Atb Cap Markets Comments on Schlumberger Limited’s Q4 2024 Earnings (NYSE:SLB)

Schlumberger Limited (NYSE:SLB) – Investment analysts at Atb Cap Markets dropped their Q4 2024 EPS estimates for shares of Schlumberger in a report released on Tuesday, October 1st. Atb Cap Markets analyst W. Syed now forecasts that the oil and gas company will post earnings of $0.92 per share for the quarter, down from their prior estimate of $1.01. The consensus estimate for Schlumberger’s current full-year earnings is $3.48 per share.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. The firm had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $9.08 billion. During the same period last year, the company earned $0.72 earnings per share. The business’s revenue was up 12.8% on a year-over-year basis.

Several other research analysts have also recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $68.00 target price on shares of Schlumberger in a research report on Monday, July 22nd. JPMorgan Chase & Co. cut their price objective on shares of Schlumberger from $64.00 to $60.00 and set an “overweight” rating on the stock in a report on Tuesday, October 1st. Citigroup lowered their target price on shares of Schlumberger from $65.00 to $62.00 and set a “buy” rating for the company in a report on Friday, June 28th. TD Cowen boosted their price target on shares of Schlumberger from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Finally, Bank of America decreased their price objective on shares of Schlumberger from $62.00 to $58.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.29.

Schlumberger Price Performance

SLB stock opened at $45.46 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.49. The business has a 50-day simple moving average of $43.34 and a two-hundred day simple moving average of $46.75. The company has a market capitalization of $64.55 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 0.94 and a beta of 1.51. Schlumberger has a 52-week low of $38.66 and a 52-week high of $61.20.

Schlumberger Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Shareholders of record on Wednesday, September 4th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.42%. The ex-dividend date is Wednesday, September 4th. Schlumberger’s dividend payout ratio (DPR) is presently 36.54%.

Insider Buying and Selling at Schlumberger

In related news, EVP Mogharbel Khaled Al sold 120,668 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $50.19, for a total value of $6,056,326.92. Following the completion of the transaction, the executive vice president now directly owns 247,699 shares of the company’s stock, valued at approximately $12,432,012.81. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Schlumberger news, Director Vijay Kasibhatla sold 10,000 shares of Schlumberger stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $49.29, for a total transaction of $492,900.00. Following the completion of the transaction, the director now owns 62,354 shares of the company’s stock, valued at $3,073,428.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mogharbel Khaled Al sold 120,668 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $50.19, for a total value of $6,056,326.92. Following the sale, the executive vice president now owns 247,699 shares in the company, valued at approximately $12,432,012.81. 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 over the last three months. 0.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Schlumberger

Several hedge funds have recently bought and sold shares of SLB. Register Financial Advisors LLC bought a new position in Schlumberger in the 1st quarter worth about $27,000. Manchester Capital Management LLC increased its position in shares of Schlumberger by 297.9% in the first quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 426 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in Schlumberger by 204.2% in the second quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 392 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in Schlumberger during the fourth quarter valued at approximately $32,000. Finally, Unique Wealth Strategies LLC purchased a new position in Schlumberger in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Schlumberger Company Profile

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.