Schlumberger Limited. The business had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.10 billion. Following the revenue miss, the stock is trading down in pre-market.
HSBC Securities Initiated its coverage for Schlumberger Limited (SLB) in a note sent to investors on 19-Apr-17. (NYSE:SLB), 23 have Buy rating, 1 Sell and 6 Hold. Over the past month the firm's stock is -2.77%, -11.72% for the last quarter, -4.86% for the past six-months and -3.29% for the a year ago. Mcdaniel Terry has invested 3.32% in Schlumberger Limited.
On a per-share basis, The Hague, Netherlands-based company said it had a profit of 20 cents. SRS Capital Advisors Inc. bought a new position in shares of Schlumberger Limited. during the fourth quarter worth about $101,000. Revenue, which grew 8.5 percent from the previous year period, also topped expectations of $719.65 million.
Schlumberger reported total revenue of $6,894 million. LLC increased its stake in Schlumberger Limited.by 4.4% in the first quarter.More news: Microsoft Confirms Six-Month Windows 10 Update Schedule
"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.
Schlumberger (SLB) met earnings forecasts Friday, revenue climbed for the first time in two years but still fell short, and management warned the industry's underinvestment is unsustainable. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Stockholders of record on Thursday, June 1st will be issued a dividend of $0.50 per share. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and global copyright & trademark laws. The relative volume (ratio between current volume and 3-month average) is presently sitting at 1.06. WealthTrust Arizona LLC boosted its position in shares of Schlumberger Limited.by 5.5% in the third quarter.
Schlumberger said production constraints imposed on its project in Ecuador also impacted its latest quarter results as it struggles to collect $1.1 billion from Ecuador's state-owned Petroamazonas. In the January to March quarter, the company repurchased 4.7 million shares.
Among recent awards, it noted a five-year contract signed with Qatar's RasGas - with optional five 1-year extensions - to provide a broad combination of drilling technologies for up to 70 wells in the North Field, the world's largest dry gas field, holding roughly 10% of the world's known reserves. The Company's segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources. Institutional investors and hedge funds own 78.66% of the company's stock.