Schlumberger posts first revenue rise in 9 quarters as drilling recovers

Jim Urquhart  Reuters

It worsened, as 65 investors sold Schlumberger Limited. shares while 567 reduced holdings. (NYSE:SLB), 23 have Buy rating, 1 Sell and 6 Hold. The company retained its EPS outlook of $5.55 - $6.05 on revenue of $2.85 - $2.99 billion for full year. This represents a $2.00 annualized dividend and a dividend yield of 2.61%. Despite these positives, Schlumberger failed to show pricing strength as its shares underperformed the broader industry in the last one year. Following this, the stock is trading volatile.

Earnings, adjusted for non-recurring costs, were 25 cents per share, meeting the average estimate of analysts surveyed by Zacks Investment Research. The company has market cap of $103.30 billion. Jefferies Group LLC reiterated a buy rating and issued a $99.00 price target on shares of Schlumberger Limited.in a report on Thursday, April 6th. Deutsche Bank AG set a $101.00 price target on Schlumberger Limited. and gave the company a "buy" rating in a report on Monday, January 23rd. They issued a hold rating and a $92.00 price target on the stock.

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.

Schlumberger Limited. has a 52 week low of $72.00 and a 52 week high of $87.84 The company's market cap is now $0.

Schlumberger Limited. (NYSE:SLB) had its target price raised to $91.00 by Vetr Inc.in a report released 4/20/2017. The firm has a 50-day moving average price of $78.61 and a 200-day moving average price of $81.52.

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Schlumberger Limited. had a negative net margin of 6.07% and a positive return on equity of 3.81%. (NYSE:SLB) posted its quarterly earnings data on Friday.

The results met Wall Street expectations.

Since the start of the New Year, Schlumberger Limited (NYSE:SLB) shares have seen a move of -8.34%. During the same quarter in the prior year, the firm earned $0.65 EPS.

"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 USA and worldwide trademark & copyright laws. The original version of this news story can be read at [[permalink]]. Another trade for 5,000 shares valued at $405,000 was made by SANDVOLD TORE I on Tuesday, November 15. The shares were sold at an average price of $81.54, for a total value of $407,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

On a per-share basis, The Hague, Netherlands-based company said it had a profit of 20 cents. Company insiders own 0.36% of the company's stock. Finally, Bright Rock Capital Management LLC increased its position in shares of Schlumberger Limited.by 12.0% in the first quarter. The company's stock had a trading volume of 8,053,851 shares.

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