective on shares of Schlumberger from $71.00 to $66.00 and set an "overweight" rating on the stock in a research note on Monday, July 15th. TD Cowen raised their price target on shares of Schlumberger from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Monday, July 22nd. BMO Capital Markets cut their price objective on shares of Schlumberger from $60.00 to $58.00 and set an "outperform" rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their target price on Schlumberger from $64.00 to $60.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 1st. Finally, UBS Group cut their price target on Schlumberger from $63.00 to $57.00 and set a "buy" rating for the company in a report on Wednesday, September 18th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Schlumberger presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.97.
Check Out Our Latest Stock Report on Schlumberger
Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
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