10-May-2024
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Globe Newswire (Tue, 7-May 10:00 AM ET)
CORE LAB REPORTS FIRST QUARTER 2024 RESULTS
PRNewswire (Wed, 24-Apr 5:15 PM ET)
CORE LABORATORIES' FIRST QUARTER 2024 WEBCAST AT 7:30 A.M. CDT / 8:30 A.M. EDT ON APRIL 25, 2024
PRNewswire (Mon, 25-Mar 4:00 PM ET)
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 May 10, 2024, CLB stock price declined to $17.00 with 395,529 million shares trading.
CLB has a beta of 0.07, 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 $792.78 million. This is considered a Small Cap stock.
Last quarter Core Laboratories reported $130 million in Revenue and $.19 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.03.
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 has underperformed the market in the last year with a price return of -19.5% while the SPY ETF gained +27.8%. However, in the short term, CLB had mixed performance relative to the market. It has outperformed in the last 3 months, returning +17.1% vs +4.2% return in SPY. But in the last 2 weeks, CLB shares have been beat by the market, returning +0.4% compared to an SPY return of +2.5%.
CLB support price is $16.57 and resistance is $17.61 (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.