Core Labs Price Target Cut to $150.00 by Analysts at Natixis (CLB)
Investment analysts at Natixis decreased their price target on shares of Core Labs (NYSE:CLB) from $158.00 to $150.00 in a note issued to investors on Wednesday, ARN reports. The firm currently has a “neutral” rating on the stock. Natixis’ price target would suggest a potential downside of 9.03% from the company’s current price.
A number of other firms have also recently commented on CLB. Analysts at Sterne Agee reiterated a “hold” rating on shares of Core Labs (NYSE:CLB) in a research note to investors on Monday, September 9th. They now have a $146.00 price target on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Core Labs (NYSE:CLB) from $164.00 to $186.00 in a research note to investors on Monday, September 9th. They now have a “buy” rating on the stock. Finally, analysts at Howard Weil upgraded shares of Core Labs (NYSE:CLB) from a “sector perform” rating to a “sector outperform” rating in a research note to investors on Wednesday, August 28th. They now have a $180.00 price target on the stock, up previously from $145.00.
Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $153.42.
Shares of Core Labs (NYSE:CLB) traded up 0.43% on Wednesday, hitting $164.89. 178,863 shares of the company’s stock traded hands. Core Labs has a 52-week low of $94.72 and a 52-week high of $165.85. The stock has a 50-day moving average of $154.1 and a 200-day moving average of $145.. The company has a market cap of $7.525 billion and a P/E ratio of 34.07.
Core Labs (NYSE:CLB) last released its earnings data on Wednesday, July 17th. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.31 by $0.01. The company had revenue of $263.14 million for the quarter, compared to the consensus estimate of $267.24 million. During the same quarter last year, the company posted $1.16 earnings per share. Core Labs’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Core Labs will post $5.19 earnings per share for the current fiscal year.
Core Laboratories N.V. (NYSE:CLB) is a provider of reservoir description, production enhancement and reservoir management services to the oil and gas industry.
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