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NYSE:CLB

Core Laboratories (CLB) Stock Price, News & Analysis

$18.30
-0.06 (-0.33%)
(As of 09/18/2024 ET)

About Core Laboratories Stock (NYSE:CLB)

Key Stats

Today's Range
$18.03
$19.20
50-Day Range
$16.52
$24.53
52-Week Range
$13.82
$25.20
Volume
485,484 shs
Average Volume
448,048 shs
Market Capitalization
$858.27 million
P/E Ratio
20.80
Dividend Yield
0.22%
Price Target
$18.00
Consensus Rating
Reduce

Company Overview

Core Laboratories Inc. provides reservoir description and production enhancement services and products to the oil and gas industry in the United States, and internationally. It operates through Reservoir Description and Production Enhancement segments. The Reservoir Description segment includes the characterization of petroleum reservoir rock and reservoir fluid samples to enhance production and improve recovery of crude oil and gas from its clients' reservoirs. It offers laboratory-based analytical and field services to characterize properties of crude oil and oil delivered products; and proprietary and joint industry studies, as well as services that support carbon capture, utilization and storage, geothermal projects, and the evaluation and appraisal of mining activities. The Production Enhancement segment provides services and products relating to reservoir well completions, perforations, stimulations, production, and well abandonment. It offers integrated diagnostic services to evaluate and monitor the effectiveness of well completions and to develop solutions to improve the effectiveness of enhanced oil recovery projects. The company markets and sells its products through a combination of sales representatives, technical seminars, trade shows, and print advertising, as well as through distributors. Core Laboratories Inc. was founded in 1936 and is based in Houston, Texas.

Core Laboratories Stock Analysis - MarketRank™

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Overall MarketRank™: 55th Percentile

Core Laboratories scored higher than 55% of companies evaluated by MarketBeat, and ranked 178th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Core Laboratories has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Core Laboratories has only been the subject of 3 research reports in the past 90 days.

  • Read more about Core Laboratories' stock forecast and price target.
  • Earnings Growth

    Earnings for Core Laboratories are expected to grow by 47.50% in the coming year, from $0.80 to $1.18 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Core Laboratories is 20.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.82.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Core Laboratories is 20.80, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.33.

  • Price to Earnings Growth Ratio

    Core Laboratories has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Core Laboratories has a P/B Ratio of 3.72. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Core Laboratories' valuation and earnings.
  • Percentage of Shares Shorted

    16.05% of the float of Core Laboratories has been sold short.
  • Short Interest Ratio / Days to Cover

    Core Laboratories has a short interest ratio ("days to cover") of 16.1, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Core Laboratories has recently decreased by 5.93%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Core Laboratories has a dividend yield of 0.24%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Core Laboratories does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Core Laboratories is 4.55%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Core Laboratories will have a dividend payout ratio of 3.39% next year. This indicates that Core Laboratories will be able to sustain or increase its dividend.

  • Read more about Core Laboratories' dividend.
  • Percentage of Shares Shorted

    16.05% of the float of Core Laboratories has been sold short.
  • Short Interest Ratio / Days to Cover

    Core Laboratories has a short interest ratio ("days to cover") of 16.1, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Core Laboratories has recently decreased by 5.93%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Core Laboratories has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Core Laboratories this week, compared to 3 articles on an average week.
  • Search Interest

    3 people have searched for CLB on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Core Laboratories to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Core Laboratories insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 0.76% of the stock of Core Laboratories is held by insiders.

  • Percentage Held by Institutions

    97.81% of the stock of Core Laboratories is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Core Laboratories' insider trading history.
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CLB Stock News Headlines

Core Laboratories (NYSE:CLB) Shares Gap Up to $17.00
Core Laboratories (NYSE:CLB) Downgraded by StockNews.com to "Sell"
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Analysts Set Core Laboratories Inc. (NYSE:CLB) PT at $18.50
Core Laboratories Inc. (HJ1.F)
See More Headlines

CLB Stock Analysis - Frequently Asked Questions

Core Laboratories' stock was trading at $17.66 on January 1st, 2024. Since then, CLB shares have increased by 3.6% and is now trading at $18.30.
View the best growth stocks for 2024 here
.

Core Laboratories Inc. (NYSE:CLB) issued its quarterly earnings results on Wednesday, July, 24th. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm's quarterly revenue was up 2.1% compared to the same quarter last year.

Top institutional shareholders of Core Laboratories include Ariel Investments LLC (21.95%), Disciplined Growth Investors Inc. MN (9.51%), Earnest Partners LLC (7.01%) and Dimensional Fund Advisors LP (1.60%).
View institutional ownership trends
.

Shares of CLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Core Laboratories investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Starbucks (SBUX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Endologix (ELGX) and Intel (INTC).

Company Calendar

Last Earnings
7/24/2024
Ex-Dividend for 8/26 Dividend
8/05/2024
Dividend Payable
8/26/2024
Today
9/18/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Petroleum And Natural Gas
Fax
N/A
Employees
3,600
Year Founded
1936

Price Target and Rating

Average Stock Price Target
$18.00
High Stock Price Target
$22.00
Low Stock Price Target
$15.00
Potential Upside/Downside
-3.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
3 Analysts

Profitability

Net Income
$36.67 million
Pretax Margin
7.87%

Debt

Sales & Book Value

Annual Sales
$513.77 million
Cash Flow
$1.20 per share
Book Value
$4.92 per share

Miscellaneous

Free Float
46,544,000
Market Cap
$874.22 million
Optionable
Optionable
Beta
2.37

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This page (NYSE:CLB) was last updated on 9/18/2024 by MarketBeat.com Staff
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