Its CEO KIBSGAARD PAAL sold 32,857 company shares for $2628000.56, in a transaction on 2016-06-09. Following the sale, the chief executive officer now owns 170,000 shares in the company, valued at approximately $13,600,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. SLB Director Olayan Lubna S. also Purchased 1,500 shares, at a stock price of $77.07. The disclosure for this purchase can be found here.
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What affected Schlumberger’s reported earnings in 2Q16? .
Still, Halliburton continued to pare its ranks in the second quarter. Finally, Jefferies Group reiterated a “hold” rating and set a $85.00 price objective (up from $80.00) on shares of Schlumberger NV in a research note on Monday, July 11th. Zacks Investment Research upgraded Schlumberger NV from a “strong sell” rating to a “hold” rating in a report on Friday, April 8th.
Several institutional investors recently modified their holdings of the company. The company also took a $1.9 billion, non-cash impairment charge and recognized $335 million in merger and integration charges related to its acquisition of Cameron. The stock was bought at an average price of $77.07 per share, with a total value of $115,605.00.
On the flip side, world’s leading OFS company, Schlumberger’s adjusted net income for the quarter clocked in at $316 million, outperforming analysts’ expectation of $296 million or by 6.64%.
Other Hedge Funds, Including, Graybill Bartz Assoc Ltd reduced its stake in SLB by selling 1,240 shares or 2.64% in the most recent quarter. North Star Investment Management Corp. boosted its position in shares of Schlumberger NV by 23.6% in the second quarter. The short interest to Schlumberger Limited’s float is 1.11%. Performance week shows a value of 2.15%, and the Performance for the Month is valued at 4.40%.
“The heart of what both Schlumberger and Halliburton are trying to message to their customer base is the severity of this downturn”. Matterhorn Capital Management LLC now owns 52,945 shares of the company’s stock worth $3,693,000 after buying an additional 16,131 shares in the last quarter. The shares closed last trade at $80.02, implying that analysts see shares rising about 10.01 per cent in 12 months’ time. The stock has a market cap of $100.21 billion and a PE ratio of 63.26. The company’s 50 day moving average price is $78.08 and its 200-day moving average price is $74.03. Schlumberger NV has a one year low of $59.60 and a one year high of $86.61.
Schlumberger reported an unexpected second-quarter loss of $2.16 billion, or $1.56 cents a share, compared with a profit of $1.12 billion, or 88 cents, a year earlier, according to a statement Thursday. Earnings per share (EPS) amounted to $0.23 in the quarter, down from $0.88 per share a year ago and $0.4 per share in the previous quarter.
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Analysts polled by Thomson Reuters expected per-share profit of 21 cents and revenue of $7.13 billion. While revenue estimates for the current year is 28.33B, setting the highest revenues estimates of 29.84B and indicating lowest revenues at 27.09B according to agreement of 31 number of analysts.
