CLB Stock Summary and Trading Ideas (Core Laboratories | NYSE:CLB)

Core Laboratories is the premier provider of reservoir description and production enhancement services for oil and gas exploration and production. It provides data and analytics to aid well operators in determining optimal methods for recovering, processing, and refining hydrocarbons from a well. It also manufactures the associated lab equipment for its services.

Core Laboratories trades on the NYSE stock market under the symbol CLB.

As of April 23, 2024, CLB stock price climbed to $16.99 with 388,960 million shares trading.

CLB has a beta of 0.01, meaning it tends to be less sensitive to market movements. CLB has a correlation of 0.00 to the broad based SPY ETF.

CLB has a market cap of $792.31 million. This is considered a Small Cap stock.

Last quarter Core Laboratories reported $128 million in Revenue and $.19 earnings per share. This beat revenue expectation by $440,000 and met earnings estimates .

In the last 3 years, CLB stock traded as high as $49.87 and as low as $13.19.

The top ETF exchange traded funds that CLB belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

CLB stock has underperformed the market in the last year with a return of -20.0%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CLB shares. However, CLB has outperformed the market in the last 3 month and 2 week periods, returning +10.0% and -1.6%, while SPY returned +4.9% and -2.5%, respectively. This indicates CLB has been having a stronger performance recently.

CLB support price is $16.59 and resistance is $17.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLB stock will trade within this expected range on the day.