Schlumberger Ltd. Q3 Income Drops 49%

Schlumberger Limited. (NYSE:SLB) had its target price upped by Susquehanna from $85.00 to $88.00 in a research report sent to investors on Friday morning, StockTargetPrices.com reports.

The share price of Halliburton Company (NYSE:HAL) was up 0.68% from the previous closing rate.

Shares of Schlumberger Limited. We remain focused on managing our cost base, and are further accelerating our transformation program to help offset the impact of lower service pricing.

The company holds a decent record in beating analysts’ EPS expectations. Morgan Stanley decreased price target from $125 to $120. On the date of report, the stock closed at $72.87. The $96.75 average target is 29.07% above today’s ($74.96) stock price.

Prices for West Texas Intermediate, the US benchmark crude, fell Thursday to $46.38 a barrel, capping the longest streak of declines since July. The stock has a consensus Strong Buy rating, according to Zacks Investment Research. They now have a $90.00 price target on the stock. On a consensus basis this yields to an Overweight rating. It has increased by 4% from the same period of last month.

8/22/2015 – Schlumberger Limited. had its “buy” rating reaffirmed by analysts at Evercore ISI. The stock’s 52-week range is $66.57 to $100.54. (NYSE:SLB) opened at 75.01 on Thursday.

The average estimate among 81 Estimize users was for earnings of $0.78 per share and revenue of $8.59 billion.

The stock has a 50 day moving average of $73.48 and a 200 day moving average of $83.99.

Schlumberger Limited. (NYSE:SLB) is all set to disclose its third quarter of fiscal year 2015 (3QFY15) financial results, after the markets close on Wednesday. Analysts see a 76.5% drop in EPS to 28 cents and a 35.1% drop in revenue to $5.65 billion. The earnings beat by 1 cent the average of 37 analysts’ estimates compiled by Bloomberg. On average, analysts predict that Schlumberger Limited. will post $3.47 EPS for the current year.

During the quarter, the company repurchased 6.9 million shares of its common stock for a total purchase price of $545 million. Following the purchase, the director now directly owns 7,500 shares of the company’s stock, valued at approximately $541,800. Also, Director Lubna S. Olayan acquired 5,000 shares of the company’s stock in a transaction on Tuesday, July 21st. The disclosure for this purchase can be found here.

Schlumberger N.V.is a supplier of technology, integrated project management and information solutions to the worldwide oil and gas exploration and production business. The Company operates in the oilfield service markets through three Groups, which include Reservoir Characterization Group, which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling Group, which consists of the principal technologies involved in the drilling and positioning of oil and gas wells, and Production Group, which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services, Completions, Artificial Lift, Well Intervention, Water Services and the Schlumberger Production Management field production projects.