Schlumberger Limited Setting The Table For Earnings

Jim Urquhart  Reuters

Drilling Group revenues decreased primarily due to pricing pressure and reduced drilling works in the worldwide market. This is an increase of 398% compared to the typical daily volume of 411 call options. The shares were sold at an average price of $81.54, for a total transaction of $407,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hedge funds and other institutional investors have recently made changes to their positions in the stock.

Schlumberger's shares have outperformed the Zacks categorized Oil & Gas-Field Services industry during the first quarter. LLC now owns 151,917 shares of the oil and gas company's stock valued at $11,865,000 after buying an additional 6,406 shares in the last quarter. The high and low revenue estimates for the current quarter are $8.23 Billion and $7.07 Billion, respectively. Schlumberger Limited. also saw some unusual options trading on Friday. Natl Registered Inv Advisor owns 15,580 shares or 0.59% of their U.S. portfolio. Finally, Huntington National Bank increased its stake in Schlumberger 0.5% in the first quarter. The stock plunged -11.72 percent over the past quarter, while declined -4.86 percent over the past six months. Investors measure stock performance on the basis of a company's earnings power.

Several equities research analysts have recently weighed in on SLB shares.

SunTrust Banks gave shares of Schlumberger Limited. a price target of 92 indicating a potential increase of 23.49% from Schlumberger Limited.'s current price of 74.5. The 50 day moving average of NYSE:SLB is 78.61 and the 200 day moving average is 81.52. Following this, the stock is trading volatile. (NYSE:SLB) from a sell rating to a hold rating in a research note released on Tuesday morning.

Oil and gas services giant Schlumberger reported a 1Q2017 net profit of $279mn, down from its year-ago $501mn profit, but an improvement from its 4Q2016 loss of $204mn. Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company's stock. This is the price at which the trader or investor wants to exit his existing position so he can realize the most reward. The relative volume of the stock is 1.33, while its market cap is $106.66 Billion. (NYSE:SLB) last announced its earnings results on Friday, January 20th. The top line improved from the year-earlier level of $6,520 million but missed the Zacks Consensus Estimate of $6,977 million. However, its revenue of $6.89 billion thus missing expectations of $6.99 billion. After having $0.09 EPS previously, Atlantic Capital Bancshares Inc's analysts see 66.67% EPS growth. Comparatively, Schlumberger Limited posted earnings of $0.51 per share in the same quarter previous year. Sell-side analysts have also provided a consensus recommendation of 1.90 on company shares. This represents a $2.00 annualized dividend and a yield of 2.56%.

Paal Kibsgaard, chairman and chief executive officer of Schlumberger Limited, pauses during a panel session at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, on Friday, June 19, 2015.

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