Schlumberger posts first revenue rise in 9 quarters as drilling recovers


It worsened, as 65 investors sold Schlumberger Limited. shares while 567 reduced holdings. Schlumberger Limited. (NYSE:SLB) has risen 0.18% since September 14, 2016 and is uptrending.

Estimates: EPS to fall 37.5% to 25 cents, but revenue is seen rising 7% to $6.98 billion. The continued and effective cost-management initiatives of the company are worth noting. This represents a $2.00 annualized dividend and a yield of 2.56%.

Interestingly, HAL shares are up almost 25% over the past year, compared to SLB shares' almost flat performance. Following this, the stock is trading volatile.

Schlumberger did not offer guidance in its press release, but consensus estimates call for second quarter EPS of $0.35 and revenues of $7.4 billion.

The company also lists headquarters in Houston and Paris.

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Several analysts have recently updated their ratings and price targets for Schlumberger Limited. Vetr upgraded Schlumberger Limited. from a buy rating to a strong-buy rating and set a $95.37 price target on the stock in a report on Wednesday, December 28th. The company's market capitalization is $108.87 billion. Finally, Evercore ISI reissued a "buy" rating and issued a $99.00 target price on shares of Schlumberger a research report on Tuesday, January 31st. The company now has a consensus rating of "Buy" and an average price target of $95.83. The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.06.

Current levels places Schlumberger Limited (NYSE:SLB)'s stock about -10.19% from the 50-day high and -2.45% away from the 50-day low.

Schlumberger Limited (SLB) has reported a 44.31 percent plunge in profit for the quarter ended March 31, 2017. Schlumberger Limited. The firm's market cap is $106.46 billion. Schlumberger N.V. (NASDAQ:SLB) has fallen 3.84% over the past 6 months and is downtrending. In the last four trailing quarters, the company has reported a positive average earnings surprise of 3.94%, missing the estimate once. The company had revenue of $7.11 billion for the quarter, compared to analysts' expectations of $7.10 billion. Schlumberger Limited.'s quarterly revenue was down 8.2% on a year-over-year basis.

They expect $0.25 EPS, down 60% or $0.15 from last year's $0.4 per share.

"COPYRIGHT VIOLATION WARNING: "[[title]]" was first posted by [[site]] and is owned by of [[site]]. If you are reading this news story on another site, it was illegally copied and reposted in violation of U.S. and global trademark & copyright laws. The original version of this news story can be read at [[permalink]]. SANDVOLD TORE I sold $407,700 worth of stock or 5,000 shares. Biguet Stephane sold $239,180 worth of stock or 3,000 shares. Vanguard Group Inc is the second biggest holder with 93 million shares now valued at 7.80 B million whilst State Street Corp has 72 million shares valued at 6.02 B million. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Smith Asset Management Group LP increased its position in Schlumberger 6.7% in the third quarter. After a recent check, company stock has been trading near the $76.86 mark. State of Alaska Department of Revenue bought a new position in Schlumberger Limited. during the first quarter valued at approximately $239,000. About 9.37M shares traded or 49.20% up from the average. WealthTrust Arizona LLC increased its position in Schlumberger 5.5% in the third quarter. Rothschild Investment Corp IL now owns 17,518 shares of the oil and gas company's stock valued at $1,368,000 after buying an additional 1,499 shares during the period. Institutional investors and hedge funds own 78.66% of the company's stock.