Core Laboratories (CLB) Earning Somewhat Favorable News Coverage, Study Finds
Media stories about Core Laboratories (NYSE:CLB) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Core Laboratories earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 45.5805833165442 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Core Laboratories: Signs Of Life In The Oilfield – Seeking Alpha (seekingalpha.com)
- Royal Bank of Canada Analysts Give Core Laboratories (CLB) a $110.00 Price Target (americanbankingnews.com)
- CLB Crosses Above Average Analyst Target (nasdaq.com)
- Core Laboratories NV – Value Analysis (NYSE:CLB) : December 19, 2017 (finance.yahoo.com)
- Shire Plc (SHPG) Holder Ardsley Advisory Partners Decreased Holding by $15.35 Million as Stock Value Rose; Core … – Hill Country Times (hillcountrytimes.com)
Shares of Core Laboratories (CLB) traded down $0.96 during trading on Friday, reaching $106.88. The company had a trading volume of 315,386 shares, compared to its average volume of 649,281. Core Laboratories has a fifty-two week low of $86.55 and a fifty-two week high of $125.83. The company has a market cap of $4,680.00, a PE ratio of 61.78 and a beta of 1.55. The company has a quick ratio of 1.81, a current ratio of 2.18 and a debt-to-equity ratio of 1.53.
Core Laboratories (NYSE:CLB) last announced its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Core Laboratories had a return on equity of 52.89% and a net margin of 12.06%. The business had revenue of $166.20 million for the quarter, compared to analysts’ expectations of $160.94 million. During the same period in the previous year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts predict that Core Laboratories will post 1.99 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. Royal Bank of Canada set a $110.00 price target on shares of Core Laboratories and gave the stock a “buy” rating in a report on Thursday. Loop Capital set a $115.00 price target on shares of Core Laboratories and gave the stock a “buy” rating in a report on Thursday, December 7th. Zacks Investment Research downgraded shares of Core Laboratories from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. UBS Group cut their price target on shares of Core Laboratories from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. Finally, ABN Amro raised shares of Core Laboratories from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $110.20.
About Core Laboratories
Core Laboratories N.V. provides reservoir description, production enhancement and reservoir management services to the oil and gas industry. The Company operates through three segments: Reservoir Description, Production Enhancement and Reservoir Management. The Reservoir Description segment encompasses the characterization of petroleum reservoir rock, fluid and gas samples.
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