In a report released today, Stephen Gengaro from Stifel Nicolaus maintained a Hold rating on Core Laboratories (CLB – Research Report), with a price target of $18.00. The company’s shares closed yesterday at $17.07.
Gengaro covers the Energy sector, focusing on stocks such as Core Laboratories, Baker Hughes Company, and DMC Global. According to TipRanks, Gengaro has an average return of 3.2% and a 41.88% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Core Laboratories with a $16.50 average price target.
CLB market cap is currently $796.2M and has a P/E ratio of 21.63.
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Core Laboratories (CLB) Company Description:
Core Laboratories NV engages in the provision of proprietary and patented reservoir description, production enhancement, and reservoir management services to the oil and gas industry. It operates through the following business segments: Reservoir Description and Production Enhancement. The Reservoir Description segment encompasses the characterization of petroleum reservoir rock, fluid, and gas samples and provides analytical and field services to characterize properties of crude oil and petroleum products. The Production Enhancement segment provides products and services relating to reservoir well completions, perforations, stimulations, and production. The company was founded in 1936 and is headquartered in Amsterdam, the Netherlands.
