$0.40 EPS Expected for Schlumberger Limited (SLB)
April 2, 2018 – By Winifred Garcia
Investors sentiment decreased to 0.66 in 2017 Q4. Its down 0.22, from 0.88 in 2017Q3. It fall, as 90 investors sold Schlumberger Limited shares while 672 reduced holdings. 140 funds opened positions while 365 raised stakes. 1.05 billion shares or 11.89% less from 1.20 billion shares in 2017Q3 were reported.
Stevens First Principles reported 16 shares stake. Tower Bridge Advsr holds 96,972 shares. Scharf Ltd Liability holds 2.25% or 1.47 million shares in its portfolio. Needham Inv Mgmt Ltd Liability holds 0.09% or 5,000 shares. Evermay Wealth Mngmt Ltd stated it has 0.08% in Schlumberger Limited (NYSE:SLB). Altrinsic Advisors Limited Liability Company invested 2.87% of its portfolio in Schlumberger Limited (NYSE:SLB). Bright Rock Cap Mgmt Limited Com invested in 1.1% or 60,000 shares. Pinnacle Fincl Ptnrs Inc holds 0.38% or 53,978 shares in its portfolio. Stack Financial Management accumulated 376,635 shares. Opportunities Ltd Liability invested in 4.87% or 104,466 shares. Wendell David Associate accumulated 17,781 shares or 0.21% of the stock. Moreover, Sequoia Financial Ltd Liability Corporation has 0.05% invested in Schlumberger Limited (NYSE:SLB) for 6,607 shares. Garde Cap has invested 0.14% in Schlumberger Limited (NYSE:SLB). Cushing Asset Lp stated it has 30,000 shares or 0.06% of all its holdings. Clarivest Asset Limited Liability Corporation holds 0% or 2,691 shares in its portfolio.
Since October 24, 2017, it had 3 insider purchases, and 3 insider sales for $6.93 million activity. 10,000 Schlumberger Limited (NYSE:SLB) shares with value of $646,800 were bought by KIBSGAARD PAAL. $192,900 worth of Schlumberger Limited (NYSE:SLB) was bought by Al Mogharbel Khaled. Guild Howard also sold $1.96 million worth of Schlumberger Limited (NYSE:SLB) on Monday, January 22. 3,500 shares were sold by SANDVOLD TORE I, worth $219,205 on Tuesday, October 24. 5,000 shares were bought by Schorn Patrick, worth $323,950.
Analysts expect Schlumberger Limited (NYSE:SLB) to report $0.40 EPS on April, 20 before the open.They anticipate $0.15 EPS change or 60.00 % from last quarter’s $0.25 EPS. SLB’s profit would be $554.38 million giving it 39.44 P/E if the $0.40 EPS is correct. After having $0.48 EPS previously, Schlumberger Limited’s analysts see -16.67 % EPS growth. The stock decreased 2.59% or $1.6801 during the last trading session, reaching $63.0999. About 5.18M shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 2, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.
Schlumberger Limited (NYSE:SLB) Ratings Coverage
Among 22 analysts covering Schlumberger N.V. Common Stock (NYSE:SLB), 20 have Buy rating, 0 Sell and 2 Hold. Therefore 91% are positive. Schlumberger N.V. Common Stock had 34 analyst reports since October 5, 2017 according to SRatingsIntel. BMO Capital Markets downgraded Schlumberger Limited (NYSE:SLB) on Wednesday, October 11 to “Market Perform” rating. On Friday, October 20 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Buy” rating given on Monday, January 22 by Jefferies. Barclays Capital maintained the shares of SLB in report on Wednesday, October 25 with “Equal-Weight” rating. The firm has “Buy” rating given on Friday, October 20 by Wells Fargo. The rating was maintained by Cowen & Co on Friday, October 6 with “Buy”. RBC Capital Markets maintained Schlumberger Limited (NYSE:SLB) rating on Tuesday, January 16. RBC Capital Markets has “Buy” rating and $80.0 target. The company was maintained on Monday, October 23 by Credit Suisse. The firm has “Overweight” rating by Atlantic Securities given on Monday, January 22. Morgan Stanley maintained Schlumberger Limited (NYSE:SLB) on Monday, October 23 with “Overweight” rating.
Schlumberger Limited supplies technology services and products to the gas and oil exploration and production industry worldwide. The company has market cap of $87.45 billion. The Company’s Reservoir Characterization Group segment provides reservoir imaging, monitoring, and development services; wireline technologies for open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services comprising surface and downhole services; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services. It currently has negative earnings. The Company’s Drilling Group segment designs, makes, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems; provides pressure drilling and underbalanced drilling solutions, and environmental services and products; mud logging services; land drilling rigs and support services; and well planning and drilling, engineering, supervision, logistics, procurement, contracting, and drilling rig management services, as well as bottom-hole-assembly, borehole-enlargement technologies, impact tools, tubulars, and tubular services.
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