Core Labs Hits New 52-Week High Following Dividend Announcement (CLB)
Core Labs (NYSE:CLB)’s share price hit a new 52-week high during mid-day trading on Tuesday after the company announced a dividend, Stock Ratings News reports. The stock traded as high as $207.71 and last traded at $207.05, with a volume of 127,696 shares trading hands. The stock had previously closed at $203.01.
The newly announced dividend is scheduled for Friday, May 23rd. Stockholders of record on Friday, April 25th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.99%.
CLB has been the subject of a number of recent research reports. Analysts at S&P Equity Research downgraded shares of Core Labs from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. They now have a $204.00 price target on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Core Labs in a research note on Friday, February 14th. They now have a $194.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $183.70.
The stock has a 50-day moving average of $195.5 and a 200-day moving average of $188.0. The company has a market cap of $9.300 billion and a P/E ratio of 38.45.
Core Labs (NYSE:CLB) last released its earnings data on Thursday, January 30th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.40 by $0.03. The company had revenue of $276.30 million for the quarter, compared to the consensus estimate of $278.55 million. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Core Labs will post $6.23 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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