Core Labs Now Covered by Morgan Stanley (CLB)
Morgan Stanley started coverage on shares of Core Labs (NYSE:CLB) in a research note issued on Monday, AR Network reports. The firm set an “overweight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Global Hunter Securities reiterated a “buy” rating on shares of Core Labs (NYSE:CLB) in a research note to investors on Wednesday, September 18th. They now have a $186.00 price target on the stock. Separately, analysts at Natixis cut their price target on shares of Core Labs (NYSE:CLB) from $158.00 to $150.00 in a research note to investors on Wednesday, September 18th. They now have a “neutral” rating on the stock. Finally, 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.
Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $153.42.
Core Labs (NYSE:CLB) opened at 166.55 on Monday. Core Labs has a 52 week low of $94.72 and a 52 week high of $166.55. The stock has a 50-day moving average of $154.9 and a 200-day moving average of $146.1. The company has a market cap of $7.601 billion and a P/E ratio of 34.56.
Core Labs (NYSE:CLB) last announced its earnings results on Wednesday, July 17th. The company reported $1.32 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Core Labs will post $5.20 EPS 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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