Schlumberger (SLB) earnings in-line, revenue beats expectations

SLB (SLB) PT Lowered to $62 at BofA Securities

BofA Securities analyst Chase Mulvehill lowered the price target on SLB (NYSE: SLB) to $62.00 (from $63.00) while maintaining a Buy rating.

The analyst comments "Were tweaking our 2024E / 25E Adj. EBITDA by -1% to $9.25 / $10.33bn to allow for 1) modestly weaker NAM in 2024E, and 2)... More

SLB (SLB) PT Lowered to $64 at BMO Capital

BMO Capital analyst Philip Jungwirth lowered the price target on SLB (NYSE: SLB) to $64.00 (from $66.00) while maintaining a Outperform rating.

The analyst comments "We viewed SLB's 1Q24 results as in line, while 2Q24 guidance implies ~$0.82-0.84 EPS, near consensus. While a quarterly... More

SLB (SLB) PT Lowered to $64 at JPMorgan

JPMorgan analyst Arun Jayaram lowered the price target on SLB (NYSE: SLB) to $64.00 (from $65.00) while maintaining a Overweight rating.

The analyst comments "SLBs 1Q24 results and 2Q24 guide generally matched consensus expectations yet the shares slid 2.1%, lagging its OSX and Large Cap OFS peers by 287bps and 332bps, respectively. We think the culprit was the slight EBITDA margin miss (23.6% vs. JPMe of 23.7%) as D&I and Well Construction margins were light. In particular, we sensed buyside disappointment on D&I... More

SLB (SLB) PT Lowered to $65 at Citi

Citi analyst Scott Gruber lowered the price target on SLB (NYSE: SLB) to $65.00 (from $70.00) while maintaining a Buy rating.

The analyst comments "SLB slumped on Friday due to a disbelief that full year guidance was still reasonable, despite management reiterating their mid-teens EBITDA... More

Schlumberger (SLB) Declares $0.275 Quarterly Dividend; 2.2% Yield

Schlumberger (NYSE: SLB) declared a quarterly dividend of $0.275 per share, or $1.1 annualized.

The dividend will be payable on July 11, 2024, to stockholders of record on June 5, 2024, with an ex-dividend date of June 4, 2024.

The annual yield on the dividend is 2.2 percent.

For a dividend... More

Schlumberger Ltd. (SLB) Reports In-Line Q1 EPS

Schlumberger Ltd. (NYSE: SLB) reported Q1 EPS of $0.75, in-line with the analyst estimate of $0.75. Revenue for the quarter came in at $8.71 billion versus the consensus estimate of $8.7 billion.

Targeting to Return $7 Billion to Shareholders Over 20242025

For earnings history and earnings-related data on Schlumberger Ltd. (SLB) click here.

Netflix subscribers, oil prices, Bitcoin volatility - what's moving markets

Investing.com -- Wall Street looks set to open lower after the reported Israeli strikes of Iran his risk appetite, and prompted volatile trading in both the crude and cryptocurrency markets. Netflix will be in the spotlight after the streaming giant announced it would e stopping the reporting of quarterly membership numbers. 

1. Netflix slumps despite blockbuster subscriber growth 

Netflix (NASDAQ: NFLX) delivered impressive new subscriber numbers in the first quarter after the close Thursday, soaring past expectations, but its stock still slumped amid concerns about future... More

Schlumberger (SLB) option IV elevated into quarter results and outlook

Schlumberger (NYSE: SLB) April call option implied volatility is at 79, May is at 31; compared to its 52-week range of 25 to 41 into the expected release of quarter results before the bell on April 19. Call put ratio 1 call to 1 put.

Schlumberger (SLB) April 51 straddle into quarter results

Schlumberger (NYSE: SLB) April 51 straddle priced for a move of 4% into the expected release of quarter results before the bell on April 19.

Schlumberger (SLB) call put ratio 2.1 calls to 1 put into quarter results

Schlumberger (NYSE: SLB) April call option implied volatility is at 58, May is at 32; compared to its 52-week range of 25 to 41 into the expected release of quarter results before the bell on April 19. Call put ratio 2.1 calls to 1 put.