Schlumberger posts first revenue rise in 9 quarters as drilling recovers

Gladys Abbott
April 21, 2017

However net profit attributable to Schlumberger fell to US$279 million, or 20 USA cents per share, in the first quarter ended March 31, from US$501 million, or 40 U.S. cents per share, a year earlier. The firm's revenue was up 5.7% compared to the same quarter previous year. The oil field services firm reported adjusted diluted earnings per share (EPS) of $0.25 on revenues of $6.89 billion. The most recent short interest data show 1.21% of the company's stock are short sold.

The company also lists headquarters in Houston and Paris.

Schlumberger Limited (NYSE:SLB)'s market cap, the total dollar value of all of their outstanding shares, is 106664.12m. Schlumberger Limited.'s dividend payout ratio (DPR) is presently -169.49%.

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"We will have some headwinds around one-time reactivation cost in the coming quarters", Schlumberger's Chief Executive Officer Paal Kibsgaard said on a post-earnings conference call. The stock has decreased nearly 6 percent in the last 12 months. For the past 5 days of trading, the stock has seen a move of -3.98%. The dividend stock is -12.37% off a 52-week high stock price of US$87.84 but is up 8.93% since hitting the US$72. The stock has a 50-day moving average of $78.61 and a 200-day moving average of $81.52. The stock's current RSI reading is at 39.35. Jefferies Group LLC upped their price target on Schlumberger Limited. from $96.00 to $99.00 and gave the company a "buy" rating in a report on Friday, January 27th. Credit Suisse Group AG lifted their target price on Schlumberger Limited. from $94.00 to $95.00 and gave the company an "outperform" rating in a research report on Monday, January 23rd. Vetr raised Schlumberger Limited. from a "buy" rating to a "strong-buy" rating and set a $95.37 target price on the stock in a research report on Wednesday, December 28th. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and global trademark and copyright laws. The company now has an average rating of "Buy" and a consensus price target of $96.00.

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry.

Key Stats: Pre-tax operating income from Reservoir Characterization segment was $281 million, down 16% year over year.

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