Core Laboratories N.V. which can be found using ticker (CLB) now have 8 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 32 and 18 suggesting an average Analsyt target price of $23.19. Given that the stocks previous close was at $22.05 this now indicates there is a potential upside of 5.2%. Also worth taking note is the 50 day moving average now sits at $23.72 and the 200 day MA is $19.88. The company has a market capitalization of $1,099m. Company Website: https://www.corelab.com
The potential market cap would be $1,156m based on the market consensus.
Core Laboratories N.V. provides reservoir description and production enhancement services and products to the oil and gas industry in the United States, Canada, and internationally. It operates through Reservoir Description and Production Enhancement segments. The Reservoir Description segment includes the characterization of petroleum reservoir rock, reservoir fluid, and gas samples to enhance production and improve recovery of oil and gas from its clients’ reservoirs. It offers laboratory-based analytical and field services to characterize properties of crude oil and oil delivered products; and proprietary and joint industry studies, as well as services that support carbon capture, utilization and storage, hydrogen storage, geothermal projects, and the evaluation and appraisal of mining activities. The Production Enhancement segment provides services and products relating to reservoir well completions, perforations, stimulations, and production. It offers integrated diagnostic services to evaluate and monitor the effectiveness of well completions and to develop solutions to improve the effectiveness of enhanced oil recovery projects. The company markets and sells its products through a combination of sales representatives, technical seminars, trade shows, and print advertising, as well as through distributors. The company was founded in 1936 and is based in Amstelveen, the Netherlands.
The company is not paying dividends at this time.
