Core Laboratories (CLB) Given Average Rating of “Hold” by Analysts
Shares of Core Laboratories (NYSE:CLB) have been given an average rating of “Hold” by the sixteen ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $111.70.
Several equities analysts recently issued reports on CLB shares. Loop Capital set a $115.00 price objective on Core Laboratories and gave the stock a “buy” rating in a research note on Thursday, December 7th. ABN Amro lowered Core Laboratories from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Royal Bank of Canada set a $110.00 target price on Core Laboratories and gave the stock a “buy” rating in a research report on Thursday, December 21st. Zacks Investment Research lowered Core Laboratories from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Deutsche Bank lowered Core Laboratories from a “buy” rating to a “hold” rating and dropped their target price for the stock from $116.30 to $109.00 in a research report on Thursday, January 11th.
Core Laboratories (NYSE:CLB) opened at $105.00 on Friday. Core Laboratories has a one year low of $86.55 and a one year high of $121.39. The stock has a market capitalization of $4,640.00, a price-to-earnings ratio of 54.97 and a beta of 1.47. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.66 and a current ratio of 1.98.
The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, January 26th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.10%. The ex-dividend date was Thursday, January 25th. Core Laboratories’s dividend payout ratio is presently 115.18%.
Several institutional investors and hedge funds have recently modified their holdings of CLB. The Manufacturers Life Insurance Company increased its holdings in shares of Core Laboratories by 63.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,128 shares of the oil and gas company’s stock valued at $114,000 after purchasing an additional 439 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Core Laboratories by 60.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,096 shares of the oil and gas company’s stock valued at $120,000 after purchasing an additional 414 shares during the period. Captrust Financial Advisors acquired a new position in shares of Core Laboratories during the fourth quarter valued at $139,000. Toronto Dominion Bank increased its holdings in shares of Core Laboratories by 243.6% during the third quarter. Toronto Dominion Bank now owns 1,866 shares of the oil and gas company’s stock valued at $184,000 after purchasing an additional 1,323 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of Core Laboratories by 56.6% during the fourth quarter. Teachers Advisors LLC now owns 1,779 shares of the oil and gas company’s stock valued at $195,000 after purchasing an additional 643 shares during the period.
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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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