Deutsche Bank AG started coverage on shares of Core Laboratories N.V. (NYSE:CLB) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $109.00 price target on the oil and gas company’s stock.
CLB has been the subject of several other research reports. ValuEngine lowered shares of Core Laboratories N.V. from a hold rating to a sell rating in a research report on Friday, September 1st. Royal Bank Of Canada reduced their price objective on shares of Core Laboratories N.V. from $115.00 to $112.00 and set an outperform rating for the company in a research note on Thursday, September 7th. Credit Suisse Group raised shares of Core Laboratories N.V. from a neutral rating to an outperform rating and set a $110.00 price objective for the company in a research note on Thursday, August 24th. They noted that the move was a valuation call. Cowen and Company reaffirmed a hold rating and set a $100.00 price objective on shares of Core Laboratories N.V. in a research note on Friday, September 1st. Finally, BidaskClub raised shares of Core Laboratories N.V. from a sell rating to a hold rating in a research note on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $110.91.
Core Laboratories N.V. (NYSE:CLB) last posted its quarterly earnings data on Monday, July 24th. The oil and gas company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. Core Laboratories N.V. had a net margin of 11.80% and a return on equity of 49.29%. The company had revenue of $163.90 million during the quarter, compared to analyst estimates of $168.23 million. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Friday, October 20th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Thursday, October 19th. Core Laboratories N.V.’s dividend payout ratio is presently 134.15%.
Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC lifted its stake in Core Laboratories N.V. by 33.4% during the first quarter. Parallel Advisors LLC now owns 891 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 223 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Core Laboratories N.V. during the first quarter valued at about $106,000. FNY Managed Accounts LLC purchased a new stake in Core Laboratories N.V. during the first quarter valued at about $123,000. The Manufacturers Life Insurance Company lifted its stake in Core Laboratories N.V. by 63.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,128 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 439 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. purchased a new stake in Core Laboratories N.V. during the second quarter valued at about $134,000.
About Core Laboratories N.V.
Core Laboratories N.V. provides reservoir description, production enhancement and reservoir management services to the oil and gas industry. The Company operates through three segments: Reservoir Description, Production Enhancement and Reservoir Management. The Reservoir Description segment encompasses the characterization of petroleum reservoir rock, fluid and gas samples.
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