Somewhat Positive Media Coverage Somewhat Unlikely to Affect Core Laboratories N.V. (NYSE:CLB) Share Price
Media headlines about Core Laboratories N.V. (NYSE:CLB) have been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Core Laboratories N.V. earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.3181205807519 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Primero Mining Corp. (PPP) is at $0.20 per share and Core Laboratories NV (CLB) is listed at $94.10 – Stocks Gallery (stocksgallery.com)
- Core Laboratories NV (CLB) Hits New 52-Week High – Modern Readers (modernreaders.com)
- Core Laboratories NV (NYSE:CLB) Shares Bought by State Street Corp (footballhebdo.com)
- Core Laboratories NV (CLB) Ownership Up in Latest Report from Norges Bank (techkenyot.com)
- Core Laboratories NV (NYSE:CLB) Downgraded by BidaskClub to Sell (topactu.net)
A number of research analysts recently commented on the company. BidaskClub cut Core Laboratories N.V. from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Royal Bank Of Canada set a $145.00 price objective on Core Laboratories N.V. and gave the company a “buy” rating in a report on Saturday, June 17th. ValuEngine upgraded Core Laboratories N.V. from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Morgan Stanley decreased their price objective on Core Laboratories N.V. from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, August 7th. Finally, Scotiabank set a $136.00 price objective on Core Laboratories N.V. and gave the company a “hold” rating in a report on Saturday, April 22nd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. Core Laboratories N.V. has a consensus rating of “Hold” and a consensus price target of $117.17.
Core Laboratories N.V. (CLB) opened at 92.92 on Friday. Core Laboratories N.V. has a 1-year low of $92.81 and a 1-year high of $125.83. The firm has a market capitalization of $4.10 billion, a PE ratio of 57.01 and a beta of 1.60. The firm’s 50-day moving average price is $101.46 and its 200-day moving average price is $108.84.
Core Laboratories N.V. (NYSE:CLB) last announced its quarterly earnings data on Monday, July 24th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. Core Laboratories N.V. had a net margin of 11.80% and a return on equity of 49.29%. The company had revenue of $163.90 million during the quarter, compared to analysts’ expectations of $168.23 million. During the same period in the previous year, the company earned $0.35 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts predict that Core Laboratories N.V. will post $2.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 17th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $2.20 annualized dividend and a dividend yield of 2.37%. Core Laboratories N.V.’s dividend payout ratio is presently 134.15%.
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Core Laboratories N.V. 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.
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