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Company Update: Schlumberger Limited (NYSE:SLB) – Schlumberger-Cameron Merger Receives Chinese Antitrust Approval

[PR Newswire] – Schlumberger Limited is the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide. Employing more than 95,000 people representing over 140 nationalities and working in more than 85 countries, Schlumberger Limited provides the industry’s widest range of products and services from exploration through production. Schlumberger Limited has principal offices in Paris, Houston, London and The Hague, and reported revenues of $35.47 billion in 2015. Read more on this. Schlumberger Limited (SLB) , currently valued at $90.96B, started trading this morning at $71.91. A quick look at the market, the company’s stock traded between $71.50 and $72.66 with a one year range of $59.60 to $95.13. Schlumberger (SLB) shares are currently priced at 40.10x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 0.87x earnings multiple for the same period. And for income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 2.72%. According to a consensus of 34 analysts, the earnings estimate of $0.45 per share would be $0.61 worse than the year-ago quarter and a $0.14 sequential decrease. The full-year EPS estimate is $1.81 which would be a $1.56 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.80 Billion. If realized, that would be a 33.66% decrease over the year-ago quarter. Recently, DA Davidson Initiated SLB at Buy (Feb 19, 2016). Previously, Citigroup upgraded SLB from Neutral to Buy. Investors should keep in mind is that the average price target is $82.69, which is 14.99% above where the stock opened this morning. See more in (NYSE:SLB) Similar Articles: Market Update (NYSE:SLB): EU clears acquisition of Cameron by Schlumberger Market Update (NYSE:SLB): Schlumberger Announces Full-Year and Fourth-Quarter 2015 Results Company Update: ACE Limited (NYSE:ACE) – ACE Receives All Regulatory Approvals Needed to Close Acquisition of Chubb
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