Brokers Offer Predictions for Schlumberger FY2025 Earnings

Schlumberger Limited (NYSE:SLB) – Investment analysts at Capital One Financial dropped their FY2025 EPS estimates for shares of Schlumberger in a report released on Monday, October 21st. Capital One Financial analyst D. Becker now forecasts that the oil and gas company will post earnings of $3.64 per share for the year, down from their prior estimate of $4.15. The consensus estimate for Schlumberger’s current full-year earnings is $3.41 per share.

SLB has been the subject of a number of other research reports. Susquehanna decreased their price target on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced their target price on shares of Schlumberger from $64.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Morgan Stanley reduced their target price on shares of Schlumberger from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. UBS Group reduced their target price on shares of Schlumberger from $63.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, Benchmark reiterated a “buy” rating and issued a $68.00 target price on shares of Schlumberger in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Schlumberger currently has an average rating of “Moderate Buy” and an average price target of $60.97.

Schlumberger Stock Performance

Shares of SLB stock opened at $42.13 on Thursday. The firm has a market capitalization of $59.82 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.48 and a beta of 1.51. The firm has a fifty day simple moving average of $43.00 and a two-hundred day simple moving average of $45.75. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. Schlumberger has a 12 month low of $38.66 and a 12 month high of $59.05.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. Schlumberger’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS.

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Wednesday, December 4th. Schlumberger’s payout ratio is currently 35.37%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SLB. Capital World Investors boosted its holdings in shares of Schlumberger by 72.3% in the first quarter. Capital World Investors now owns 88,950,956 shares of the oil and gas company’s stock worth $4,875,402,000 after acquiring an additional 37,333,485 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Schlumberger by 14.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 85,986,039 shares of the oil and gas company’s stock worth $4,712,897,000 after purchasing an additional 10,606,191 shares during the period. Boston Partners grew its holdings in Schlumberger by 35.8% during the 1st quarter. Boston Partners now owns 11,640,827 shares of the oil and gas company’s stock valued at $635,883,000 after buying an additional 3,069,395 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Schlumberger during the second quarter valued at about $92,944,000. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Schlumberger in the second quarter worth about $91,364,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

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.