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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
U.S. Loses to China in Shocking WAR GAMES (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Avoid the upcoming bloodbath (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
U.S. Loses to China in Shocking WAR GAMES (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Avoid the upcoming bloodbath (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
U.S. Loses to China in Shocking WAR GAMES (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Avoid the upcoming bloodbath (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
NYSE:CLB

Core Laboratories (CLB) Stock Forecast, Price & News

$25.91
+2.56 (+10.96%)
(As of 06/2/2023 ET)
Compare
Today's Range
$23.78
$26.01
50-Day Range
$20.55
$25.90
52-Week Range
$13.19
$31.42
Volume
454,888 shs
Average Volume
427,998 shs
Market Capitalization
$1.21 billion
P/E Ratio
51.82
Dividend Yield
0.15%
Price Target
$22.30

Core Laboratories MarketRank™ Forecast

Analyst Rating
Reduce
1.33 Rating Score
Upside/​Downside
13.9% Downside
$22.30 Price Target
Short Interest
Healthy
8.37% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
36.25%
From $0.80 to $1.09 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.06 out of 5 stars

Oils/Energy Sector

198th out of 245 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

18th out of 20 stocks


CLB stock logo

About Core Laboratories (NYSE:CLB) Stock

Core Laboratories, Inc. provides proprietary and patented reservoir description and production enhancement services. The company was founded on May 1, 2023 and is headquartered in Houston, TX.

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CLB Stock News Headlines

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Core Laboratories (NYSE:CLB) Shares Up 6.1%
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The Latest Analyst Ratings for Core Laboratories
CORE LAB REPORTS FIRST QUARTER 2023 RESULTS:
Core Laboratories (CLB) to Release Earnings on Wednesday
Core Laboratories (NYSE:CLB) Shares Gap Down to $22.31
Core Laboratories (NYSE:CLB) Now Covered by StockNews.com
See More Headlines

CLB Price History

CLB Company Calendar

Last Earnings
2/02/2023
Ex-Dividend for 3/6 Dividend
2/10/2023
Dividend Payable
3/06/2023
Ex-Dividend for 5/30 Dividend
5/05/2023
Dividend Payable
5/30/2023
Today
6/03/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$22.30
High Stock Price Forecast
$26.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
-13.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.33
Research Coverage
3 Analysts

Profitability

Net Income
$19.45 million
Pretax Margin
7.17%

Debt

Sales & Book Value

Annual Sales
$489.73 million
Cash Flow
$1.04 per share
Book Value
$4.29 per share

Miscellaneous

Free Float
46,486,000
Market Cap
$1.21 billion
Optionable
Optionable
Beta
2.67

Social Links


Key Executives

  • Lawrence V. Bruno
    Chairman, President & Chief Executive Officer
  • Christopher S. Hill
    Chief Financial Officer & Senior Vice President
  • Mark Damian Tattoli
    Secretary, Senior Vice President & General Counsel
  • Kevin G. Daniels
    Chief Accounting Officer & Vice President
  • J. Donald Dumas
    SVP-Production Enhancement & Business Development













CLB Stock - Frequently Asked Questions

Should I buy or sell Core Laboratories stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Core Laboratories in the last year. There are currently 2 sell ratings and 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" CLB shares.
View CLB analyst ratings
or view top-rated stocks.

What is Core Laboratories' stock price forecast for 2023?

3 equities research analysts have issued 1-year price targets for Core Laboratories' shares. Their CLB share price forecasts range from $19.00 to $26.00. On average, they expect the company's stock price to reach $22.30 in the next year. This suggests that the stock has a possible downside of 13.9%.
View analysts price targets for CLB
or view top-rated stocks among Wall Street analysts.

How have CLB shares performed in 2023?

Core Laboratories' stock was trading at $20.27 at the beginning of 2023. Since then, CLB stock has increased by 27.8% and is now trading at $25.91.
View the best growth stocks for 2023 here
.

Are investors shorting Core Laboratories?

Core Laboratories saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 3,860,000 shares, a decrease of 26.1% from the April 30th total of 5,220,000 shares. Based on an average daily volume of 399,100 shares, the days-to-cover ratio is currently 9.7 days. Approximately 8.4% of the shares of the company are sold short.
View Core Laboratories' Short Interest
.

When is Core Laboratories' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our CLB earnings forecast
.

How were Core Laboratories' earnings last quarter?

Core Laboratories Inc. (NYSE:CLB) posted its quarterly 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 trailing twelve-month return on equity of 15.23% and a net margin of 4.72%. Core Laboratories's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share.

How often does Core Laboratories pay dividends? What is the dividend yield for Core Laboratories?

Core Laboratories announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Monday, May 8th will be paid a dividend of $0.01 per share on Tuesday, May 30th. This represents a $0.04 annualized dividend and a yield of 0.15%. The ex-dividend date of this dividend is Friday, May 5th.
Read our dividend analysis for CLB
.

Is Core Laboratories a good dividend stock?

Core Laboratories (NYSE:CLB) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.17%. The dividend payout ratio is 8.00%. 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.

What guidance has Core Laboratories issued on next quarter's earnings?

Core Laboratories updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $0.20-$0.24 for the period, compared to the consensus EPS estimate of $0.21. The company issued revenue guidance of $130.00 million-$135.00 million, compared to the consensus revenue estimate of $132.83 million.

What is David M. Demshur's approval rating as Core Laboratories' CEO?

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.

What other stocks do shareholders of Core Laboratories own?

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).

What is Core Laboratories' stock symbol?

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

Who are Core Laboratories' major shareholders?

Core Laboratories' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.33%), Boston Trust Walden Corp (4.49%), State Street Corp (2.74%), Ameriprise Financial Inc. (1.93%), Van ECK Associates Corp (1.83%) and Dimensional Fund Advisors LP (1.70%).
View institutional ownership trends
.

How do I buy shares of Core Laboratories?

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.
Compare Top Brokerages Here.

What is Core Laboratories' stock price today?

One share of CLB stock can currently be purchased for approximately $25.91.

How much money does Core Laboratories make?

Core Laboratories (NYSE:CLB) has a market capitalization of $1.21 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 $0.50 on an earnings per share basis.

How many employees does Core Laboratories have?

The company employs 3,600 workers across the globe.

How can I contact Core Laboratories?

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 (713) 328-2673 or via email at investor.relations@corelab.com.

This page (NYSE:CLB) was last updated on 6/3/2023 by MarketBeat.com Staff

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