Core Laboratories N.V. with ticker code (CLB) have now 9 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 32 and 18 calculating the mean target price we have 22.17. Given that the stocks previous close was at 25.07 this is indicating there is a potential downside of -11.6%. There is a 50 day moving average of 21.19 and the 200 day MA is 20.62. The market capitalisation for the company is $1,154m. You can visit the company’s website by visiting: https://www.corelab.com
The potential market cap would be $1,020m based on the market concensus.
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. 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. In addition, 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. It operates approximately in 50 countries. The company was founded in 1936 and is based in Amstelveen, the Netherlands.
