SLB - Schlumberger Limited
38.37 0.00 (0.00%)
After hours: 6:51PM EST
| Previous Close | 38.78 |
| Open | 39.01 |
| Bid | 38.39 x 4000 |
| Ask | 38.30 x 2900 |
| Day's Range | 38.18 - 39.97 |
| 52 Week Range | 30.65 - 48.88 |
| Volume | 16,923,899 |
| Avg. Volume | 10,954,617 |
| Market Cap | 53.119B |
| Beta (5Y Monthly) | 1.58 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -7.18 |
| Earnings Date | Apr 15, 2020 - Apr 19, 2020 |
| Forward Dividend & Yield | 2.00 (4.98%) |
| Ex-Dividend Date | Dec 01, 2019 |
| 1y Target Est | 42.60 |
- Bloomberg
Oil Falls for Second Week as Ample Supply Offsets Trade Hopes
(Bloomberg) -- Oil declined for the second week as signs that supplies remain plentiful offset optimism over the signing of the U.S.-China trade agreement.Futures in New York were little changed Friday but ended the week 0.9% lower. Refiners have turned a crude surplus into a product surplus with U.S. gasoline and distillate stocks expanding by over 40 million barrels during the last three weeks. The build overshadowed Beijing’s commitment to spending $52.4 billion in additional purchases of American energy in the next two years as part the phase-one trade deal between the world’s biggest economies.“There is a positive vibe after the trade deal, but the fact is we are so oversupplied it’s going to be difficult to get the market up past $60,” said Bob Yawger, futures director at Mizuho Securities USA LLC in New York.Before the landmark U.S.-China accord was signed, prices reached a six-week low Wednesday after U.S. government data showed petroleum inventories in the country expanded to the highest levels since September. Supplies at the critical Cushing, Oklahoma, commercial storage hub rose for the first time in 10 weeks. American crude production continues to set new records, reaching 13 million barrels a day earlier this month.Oil drilling rose for the first time in four weeks, led by the Permian Basin, indicating that oil supplies are poised for more gains in the near term.West Texas Intermediate futures for February delivery settled up 2 cents at $58.54 a barrel on the New York Mercantile Exchange.Brent for March settlement rose 23 cents to $64.85 on the ICE Futures Europe exchange in London after climbing 1% on Thursday. That put its premium over WTI for the same month at $6.27 a barrel.The market may have to contend with another week of inventory builds as fog on the U.S. Gulf Coast has intermittently suspended marine traffic and slowed exports, according to Andy Lipow, president of Lipow Oil Associates LLC in Houston.The International Energy Agency noted on Thursday that global markets have a “solid base” of inventories and climbing supplies from outside the OPEC cartel, even as elevated tensions in the Middle East endanger production from Iraq and elsewhere.(A previous version corrected the timeframe of the stock build in the second paragraph.)\--With assistance from James Thornhill, Elizabeth Low, Grant Smith and Jackie Davalos.To contact the reporter on this story: Sheela Tobben in New York at vtobben@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Catherine Traywick, Mike JeffersFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters
US STOCKS-Wall Street hits new highs in strongest week since August
Analysts expect earnings at S&P 500 companies to drop 0.8% in the fourth quarter, but forecast a 5.8% rise in the first quarter of 2020, according to Refinitiv IBES data. Billionaire David Tepper, who founded hedge fund Appaloosa Management, told CNBC that he remains bullish on U.S. equities. The Dow Jones Industrial Average rose 0.17% to end at 29,348.1 points, while the S&P 500 gained 0.39% to 3,329.62.
- MarketWatch
Stocks close at record highs again as rally rolls on into new year
U.S. stocks closed higher again Friday, ending the week at new record highs, helped by more data suggesting the economy and corporate profits are in good health, following at least a partial resolution of the U.S. - China trade dispute and the passage of the U.S., Mexico, Canada trade deal by Congress.
- Benzinga
PreMarket Prep Recap: Monthly Options Expiration Volatility, Gap Cancels Old Navy Spin Off
One aspect of our show that distinguishes us from any other premarket coverage is our focus on opening imbalances for stocks listed on the New York Stock Exchange. The reason: these imbalances will dictate the opening price of these issues and can be especially influential on days of monthly or quadruple witch expirations. Monthly options expiration takes place on the third Friday of the month and quadruple expirations occur quarterly (March, June, September and December).
- American City Business Journals
Schlumberger's North America revenue down in 2019 as customers feel the squeeze
Schlumberger Ltd. (NYSE: SLB) reported a total 2019 revenue of $32.92 billion, basically flat with the prior year, according to its fourth-quarter and full-year 2019 financial report. Schlumberger offers oil field services to exploration and production companies, but U.S. onshore oil and gas producers have faced tightening pressure from low oil prices and shifting investor expectations. “After two years of strong growth, North American revenue fell sharply,” CEO Olivier Le Peuch said in a press release on the results.
