Energy
What to Expect From Schlumberger, Southwestern Energy Results
Published:
Last Updated:
After Thursday’s closing bell, two energy companies, one a producer and the other a services company, are scheduled to release quarterly results. One is tagged to post a smaller year-over-year loss and the other to report a smaller year-over-year gain.
Heavily traded natural gas producer Southwestern Energy Co. (NYSE: SWN) is forecast to post a net loss of $0.01, compared with a loss in the year-ago quarter of $0.02. Revenues are forecast to drop from $764 million to $519.68 million. The company’s shares have added nearly 75% to their price since the beginning of the year, primarily on expectations for an increase in natural gas prices.
Schlumberger Ltd. (NYSE: SLB) is the largest U.S.-traded oilfield services company, and analysts are looking for earnings per share of $0.21 and revenues of $7.13 billion. In the same quarter last year, the company reported earnings of $0.88 per share and $9.01 billion in revenue. Schlumberger has managed to post small earnings beats in each of the past three quarters, though, and probably has gotten a slight boost from Halliburton Co.’s (NYSE: HAL) results reported on Monday.
A few analysts have recently weighed in with price target increases on Southwestern:
Southwestern’s consensus price target is $12.36, although these recent changes may not yet be included. The stock’s 52-week range is $5.00 to $20.07.
There are no new price targets for Schlumberger, but analysts have reacted positively to Halliburton’s results. If Schlumberger can beat a pretty low bar and, as Halliburton did, say that the situation in the United States is getting better, then we should be seeing some similar boosts to Schlumberger’s targets.
Here’s how Halliburton stacks up now:
Schlumberger’s consensus price target is $88.03, and the stock closed at $80.60 on Wednesday. The 52-week range is $59.60 to $86.61.
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.