Zacks Investment Research disclosed Core Laboratories N.V. (NYSE:CLB), hiking its price target to $120.00 earlier today
- Updated: September 21, 2016
Stating as potential upside of 0.12%, Zacks Investment Research increased the stock price target of Core Laboratories N.V. (NYSE:CLB) to $120.00
Previously on Monday September 12, 2016, Citigroup reported about Core Laboratories N.V. (NYSE:CLB) lowered the target price from $118.00 to $116.00. At the time, this indicated a possible upside of 0.05%.
Yesterday Core Laboratories N.V. (NYSE:CLB) traded 0.07% higher at $107.04. The company’s 50-day moving average is $113.67 and its 200-day moving average is $117.92. The last stock close price is down -9.38% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 745,330 shares of the stock were exchanged, up from an average trading volume of 455,922
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Core Laboratories N.V. has a PE ratio of 56.69 with a one year low of $84.50 and a one year high of $135.49 Core Laboratories N.V.’s market capitalization is presently $0.
A total of 14 brokerages have issued a ratings update on Core Laboratories N.V.. Three brokerages rating the company a strong buy, five equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $126.14.
Brief Synopsis About Core Laboratories N.V. (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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