- Oilprice.com
The Single Biggest Factor In Oil This Week
China has been the key oil price driver this week, with phase one of the trade deal driving prices higher before worrying economic data from the country dragged prices lower
- Reuters
US STOCKS-Wall Street strikes new high as housing data fuels optimism
Analysts expect earnings at S&P 500 companies to drop 0.8% in the fourth quarter, but forecast a 5.8% rise in the first quarter of 2020, according to Refinitiv IBES data. Billionaire David Tepper, who founded hedge fund Appaloosa Management, told CNBC that he remains bullish on U.S. equities. At 2:42 p.m. ET, the Dow Jones Industrial Average was up 0.08% at 29,321 points, while the S&P 500 gained 0.22% to 3,323.95.
- Reuters
US STOCKS-Wall Street hits new high as data boosts growth outlook
The S&P 500 gained 0.21% to 3,323.61 and the Nasdaq Composite was up 0.05% at 9,362.01. Declining issues outnumbered advancers for a 1.06-to-1 ratio on the Nasdaq. The S&P index recorded 122 new 52-week highs and no new lows, while the Nasdaq recorded 186 new highs and nine new lows.
- Reuters
US STOCKS-Wall St at record levels after strong U.S., China data
"Housing reports have come out quite positive, the job growth continues to be healthy and all the worries we had about a recession seem to have passed," said Brad McMillan, chief investment officer for Commonwealth Financial Network, an independent broker-dealer. Declining issues outnumbered advancers for a 1.12-to-1 ratio on the Nasdaq.
- Zacks
Schlumberger (SLB) Q4 Earnings & Revenues Beat Estimates
Improved OneSubsea revenues from the international market aid Schlumberger (SLB) in Q4 earnings.
- Reuters
US STOCKS-Strong data, earnings drive Wall Street to new highs
U.S. stock indexes edged higher to hit fresh record highs on Friday on optimism over corporate earnings, economic data and indications of resilience in a Chinese economy battered by a prolonged trade war with the United States. "There's a lot of enthusiasm out there and it is a combination of earnings and strong data that is supporting the market," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
- Barrons.com
Schlumberger Stock Is Rising on Strong Earnings. The CEO Sees a Floor for Oil Prices.
Fourth-quarter earnings at the oil-services firm topped expectations, and CEO Olivier Le Peuch said more geopolitical risk “should set the floor for the oil price going forward.”
- Reuters
US STOCKS-Wall Street set for new highs on strong data, earnings
U.S. stock indexes were set to scale fresh record highs on Friday, on optimism over corporate earnings, fresh economic data and indications of resilience in a Chinese economy battered by a prolonged trade war with the United States. The three main stock indexes closed at record highs on Thursday, with the S&P 500 surging past the 3,300-mark for the first time, also boosted by a rally in technology stocks and strong U.S. retail sales data.
- Zacks
TechnipFMC Retains Spin-Off Date, Expects to Boost Prospects
TechnipFMC's (FTI) move to split into two entities is seen as a strategic effort to explore different markets and enrich potential benefits.
- Zacks
Schlumberger (SLB) Q4 Earnings and Revenues Top Estimates
Schlumberger (SLB) delivered earnings and revenue surprises of 5.41% and 0.49%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- Reuters
REFILE-US STOCKS-China data boosts Wall Street futures to new record highs
U.S. stock index futures hit new all-time highs on Friday, with investor optimism bolstered by an upbeat set of U.S. corporate earnings reports and indications of resilience in the Chinese economy. Optimism over a Phase 1 U.S.-China trade deal signed on Wednesday and recent upbeat data have raised hopes that the global economy may be picking up.
- MarketWatch
Schlumberger's stock surges after profit and revenue beat expectations
Shares of Schlumberger Ltd. rallied 1.7% in premarket trading Friday, after the oil services company reported fourth-quarter profit and revenue that exceeded expectations. Net income fell to $333 million, or 24 cents a share, from $538 million, or 39 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 39 cents, above the FactSet consensus of 37 cents. Revenue rose to $8.32 billion from $8.18 billion, beating the FactSet consensus of $8.16 billion, as revenue from its reservoir characterization, drilling, production and Cameron business segments all topped expectations. Free cash flow was $1.5 billion for the quarter and $2.7 billion for the year. "After a strong free cash flow performance in the second half of 2019, we are confident in our ability to further improve cash flow generation in 2020," said Chief Executive Olivier Le Peuch. The stock has run up 21.6% over the past three months through Thursday, while the VanEck Vectors Oil Services ETF has gained 13.9% and the S&P 500 has advanced 10.6%.
- Business Wire
Schlumberger Announces Full-Year and Fourth-Quarter 2019 Results
Schlumberger Limited (NYSE: SLB) today reported results for full-year 2019 and the fourth quarter of 2019.
- TheStreet.com
Schlumberger Investor Patience Will Pay Off
North American activity remains lackluster, but Schlumberger has been doing a good job of playing defense. Patient investors may be rewarded in the longer term while collecting rich dividend payments.
- TheStreet.com
Schlumberger Tops Q4 Profit Forecast, Sees Improving Oil Demand in 2020
Schlumberger said Friday that the recently-signed U.S.-China trade deal, as well as rising geopolitical tensions, would likely set a floor for oil prices in 2020 and lift near-term demand.
