Schlumberger (SLB) Announces Quarterly Earnings, Meets Expectations
Schlumberger (SLB) issued its quarterly earnings data on Friday. The company reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. The company’s revenue for the quarter was up 21.7% on a year-over-year basis.
SLB has been the subject of a number of recent research reports. Analysts at FBR Capital cut their price target on shares of Schlumberger from $93.00 to $85.00 in a research note to investors on Thursday, June 7th. They now have an “outperform” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Schlumberger in a research note to investors on Friday, May 11st. They now have a $73.00 price target on the stock. Finally, analysts at HSBC cut their price target on shares of Schlumberger from $94.00 to $91.00 in a research note to investors on Tuesday, April 24th. They now have an “overweight” rating on the stock.
Schlumberger (SLB) traded up 1.34% on Tuesday, hitting $64.93. Schlumberger (SLB) has a 1-year low of $54.79 and a 1-year high of $95.53. The company has a market cap of $86.588 billion and a price-to-earnings ratio of 16.20.
Schlumberger Limited (Schlumberger) is a supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry.