Piper Sandler analyst Luke Lemoine assigned a Hold rating to Core Laboratories (CLB – Research Report) today and set a price target of $18.00. The company’s shares closed last Friday at $15.92.
Lemoine covers the Energy sector, focusing on stocks such as Solaris Oilfield Infrastructure, Helix Energy, and Schlumberger. According to TipRanks, Lemoine has an average return of 6.6% and a 59.20% success rate on recommended stocks.
Currently, the analyst consensus on Core Laboratories is a Moderate Sell with an average price target of $16.50, which is a 3.64% upside from current levels. In a report released on April 26, Stifel Nicolaus also maintained a Hold rating on the stock with a $18.00 price target.
CLB market cap is currently $746.6M and has a P/E ratio of 17.80.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
