Core Labs Price Target Increased to $182.00 by Analysts at ING Group (CLB)
Equities research analysts at ING Group raised their target price on shares of Core Labs (NYSE:CLB) from $157.00 to $182.00 in a research note issued to investors on Monday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the stock. ING Group’s price target points to a potential downside of 3.58% from the company’s current price.
In other Core Labs news, COO Monty L. Davis unloaded 5,704 shares of the company’s stock on the open market in a transaction dated Monday, October 21st. The stock was sold at an average price of $197.33, for a total value of $1,125,570.32. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Core Labs (NYSE:CLB) traded down 0.92% on Monday, hitting $188.75. 281,093 shares of the company’s stock traded hands. Core Labs has a 1-year low of $94.72 and a 1-year high of $165.85. The stock has a 50-day moving average of $152.8 and a 200-day moving average of $145.0. The company has a market cap of $8.563 billion and a P/E ratio of 37.96.
Core Labs (NYSE:CLB) last issued its quarterly earnings data on Thursday, October 17th. The company reported $1.36 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Analysts expect that Core Labs will post $5.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 20th. Investors of record on Friday, October 18th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, October 16th.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Core Labs from $134.00 to $171.00 in a research note to investors on Monday, October 21st. They now have a “market perform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Core Labs from $188.00 to $200.00 in a research note to investors on Friday, October 18th. They now have a “sector perform” rating on the stock. Finally, analysts at Natixis raised their price target on shares of Core Labs from $150.00 to $162.00 in a research note to investors on Friday, October 18th. They now have a “neutral” rating on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $171.27.
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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