Core Laboratories NV (CLB) Shares Gap Up to $111.43
Shares of Core Laboratories NV (NYSE:CLB) gapped up before the market opened on Friday . The stock had previously closed at $110.72, but opened at $111.43. Core Laboratories NV shares last traded at $112.96, with a volume of 160,205 shares.
Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Core Laboratories NV in a report on Thursday, June 30th. KLR Group reaffirmed a “buy” rating and set a $180.00 price objective (up from $166.00) on shares of Core Laboratories NV in a report on Monday, June 13th. Citigroup Inc. decreased their price objective on Core Laboratories NV from $123.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, July 25th. Zacks Investment Research raised Core Laboratories NV from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a report on Wednesday, July 20th. Finally, Credit Suisse Group AG began coverage on Core Laboratories NV in a report on Thursday. They set a “neutral” rating and a $115.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $120.39.
The stock has a 50-day moving average price of $116.99 and a 200-day moving average price of $117.56. The stock has a market cap of $4.95 billion and a price-to-earnings ratio of 59.59.
Core Laboratories NV (NYSE:CLB) last released its earnings results on Wednesday, July 20th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The firm earned $148.10 million during the quarter, compared to analysts’ expectations of $146.37 million. The business’s revenue was down 27.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 EPS. On average, analysts forecast that Core Laboratories NV will post $1.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Monday, July 18th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $2.20 dividend on an annualized basis and a yield of 1.96%.
Core Laboratories N.V. is a provider of reservoir description, production enhancement and reservoir management services to the oil and gas industry. The Company’s services and products are directed toward enabling the Company’s clients to improve reservoir performance and increase oil and gas recovery from their producing fields.
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