Core Laboratories - CLB Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Core Laboratories in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CLB shares. 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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4 Wall Street analysts have issued 1 year target prices for Core Laboratories' stock. Their CLB share price forecasts range from $20.00 to $26.00. On average, they anticipate the company's share price to reach $21.83 in the next twelve months. This suggests that the stock has a possible downside of 1.0%.
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Core Laboratories' stock was trading at $20.27 at the beginning of 2023. Since then, CLB stock has increased by 8.8% and is now trading at $22.05.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our CLB earnings forecast.

Core Laboratories will be holding an earnings conference call on Thursday, April 27th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Core Laboratories (NYSE:CLB) issued its earnings results on Thursday, February, 2nd. The oil and gas company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The oil and gas company earned $127.57 million during the quarter, compared to the consensus estimate of $130.12 million. Core Laboratories had a net margin of 3.97% and a trailing twelve-month return on equity of 15.98%. The firm's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS.

Core Laboratories declared a quarterly dividend on Wednesday, February 1st. Shareholders of record on Monday, February 13th will be paid a dividend of $0.01 per share on Monday, March 6th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Friday, February 10th.
Read our dividend analysis for CLB.

ETFs with the largest weight of Core Laboratories (NYSE:CLB) stock in their portfolio include Cultivar ETF (CVAR), Invesco Dynamic Oil & Gas Services ETF (PXJ), Invesco S&P SmallCap Energy ETF (PSCE), SPDR S&P Oil & Gas Equipment & Services ETF (XES), iShares U.S. Oil Equipment & Services ETF (IEZ), VanEck Oil Services ETF (OIH), Direxion Daily Oil Services Bull 2X Shares (ONG) and Invesco S&P SmallCap 600 Equal Weight ETF (EWSC).

Core Laboratories (NYSE:CLB) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.19%. The dividend payout ratio is 9.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CLB will have a dividend payout ratio of 3.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CLB.

Core Laboratories updated its first quarter earnings guidance on Wednesday, February, 1st. The company provided earnings per share (EPS) guidance of $0.14-0.19 for the period, compared to the consensus estimate of $0.18. The company issued revenue guidance of $125-129 million, compared to the consensus revenue estimate of $127.42 million.

60 employees have rated Core Laboratories Chief Executive Officer David M. Demshur on Glassdoor.com. David M. Demshur has an approval rating of 36% among the company's employees. This puts David M. Demshur in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 many different institutional and retail investors. Top institutional shareholders include Ariel Investments LLC (20.92%), Fred Alger Management LLC (8.31%), Earnest Partners LLC (7.71%), Boston Trust Walden Corp (4.25%), Van ECK Associates Corp (2.15%) and Congress Asset Management Co. MA (1.54%).
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Shares of CLB stock 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.
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One share of CLB stock can currently be purchased for approximately $22.05.

Core Laboratories (NYSE:CLB) has a market capitalization of $1.03 billion and generates $489.73 million in revenue each year. The oil and gas company earns $19.45 million in net income (profit) each year or $0.41 on an earnings per share basis.

The company employs 3,600 workers across the globe.

Core Laboratories' mailing address is STRAWINSKYLAAN 913 TOWER A LEVEL 9, AMSTERDAM P7, 1077 XX. The official website for the company is www.corelab.com. The oil and gas company can be reached via phone at (120) 420-3191 or via email at investor.relations@corelab.com.