|Bid||45.60 x 1300|
|Ask||45.68 x 1000|
|Day's Range||45.51 - 48.88|
|52 Week Range||34.99 - 75.43|
|Beta (3Y Monthly)||1.69|
|PE Ratio (TTM)||31.42|
|Earnings Date||Apr 18, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||2.00 (4.59%)|
|1y Target Est||53.46|
Danaher, Honeywell, Schlumberger and an earnings parade moved the markets today. TheStreet's Jim Cramer breaks down what it all means for investors.
Schlumberger earnings were in line with analyst estimates but the oilfield service provider warned that North American activity will be weaker in 2019.
Schlumberger (NYSE:SLB) posted its latest quarterly earnings results late on Thursday, bringing in mixed results that sent SLB stock sliding as profit topped expectations, but fell year-over-year.For its first quarter of 2019, the Houston, Texas-based oilfield services business announced net income of $421 million, dropping more than $100 million from the $525 million it amassed during the year-ago quarter. Earnings tallied up to 30 cents per share, meeting the Wall Street guidance, according to data compiled by Refinitiv.Schlumberger added that its revenue for the first three months of the fiscal year reached $7.88 billion, topping the $7.81 billion revenue outlook that Refinitiv called for. The company's cash flow from operations declined from $568 million in the year-ago quarter to now reach $326 million.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company added that it sees a 7% to 8% gain in investments by oil producers in markets outside of North America, noting a 20% increase last quarter in offshore rig counts, as well as growing exploration activity in Latin America, Asia and Africa. Schlumberger had previously provided a guidance of high single-digit percentage growth in international markets, as well as a 10% slide year-over-year in North America customer spending.U.S. oil producers have not been as gung-ho about spending as in the past even though U.S. oil production has reached record numbers, while crude oil prices are recovering. This is linked to such businesses focusing on earnings growth to appease shareholders.SLB stock is down about 3.7% on Friday. More From InvestorPlace * 5 Dividend Stocks Perfect for Retirees * 10 S&P 500 Stocks to Buy Off Their Lows * 7 Stocks to Buy for Spring Season Growth Compare Brokers The post Schlumberger Earnings: Why SLB Stock Is Slumping Today appeared first on InvestorPlace.
Schlumberger’s Q1 Earnings Meet Analyst Estimates(Continued from Prior Part)Schlumberger in 2019 Schlumberger (SLB) has risen 31% so far in 2019. The stock has outperformed peers Halliburton (HAL), National Oilwell Varco (NOV), and Baker Hughes
Schlumberger's net income for the first quarter was $421 million, or 30 cents a share, vs. $525 million, or 38 cents a share, in the year-earlier period. Revenue from the company's North American operations slipped to $2.7 billion from $2.8 billion a year ago. International revenue was $5 billion vs. $5.2 billion.
Schlumberger’s Q1 Earnings Meet Analyst EstimatesEPS fell 21% Schlumberger (SLB) reported its first-quarter results today. The company reported EPS of $0.3, which met analysts’ consensus estimates. The EPS fell 21% YoY. “First-quarter revenue
"The return of international growth, and in particular the return of offshore activity and exploration, is what we have been waiting for," Chief Executive Officer Paal Kibsgaard told analysts and investors Thursday on a conference call. Schlumberger’s business outside of U.S. and Canada is where the company generates most of its revenue, and it’s forecasting single-digit growth for 2019, with explorers slated to boost spending as much as 8 percent.
The oilfield services sector bellwether said it expects a 7 to 8 percent increase in investments by oil producers in markets outside North America, citing a 20 percent increase last quarter in offshore rig counts and growing exploration activity in Latin America, Africa and Asia.
Investment in the US shale oil industry continues to fall, production growth is slowing and the balance of spending is shifting to other parts of the world, the oilfield services group Schlumberger has said. Paal Kibsgaard, chief executive, said he “the higher cost of capital, lower borrowing capacity, and investors looking for increased returns” in the US shale industry would mean that exploration and production companies would have to limit spending on new wells to what they could cover from their cash flows, cutting total expenditure by about 10 per cent. In the rest of the world, however, investment is picking up, and is expected to rise by about 7-8 per cent this year, the company thinks.
French oil giant Schlumberger Ltd. said Thursday it had net income of $421 million, or 30 cents a share, in the first quarter, down from $525 million, or 38 cents a share, in the year-earlier period. Adjusted per-share earnings also came to 30 cents, matching the FactSet consensus. Revenue edged up to $7.879 billion from $7.829 billion, ahead of the $7.810 billion FactSet consensus. But net income and revenue were lower than the prior quarter, "reflecting the expected reduction in North America land activity and seasonally lower international activity in the Northern Hemisphere," the company said in a statement. "In addition, reduced software, product, and multiclient seismic license sales following the fourth-quarter increase and lower Cameron long-cycle project deliveries contributed to the sequential decline." In North America, revenue was 3% lower than the fourth quarter, driven by softer pricing and lower activity for hydraulic fracturing and drilling-related businesses, it said. "From a macro perspective, we expect the oil market sentiments to steadily improve over the course of 2019, supported by a solid demand outlook combined with the OPEC and Russia production cuts taking full effect, slowing shale oil production growth in North America, and a further weakening of the international production base as the impact of four years of underinvestment becomes increasingly evident," the company said. Shares fell 1.3% premarket and are down 32.6% in the last 12 months, while the S&P 500 has gained 7.1%.
