Mercredi, 26 Avril 2017
Latest news
Main » Schlumberger posts first revenue rise in 9 quarters as drilling recovers

Schlumberger posts first revenue rise in 9 quarters as drilling recovers

21 Avril 2017

Schlumberger Limited. The business had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.10 billion. 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.

Shares traded down about 0.5% in Friday's premarket at $76.28.

During the first quarter, Schlumberger repurchased 4.7 million shares of stock at an average price of $78.97 per share for a total cost of $372 million.

Still, slower global business weighed on profits compared to the first quarter a year ago.

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. Shareholders of record on Wednesday, February 15th were issued a dividend of $0.50 per share.

Hollywood Breaks Into Mourning Comedian Don Rickles Death
Now, however, the comedy world is just a little less amusing , as Don Rickles died today of complications due to kidney failure. Don's performance on the show skyrocketed him to success and launched his career in Las Vegas, Reno and Lake Tahoe.

As the recovery builds momentum, industry cash flow and productivity remain under pressure and limit the industry's ability to increase present levels of E&P investment. The ex-dividend date of this dividend was Monday, February 13th. Schlumberger Limited. now has an average rating of Buy and an average target price of $95.83. Credit Suisse Group AG upped their target price on shares of Schlumberger Limited. from $94.00 to $95.00 and gave the stock an "outperform" rating in a research note on Monday, January 23rd.

In related news, Director Tore I. Sandvold sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, March 1st. Following the transaction, the director now directly owns 7,750 shares in the company, valued at $631,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Webster Bank N.A. now owns 47,942 shares of the oil and gas company's stock worth $3,770,000 after buying an additional 575 shares during the last quarter.

On a per-share basis, The Hague, Netherlands-based company said it had a profit of 20 cents. Since reporting fourth-quarter results in January, Schlumberger stock has lost just more than $10 per share.

WABCO Holdings Inc. (NYSE:WBC) revealed an EPS of $1.47 for the first quarter that is ahead of the estimates by four cents. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Schlumberger posts first revenue rise in 9 quarters as drilling recovers