Core Laboratories Receives Average Recommendation of “Hold” from Brokerages (NYSE:CLB)
Shares of Core Laboratories (NYSE:CLB) have earned an average recommendation of “Hold” from the thirteen ratings firms that are covering the company, American Banking News.com reports. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $175.50.
A number of analysts have recently weighed in on CLB shares. 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) opened at 145.45 on Friday. Core Laboratories has a 52-week low of $143.14 and a 52-week high of $221.00. The stock’s 50-day moving average is $155.9 and its 200-day moving average is $175.9. The company has a market cap of $6.461 billion and a P/E ratio of 26.24.
Core Laboratories (NYSE:CLB) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts predict that Core Laboratories will post $5.86 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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