Core Laboratories (NYSE:CLB) Shares Up 5%

Shares of Core Laboratories Inc. (NYSE:CLB) shot up 5% during trading on Thursday . The stock traded as high as $17.53 and last traded at $17.53. 123,200 shares were traded during mid-day trading, a decline of 74% from the average session volume of 465,090 shares. The stock had previously closed at $16.69.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CLB shares. Bank of America cut their price target on shares of Core Laboratories from $17.00 to $16.00 and set an “underperform” rating for the company in a report on Monday, April 15th. StockNews.com raised Core Laboratories from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. Finally, Stifel Nicolaus dropped their price objective on Core Laboratories from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, Core Laboratories currently has an average rating of “Hold” and a consensus target price of $18.50.

Core Laboratories Stock Up 1.1 %

The company has a market capitalization of $805.05 million, a price-to-earnings ratio of 19.98, a P/E/G ratio of 0.96 and a beta of 2.40. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 1.72. The firm’s fifty day moving average price is $16.11 and its 200-day moving average price is $17.82.

Core Laboratories (NYSE:CLB) last issued its quarterly earnings data on Wednesday, January 31st. The oil and gas company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $128.21 million for the quarter, compared to the consensus estimate of $127.80 million. Core Laboratories had a return on equity of 15.19% and a net margin of 8.03%. During the same quarter in the prior year, the firm earned $0.23 EPS. Sell-side analysts expect that Core Laboratories Inc. will post 0.8 earnings per share for the current fiscal year.

Core Laboratories Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 12th were issued a $0.01 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.23%. Core Laboratories’s dividend payout ratio (DPR) is presently 4.65%.

Institutional Investors Weigh In On Core Laboratories

A number of institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Core Laboratories in the third quarter worth $31,000. State of Wyoming lifted its stake in shares of Core Laboratories by 43.1% in the 2nd quarter. State of Wyoming now owns 1,447 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 436 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Core Laboratories by 9,913.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,502 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,487 shares in the last quarter. UBS Group AG grew its stake in Core Laboratories by 171.6% during the third quarter. UBS Group AG now owns 3,200 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 2,022 shares during the period. Finally, GAMMA Investing LLC bought a new stake in Core Laboratories in the fourth quarter worth approximately $48,000. 97.81% of the stock is owned by institutional investors.

About Core Laboratories

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.