Schlumberger (SLB) Announces Quarterly Earnings Results, Hits Estimates
Schlumberger (SLB) released its 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.
Several analysts have also recently commented on the stock. 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 the ratings front, 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 down 2.40% on Wednesday, hitting $65.54. Schlumberger (SLB) has a 52-week low of $54.79 and a 52-week high of $95.53. The company has a market cap of $87.401 billion and a price-to-earnings ratio of 16.98.
Schlumberger Limited (Schlumberger) is a supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry.