Core Laboratories Given Consensus Recommendation of “Hold” by Brokerages (NYSE:CLB)
Core Laboratories (NYSE:CLB) has been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the stock, AmericanBankingNews.com reports. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $175.50.
CLB has been the subject of a number of recent research reports. Analysts at Natixis cut their price target on shares of Core Laboratories from $170.00 to $157.00 in a research note on Wednesday, August 6th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Core Laboratories in a research note on Wednesday, July 30th. They now have a $158.00 price target on the stock. Finally, analysts at Guggenheim upgraded shares of Core Laboratories from a “neutral” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $185.00 price target on the stock, up previously from $170.00.
Shares of Core Laboratories (NYSE:CLB) traded up 0.24% during mid-day trading on Friday, hitting $145.25. The stock had a trading volume of 25,008 shares. Core Laboratories has a one year low of $143.14 and a one year high of $221.00. The stock has a 50-day moving average of $157. and a 200-day moving average of $176.5. The company has a market cap of $6.452 billion and a P/E ratio of 26.15.
Core Laboratories (NYSE:CLB) last released its earnings data on Wednesday, July 23rd. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.34 by $0.01. The company had revenue of $267.56 million for the quarter, compared to the consensus estimate of $269.70 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Core Laboratories will post $5.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 18th. Shareholders of record on Friday, July 18th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Wednesday, July 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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