Core Laboratories Stock Forecast, Price & News

Core Laboratories' stock was trading at $10.93 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CLB stock has increased by 208.8% and is now trading at $33.75.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Core Laboratories in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Core Laboratories stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CLB, but not buy additional shares or sell existing shares.
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Core Laboratories is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
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Core Laboratories will be holding an earnings conference call on Wednesday, January 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Core Laboratories (NYSE:CLB) posted its quarterly earnings data on Wednesday, October, 21st. The oil and gas company reported $0.16 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.02. The oil and gas company earned $105.38 million during the quarter, compared to analysts' expectations of $109.33 million. Core Laboratories had a negative net margin of 19.02% and a positive return on equity of 45.39%. Core Laboratories's quarterly revenue was down 39.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share.
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Core Laboratories declared a quarterly dividend on Thursday, October 15th. Investors of record on Monday, October 26th will be paid a dividend of $0.01 per share on Tuesday, November 17th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend is Friday, October 23rd.
View Core Laboratories' dividend history.

Core Laboratories pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.11%. The dividend payout ratio of Core Laboratories is 2.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Core Laboratories will have a dividend payout ratio of 4.55% next year. This indicates that Core Laboratories will be able to sustain or increase its dividend.
View Core Laboratories' dividend history.

13 equities research analysts have issued 12 month price targets for Core Laboratories' shares. Their forecasts range from $11.00 to $30.00. On average, they anticipate Core Laboratories' share price to reach $21.22 in the next year. This suggests that the stock has a possible downside of 37.1%.
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Some companies that are related to Core Laboratories include Subsea 7 (SUBCY), Liberty Oilfield Services (LBRT), Oceaneering International (OII), National Energy Services Reunited (NESR), RPC (RES), NexTier Oilfield Solutions (NEX), ProPetro (PUMP), Frank's International (FI), Helix Energy Solutions Group (HLX), Select Energy Services (WTTR), North American Construction Group (NOA), Mammoth Energy Services (TUSK), Natural Gas Services Group (NGS), Hurricane Energy (HRCXF) and FTS International (FTSI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Core Laboratories investors own include CA (CA), BlackRock (BLK), Starbucks (SBUX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Endologix (ELGX), Intel (INTC), Netflix (NFLX), AT&T (T) and Gilead Sciences (GILD).

Core Laboratories trades on the New York Stock Exchange (NYSE) under the ticker symbol "CLB."

Core Laboratories' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Douglas Lane & Associates LLC (1.50%), Scout Investments Inc. (0.16%), Kopion Asset Management LLC (0.10%) and State of Alaska Department of Revenue (0.08%). Company insiders that own Core Laboratories stock include Gregory Barry Barnett, Jan Willem Sodderland, Kevin Daniels, Lawrence Bruno and Mark F Elvig.
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CLB stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue.
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CLB stock was purchased by a variety of institutional investors in the last quarter, including Douglas Lane & Associates LLC, Kopion Asset Management LLC, and Scout Investments Inc.. Company insiders that have bought Core Laboratories stock in the last two years include Gregory Barry Barnett, Jan Willem Sodderland, and Lawrence Bruno.
View insider buying and selling activity for Core Laboratories or or view top insider-buying stocks.

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

One share of CLB stock can currently be purchased for approximately $33.75.

Core Laboratories has a market capitalization of $1.50 billion and generates $668.21 million in revenue each year. The oil and gas company earns $101.98 million in net income (profit) each year or $1.79 on an earnings per share basis. Core Laboratories employs 4,300 workers across the globe.

The official website for Core Laboratories is www.corelab.com.

Core Laboratories' mailing address is STRAWINSKYLAAN 913 TOWER A LEVEL 9, AMSTERDAM P7, 1077 XX. The oil and gas company can be reached via phone at 31-20-420-3191 or via email at [email protected]