On a per-share basis, the The Hague, Netherlands-based company said it had profit of 30 cents. The results met Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment ...
PARIS-- -- Worldwide revenue of $7.9 billion decreased 4% sequentially, but increased 1% year-on-year International revenue of $5.0 billion decreased 5% sequentially, but increased 3% year-on-year North America revenue of $2.7 billion decreased 3% sequentially and 3% year-on-year Pretax operating income of $908 million decreased 6% sequentially and 7% year-on-year EPS was $0.30 Cash flow from operations ...
Schlumberger (SLB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Conservative spending by explorers and producers is likely to hurt demand for oil service firms despite favorable Q1 crude price.
Transition to a more disciplined capital spending approach within the exploration and production space is expected to weigh on Halliburton's (HAL) Q1 results.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we'll look at ROE to...
Has Oil Lost Its Uptrend?(Continued from Prior Part)Oil rig count Last week, the oil rig count rose by two to 833—just 17 more rigs than the lowest level since April 13, 2018. The rig count tends to follow US crude oil prices with a three to
Traders weren't nearly as stoked about stocks on Monday as they were on Friday. In fact, the S&P 500 fell just a hair yesterday, never even really threatening to eclipse record-high levels met in September of last year.Goldman Sachs (NYSE:GS) was a key driver of the slight loss. Shares of the investment bank fell 3.8% following a lackluster first-quarter report. Nokia (NYSE:NOK) lost more ground, though, falling a little more than 5% after Goldman downgraded the tech company on concerns it would struggle to keep up with its competition.At the other end of the spectrum, Bio-Path Holdings (NASDAQ:BPTH) made a huge 33% gain on news that it was not going to go through a secondary offering right now after all. With the prospect of dilution off the table for at least a while, current owners celebrated. There just weren't enough names like Bio-Path to keep the market out of the red. Bullish breadth and depth were easily outpaced by bearish breadth and depth.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHeaded into Tuesday's trading, the stock charts of Hanesbrands (NYSE:HBI), Omnicom Group (NYSE:OMC) and Schlumberger Limited (NYSE:SLB) are shaping up as your best bets, with budding trends that look like they're going to take shape with or without the market's help. Schlumberger Limited (SLB)The past several years have been tough ones for all oil stocks, but have been especially miserable for Schlumberger and its shareholders. Not only did SLB stock lose more ground than the average energy name between 2014 and late last year, oil's rebound since late last year hasn't lifted Schlumberger as much as it has lifted other stocks in the same sector. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot That may be about to change this week though, at least in a modest way. Thanks to yesterday's solid 1.64% gain, SLB is toying with a move to new multiweek highs, and there's plenty of room to run before hitting another resistance level. Click to Enlarge • The upper of the two technical ceilings, plotted in white on the daily chart, is at $46.25. SLB punched through that level where it had peaked a couple of time on yesterday's strength.• While not convincingly so just yet, Monday's high-volume rally after last week's high volume advance says there are some major buyers testing the waters.• Should the breakout effort take hold, the next most likely upside target is between $60 and $65. That's where a Fibonacci retracement line awaits, and where major support has been defined with a red dashed line. Omnicom Group (OMC)Just a few months ago, Omnicom Group shares were teetering on a key breakdown. A technical floor around $65, plotted in white on both stock charts, was still intact, but repeatedly under pressure. On the cusp of completing a head-and-shoulders pattern, OMC was anything but a buy.A great deal has changed in the meantime. Not only has Omnicom pushed up and off of that support level, shares are knocking on the door of a fairly important technical ceiling. A little more of the same could unleash a concerted buying effort. Click to Enlarge • The technical ceiling is at just above $78, plotted in red on both stock charts. That level has been where shares have peaked several times since July.• While not yet above $78, we're seeing more bullish volume than bearish. The broad (albeit volatile) rise of the Chaikin line on the weekly chart is telling, but yesterday's high-volume gain further says there are would-be buyers waiting in the wings.• Although not over the hurdle yet, should that happen, the next plausible ceiling is the late-2016 peak around $89, plotted in yellow on the weekly chart. Hanesbrands (HBI)Hanesbrands shares have been anything but a picture of consistency since 2015, but there has been a method to the madness. It has been decidedly net-bearish, but more than that, the downtrend has been decidedly well-framed. That downtrend is marked on the weekly chart with dashed white lines.That may be about to change though. As of last week and into this week, the upper boundary of the long-term channel is being pressured. One or two more good days could do the trick and spur a wave of pent-up buying. Click to Enlarge • If HBI stock can move above the long-standing resistance line, the most plausible target is around $22.50, plotted with a yellow dashed line on both stock charts. That area was an oddly horizontal ceiling in June and July of last year.• If this is all just an effort to close the gap left behind in July of last year, bear in mind there's still a gap from February. Even a firm breakout thrust could still eventually be pressured to unwind.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 3 Big Stock Charts for Tuesday: Hanesbrands, Omnicom Group and Schlumberger appeared first on InvestorPlace.