The Research Analysts' Weekly Ratings Updates for Schlumberger Limited. (SLB)

Reuters

Analysts are looking for an EPS of $5.89 and revenue of $2.93 billion. After a recent check, company stock has been trading near the $76.86 mark.

HSBC Securities Initiated its coverage for Schlumberger Limited (SLB) in a note sent to investors on 19-Apr-17. The recommendation scale measures the value from 1 to 5, where 1 means "Strong Buy" and 5 stands for "Sell".

Houston, TX-based Schlumberger Limited (SLB - Free Report) is a leading oilfield services company, providing technology, project management and information services to the global oil and gas industry. WealthTrust Arizona LLC now owns 1,429 shares of the oil and gas company's stock worth $112,000 after buying an additional 74 shares during the last quarter. Mcdaniel Terry has invested 3.32% in Schlumberger Limited.

On that front, while the recent consensus between OPEC and Russian Federation to cut production may not have that much impact on Q1 results, it can adversely affect SLB's outlook, a more powerful driver of the stock prices than earnings. Its provision for credit losses increased 18 million from the fourth quarter.

Schlumberger, which generates most of its revenue overseas, has been more cautious about jumping back into USA fracking than peers like Halliburton have been, so any guidance from management on how aggressively it will pursue the shale surge will be key. (NYSE:SLB) on Monday, January 25 with "Focus Stock" rating. During the same quarter in the previous year, the company posted $0.40 earnings per share. State of Alaska Department of Revenue purchased a new stake in Schlumberger Limited. during the first quarter valued at approximately $239,000. The average estimate of 15 analysts surveyed by Zacks Investment Research was also for earnings of 25 cents per share. First-quarter results also compare to the consensus estimates for EPS of $0.25 on revenues of $6.99 billion. If you are reading this news story on another website, it was illegally copied and reposted in violation of worldwide copyright & trademark laws. This represents a $2.00 dividend on an annualized basis and a yield of 2.61%.

Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. For the last period, the company reported quarter over quarter EPS growth of 81.80% and quarter over quarter sales growth of -8.00%. The stock plunged -11.72 percent over the past quarter, while declined -4.86 percent over the past six months.

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the gas and oil industry. The Company's divisions include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. Institutional investors and hedge funds own 78.66% of the company's stock. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

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