|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||74.25 - 77.18|
|52 Week Range||61.02 - 86.05|
|PE Ratio (TTM)||194.95|
|Earnings Date||Jan 18, 2018 - Jan 22, 2018|
|Forward Dividend & Yield||2.00 (2.59%)|
|1y Target Est||77.87|
Emerge Energy is up 23%, Smart Sand and Fairmont Santrol up more than 15% each as investors pile into miners of fracking sand.
The oilfield service giant reported adjusted earnings of 48 cents per share on revenue of $8.2 billion, which topped analysts' expectations.
Stocks closed higher on Friday even amid worries the federal government will be forced into a shutdown at midnight.
Schlumberger expects oil companies to start spending more again, while a top oil watchdog predicted U.S. oil production could surge past Saudi Arabia and Russia this year.
Schlumberger (SLB.N) on Friday posted a fourth quarter loss on charges but beat Wall Street forecasts and gave an upbeat outlook, predicting its international operations would grow in 2018 for the first time in four years. Schlumberger, the largest energy company so far to report results, is a bellwether for oilfield services and drilling. Its forecast for broad improvements this year on higher oil prices signals a stronger recovery for producers and service companies.
Shares of Schlumberger (SLB) are lower on Friday, despite its better -than-expected fourth-quarter earnings report. Schlumberger said it earned 48 cents a share, on revenue that rose 15.1% year over year, to $8.18 billion. Wells Fargo's Judson Bailey and his team reiterated an Outperform rating on the stock Friday, writing that the earnings beat looks "solid" but that it was mostly driven by lower depreciation.
Schlumberger on Friday posted a fourth quarter loss on charges but beat Wall Street forecasts and offered an upbeat outlook that included the first growth in its struggling international operations in four years. Schlumberger, the first major energy company to report this quarter, is a bellwether for oilfield services and drilling. Its forecast for broad improvements this year on higher oil prices signals a stronger recovery for producers and service companies.
Schlumberger stock is falling despite beating on earnings per share and revenue expectations. Don't miss the company's long-term positive catalysts, Jim Cramer said.
Stocks are mostly higher on Friday, as investors grow increasingly concerned the federal government will be forced into a shutdown at midnight.
Oilfield services giant Schlumberger reported profits and revenues that beat expectations for both the fourth quarter and the year. Investors were still not impressed.
The The Hague, Netherlands-based company said it had a loss of $1.63 per share. Earnings, adjusted for non-recurring costs, were 48 cents per share. The results beat Wall Street expectations. The average ...
Oilfield services provider Schlumberger Ltd on Friday posted a bigger quarterly loss than a year earlier as the company took charges of $2.7 billion for restructuring and a handful of other impairments. ...
Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. In the past 10 years Schlumberger Limited (NYSE:SLB) has returnedRead More...
By the time you read this, oil services outfit Schlumberger Limited. Today’s expected report come as oil prices have rallied 50% since June and the current WTI price just shy of $64 per barrel. Translation: The oil business is profitable again for most players.
Bank and industrial earnings will round out the week for investors, as markets also get a check on consumer confidence.