6 Biggest Energy Earnings Reports Next Week
Schlumberger (SLB)
Background: Schlumberger, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. The company was founded in 1926 and is based in Houston, Texas. Schlumberger trades an average of 6.2 million shares per day with a marketcap of $96 billion.
52-Week Range: $59.12 to $80.78
Book Value: $24.72 Price to Book: 2.9 Third-quarter earnings is highly anticipated by hopeful investors expecting an earnings growth report before the market opens on Oct. 19. The mean bottom line appraisal is presently $1.07 a share, a gain of 9 cents (8.4%) from 98 cents during the corresponding quarter last year. The lowest analyst estimate this report is $1 per share, and the highest is $1.16 per share. Along with beating last year's results, this quarter is expected to beat last quarter's result of $1.05 per share. Real Money's David Katz writes about Schlumberger in Staying Bullish on Energy. Analysts are in love with this company. Schlumberger is sporting 31 buy or strong buy from a total of 33 analysts covering the company, with only two holds and no analysts rating it as a sell. Eleven out of 33 analysts now rate Schlumberger a strong buy up from nine analysts a month ago. The stock appreciated 14.3% in the last year and the average analyst target price for Schlumberger is $88.42. Based on technical analyst Schlumberger has important attributes. The 200-day moving average is climbing. This stock currently has an annualized dividend of $1.075, yielding 1.51%. Short sellers are not interested in betting against this energy company. Short interest is a nonfactor at a rate of 1% of the float.
SLB Revenue Quarterly data by YChartsSelect the service that is right for you!
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