Core Labs (NYSE:CLB) Rating Change
Stock analysts at Loop Capital’s research division upped Core Labs (NYSE:CLB)’s stock from “Hold” to “Buy” on 21 April.
This rating upgrade is well received by stock traders, as NYSE:CLB is now trading 2.15% higher at $113.50 as of 10:07 PM New York time. Core Labs’s stock is 0% over the last 200 days. It has underperformed the S&P 500, which has risen 12.80% over the same time.
According to data compiled by Thomson Reuters, Core Labs (NYSE:CLB)’s stock is covered by 14 equity analysts across the Street, with 0 analysts giving it a Sell rating, 8 a Buy rating, while 7 consider it a Hold. The 12-month consensus target price for the stock is $126.14, which reflects an upside potential of 11.14% over the current price.
Archon Capital Management Llc had the most significant stake with ownership of 24,600 shares as of q2 2015 for 7.04% of the fund’s portfolio. Underhill Investment Management Llc is another bullish active investment manager who is owning 88,380 shares of Core Labs or 5.49% of their fund’s portfolio. Also, Wcm Investment Management Ca have 4.87% of their fund’s portfolio invested in the company for 3.80M shares. The Missouri-based fund Wedgewood Partners Inc disclosed it had bought so far a stake worth about 4.46% of the active investment manager’s stock portfolio in Core Labs. The Illinois-based fund Sheffield Asset Management L.L.C. is also positive about the stock, possessing 1.89M shares or 4.45% of their fund’s portfolio.
Core Labs (NYSE:CLB) Profile
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.
Core Labs (NYSE:CLB) traded up 2.15% on 21 April, hitting $113.5. A total of shares of the company’s stock traded hands. This is down from average of 373,141 shares. Core Labs has a 52 week low of $96.30 and a 52 week high of $135.49. The company has a market cap of $4.82B and a P/E ratio of 77.52.
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