A statement released earlier today by Citigroup about Core Laboratories (NYSE:CLB) bumps down the target price to $110.00
- Updated: September 28, 2016
Boasting a price of $104.10, Core Laboratories (NYSE:CLB) traded -0.63% lower on the day. With the last close down -11.69% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $112.49 and a 200-day moving average of $117.63. 93,812 shares of the stock were exchanged, down from an average trading volume of 473,470
Citigroup bumped down the target of Core Laboratories (NYSE:CLB) to $110.00 stating a potential upside of 0.06%.
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Core Laboratories has a 52 week low of $84.50 and a 52 week high of $135.49 with a P/E ratio of 55.11 The company’s market cap is currently $0.
In addition to Citigroup reporting its target price, a total of 14 brokers have issued a report on the stock. The consensus target price is $126.14 with 3 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Core Laboratories (NYSE:CLB)
Core Laboratories N.V. is a provider of reservoir description, production enhancement and reservoir management services to the oil and gas industry. The Company's services and products are directed toward enabling the Company's clients to improve reservoir performance and increase oil and gas recovery from their producing fields. The Company has over 70 offices in over 50 countries. The Company operates in three segments: Reservoir Description, Production Enhancement and Reservoir Management. The Reservoir Description segment encompasses the characterization of petroleum reservoir rock, fluid and gas samples. The Production Enhancement segment includes products and services relating to reservoir well completions, perforations, stimulations and production. The Reservoir Management segment combines and integrates information from reservoir description and production enhancement services to increase production and improve recovery of oil and gas from the Company's clients' reservoirs.
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