Market Update (NYSE:SLB): Schlumberger Announces Full-Year and Fourth-Quarter 2015 Results

[Business Wire] – HOUSTON–(BUSINESSWIRE)– Schlumberger Limited ( NYSE:SLB ) today reported results for full-year 2015 and the fourth quarter of 2015. Full-year results are shown in the table below. Full-Year … Read more on this. Schlumberger Limited (SLB) , valued at $77.49B, started the session at $61.21. Looking at the equity, the company’s one day range is $60.37 to $63.47 and has traded between $59.60 and $95.13 over the past year. SLB shares are currently priced at 18.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.54x forward p/e ratio. The company pays shareholders $2.00 per share annually in dividends, yielding 3.18%. In a review of the consensus earnings estimate this quarter, 36 sell-side analysts are looking at $0.63 per share, which would be $0.87 worse than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.34 is a $2.23 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.80 Billion. If reported, that would be a 38.29% decrease over the year-ago quarter. In terms of ratings, Citigroup upgraded SLB from Neutral to Buy (Sep 3, 2015). Previously, Standpoint Research upgraded SLB from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $86.28, which is 40.96% above where the stock opened this morning. See more in (NYSE:SLB) Similar Articles: Market Update: EOG Resources Inc (NYSE:EOG) – EOG Resources Announces Webcast of Fourth Quarter and Full Year 2015 Results Conference Call on February 26, 2016 Stock Update (NYSE:SLB): Schlumberger does not intend to extend agreement to buy stake in Eurasia Market Update: Schlumberger Limited (NYSE:SLB) – Russia may toughen requirements for Schlumberger’s bid for Eurasia Drilling – RIA