Zacks Investment Research downgraded Core Laboratories N.V. (NYSE:CLB) to Hold in a report released today.
- Updated: September 26, 2016
Having a price of $104.76, Core Laboratories N.V. (NYSE:CLB) traded -0.60% lower on the day. The last closing price is down -11.56% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. CLB has recorded a 50-day average of $113.25 and a two hundred day average of $117.75. Trade Volume was up over the average, with 592,414 shares of CLB changing hands over the typical 466,320
Zacks Investment Research has downgraded Core Laboratories N.V. (NYSE:CLB) to Hold in a statement released on 9/26/2016.
Previously on 09/21/2016, Zacks Investment Research reported about Core Laboratories N.V. (NYSE:CLB) increased the target price from $0.00 to $120.00. At the time, this indicated a possible upside of 0.12%.
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Core Laboratories N.V. has a price-earnings ratio of 55.24 with a one year low of $84.50 and a one year high of $135.49 CLB’s total market value is presently $0.
A total of 14 brokers have released a ratings update on CLB. Three analysts rating the company a strong buy, 5 brokers rating the stock a buy, 7 firms rating the stock a hold, zero analysts rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $126.14.
General Information 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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