Published: Sat, April 22, 2017
Money | By Oscar Reynolds

Schlumberger Limited. Target of Unusually Large Options Trading (SLB)

Schlumberger Limited. Target of Unusually Large Options Trading (SLB)

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Several large investors have recently added to or reduced their stakes in the stock. Its provision for credit losses increased 18 million from the fourth quarter.

Hedge funds and other institutional investors have recently bought and sold shares of the company. The stock has decreased nearly 6 percent in the last 12 months. Schlumberger Limited.'s quarterly revenue was down 8.2% on a year-over-year basis. Schlumberger Limited. also saw some unusual options trading on Friday. Smith Asset Management Group LP now owns 1,280 shares of the oil and gas company's stock worth $101,000 after buying an additional 80 shares during the last quarter. Finally, SunTrust Banks, Inc. assumed coverage on Schlumberger a report on Wednesday, January 18th.

Analysts await Schlumberger N.V. (NASDAQ:SLB) to report earnings on April, 21 for the fiscal quarter ending Mar 2017. For the past 5 days of trading, the stock has seen a move of -3.98%. (NYSE:SLB) from a sell rating to a hold rating in a research note released on Tuesday morning. Schlumberger said land revenue from the United States posted double-digit growth, but recovery was even stronger in parts of Canada, when success is measured by rig counts. Five investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company.

Current levels places Schlumberger Limited (NYSE:SLB)'s stock about -10.19% from the 50-day high and -2.45% away from the 50-day low. (NYSE:SLB) traded down 2.61% on Thursday, reaching $74.51.

Schlumberger Limited. has 1,391,475,000 shares in issue which have a share price of 74.5 giving Schlumberger Limited. a market capitalisation of 103.66B Dollars. Mcdaniel Terry has invested 3.32% in Schlumberger Limited.

In terms of earnings per share, 36 analysts have a 0.34 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 35 analysts have a 0.47 EPS mean target and for the quarter ending Sep-17 there are 39 estimates of 1.68 EPS.

Results: EPS declined to 25 cents a share, as revenue rose to $6.89 billion. However, its revenue of $6.89 billion thus missing expectations of $6.99 billion. Although HAL has a history of beating earnings estimates, given the estimates are so low for Q1 EPS, the focus will be on the size of the beat in case it exceeds earnings this time, apart from the outlook HAL provides for the rest of the year. On average, equities research analysts anticipate that Schlumberger Limited. will post $1.74 earnings per share for the current fiscal year. Sell-side analysts have also provided a consensus recommendation of 1.90 on company shares. Investors of record on Wednesday, February 15th were paid a dividend of $0.50 per share.

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