Schlumberger Announces Full-Year and Fourth-Quarter 2018 Results
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January 18, 2019 1:29 PM EST
RBC Capital analyst Kurt Hallead lowered the price target on Schlumberger (NYSE: SLB) to $58.00 (from $63.00) while maintaining a Outperform rating.
Hallead said "bad news is now good news." They believe SLB is fundamentally well positioned to outperform headed into 2019.
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January 18, 2019 7:02 AM EST
Schlumberger Ltd. (NYSE: SLB) reported Q4 EPS of $0.36, in-line with the analyst estimate of $0.36. Revenue for the quarter came in at $8.2 billion versus the consensus estimate of $8.03 billion.
Fourth-quarter revenue of $8.2 billion decreased 4% sequentiallyFourth-quarter GAAP EPS, including charges & credits, was $0.39Fourth-quarter EPS, excluding charges & credits, of $0.36 decreased 22% sequentiallyFourth-quarter cash flow from operations and free cash flow were $2.3 billion and $1.4 billion, respectivelyQuarterly cash dividend of $0.50 per share was approved
Schlumberger Chairman and CEO Paal Kibsgaard commented, Full-year 2018 revenue of $32.8 billion increased 8% year-on-year and grew for the second successive... More
