Core Labs Hits New 52-Week High at $191.98 (CLB)
Shares of Core Labs (NYSE:CLB) hit a new 52-week high during mid-day trading on Thursday, StockRatingsNetwork.com reports. The stock traded as high as $191.98 and last traded at $191.29, with a volume of 734,003 shares trading hands. The stock had previously closed at $174.91.
CLB has been the subject of a number of recent research reports. Analysts at Global Hunter Securities downgraded shares of Core Labs from a “buy” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Morgan Stanley initiated coverage on shares of Core Labs in a research note to investors on Monday, September 23rd. They set an “overweight” rating on the stock. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $151.00.
Core Labs has a 1-year low of $94.72 and a 1-year high of $178.18. The stock’s 50-day moving average is $166.2 and its 200-day moving average is $150.. The company has a market cap of $8.665 billion and a P/E ratio of 36.30.
Core Labs (NYSE:CLB) last posted its quarterly earnings results on Thursday, October 17th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.02. The company had revenue of $273.16 million for the quarter, compared to the consensus estimate of $267.21 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts expect that Core Labs will post $5.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 20th. Stockholders of record on Friday, October 18th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, October 16th.
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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