Core Laboratories (CLB) Scheduled to Post Earnings on Tuesday

Core Laboratories (NYSE:CLB) is set to post its quarterly earnings results after the market closes on Tuesday, January 23rd. Analysts expect Core Laboratories to post earnings of $0.59 per share for the quarter.

Shares of Core Laboratories (NYSE:CLB) opened at $116.00 on Friday. Core Laboratories has a 1 year low of $86.55 and a 1 year high of $124.99. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.81 and a current ratio of 2.18. The firm has a market capitalization of $5,120.00, a P/E ratio of 67.05 and a beta of 1.56.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, January 26th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $2.20 dividend on an annualized basis and a yield of 1.90%. Core Laboratories’s payout ratio is 127.17%.

A number of analysts have weighed in on the company. Deutsche Bank cut Core Laboratories from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $116.30 to $109.00 in a research report on Thursday, January 11th. Zacks Investment Research downgraded Core Laboratories from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Scotiabank set a $136.00 target price on Core Laboratories and gave the stock a “hold” rating in a research note on Wednesday, October 25th. ABN Amro downgraded Core Laboratories from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Core Laboratories in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $110.20.

An institutional investor recently raised its position in Core Laboratories stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Core Laboratories (NYSE:CLB) by 63.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,128 shares of the oil and gas company’s stock after buying an additional 439 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Core Laboratories were worth $114,000 at the end of the most recent reporting period.

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Core Laboratories Company Profile

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.

Earnings History for Core Laboratories (NYSE:CLB)

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