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Stock Update (NYSE:SLB): Schlumberger Announces Second-Quarter 2016 Results Conference Call

[Business Wire] – Schlumberger Limited will hold a conference call on July 22, 2016 to discuss results for the second quarter ending June 30, 2016. Read more on this. Schlumberger Limited (SLB) , currently valued at $110.04B, opened this morning at $79.95. A quick look at the market, the company’s stock traded between $78.29 and $80.71 with its 52-week range being $59.60 to $94.89. Priced at 65.85x this year’s forecasted earnings, SLB shares are relatively expensive compared to the industry’s 3.39x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.00 per share annually in dividends, yielding 2.49%. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $0.24 per share, which would be $0.64 worse than the year-ago quarter and a $0.24 sequential decrease. Investors should also note that the full-year EPS estimate of $1.22 is a $2.15 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.09 Billion. If reported, that would be a 21.31% decrease over the year-ago quarter. Recently, Societe Generale downgraded SLB from Buy to Hold (Apr 28, 2016). Previously, Standpoint Research downgraded SLB from Buy to Hold. Investors should keep in mind is that the average price target is $87.41, which is 9.33% above where the stock opened this morning. See more in (NYSE:SLB) Similar Articles: Company Update: Schlumberger Limited (NYSE:SLB) – Algeria’s Sonatrach awards well contracts to Schlumberger and NOV Company Update: Schlumberger Limited (NYSE:SLB) – Schlumberger-Cameron Merger Receives Chinese Antitrust Approval Market Update (NYSE:SLB): Schlumberger Announces Full-Year and Fourth-Quarter 2015 Results
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