Headquartered in Houston, TX Fiscal year ends December NYSE: CLB corelab.com
Core Laboratories Inc. (NYSE: CLB) provides proprietary and patented reservoir description and production enhancement services and products used to optimize petroleum reservoir performance. It operates more than 70 offices in over 50 countries.
The company reports two segments:
- Reservoir Description: laboratory-based rock and fluid analysis, reservoir characterization and assay services. About 80% of segment revenue comes from projects originating outside the U.S., so it is closely tied to international and offshore exploration, appraisal and development activity. Technologies include PRISM workflows, High Frequency NMR, NANO-k nano permeametry, SMP-200 shale matrix permeameters and Dual Energy Computed Tomography.
- Production Enhancement: products and diagnostic services for complex completions in unconventional and conventional reservoirs, mainly U.S. land but also worldwide. Offerings include the AERO perforating systems (AERO FLEX, AERO POINT, AERO SET) and SpectraFlood waterflood tracer diagnostics.
The company describes an asset-light model focused on free cash flow and return on invested capital. It returns capital through a quarterly dividend and share repurchases while managing debt. Its results are currently affected by geopolitical disruption in the Middle East and Russia-Ukraine. Updated
Both segments grew sequentially for the first time this year, with Production Enhancement product sales up 14% quarter over quarter. Q4 guidance of $128.5M to $134.5M assumes Middle East project delays persist.
Wednesday's top analyst upgrades and downgrades included Allstate, Amazon.com, Bath & Bodyworks, Danaher, Enterprise Products Partners, Marathon Petroleum, MGM Resorts, Microsoft, M&T Bank, NexTier Oilfield Solutions, Nike and Okta.
Monday's top analyst upgrades and downgrades included Advanced Micro Devices, Alcoa, Chewy, Coupang, CrowdStrike, DraftKings, Freeport-McMoRan, Goldman Sachs, Halliburton, Lyft, Okta, Palo Alto Networks, Patterson-Uti Energy, Progressive, Schlumberger, Unity Software and Zoom…
Monday morning’s analyst upgrades and downgrades included BP, Farfetch, Golden Ocean, Lyft, NexTier Oilfield Solutions, Nike, Spirit AeroSystems, TotalEnergies and Unilever.
Monday's top analyst upgrades and downgrades included Disney, Domino's Pizza, Equifax, Micron Technology, NetApp, Occidental Petroleum, U.S. Steel, Virgin Galactic and Western Digital.
Friday's top analyst upgrades and downgrades included American Express, Bumble, Cloudera, Diamondback Energy, Discover Financial, General Motors, Match, NOV and UnitedHealth.
Monday’s top analyst upgrades and downgrades included Chipotle Mexican Grill, CRISPR, Hess Midstream, iMedia Brands, Kinder Morgan, Wendy’s and more.
Friday's top analyst upgrades and downgrades included Airbnb, Aurora Cannabis, DoorDash, Dow, FedEx, Kohl’s, Macy’s, Oracle, Palantir and ViacomCBS.
Tuesday's top analyst upgrades and downgrades included AbbVie, CSX, Dominion Energy, JPMorgan, NXP Semiconductors, ONEOK, Pfizer, Square, United Parcel Service and WPX Energy.
Tuesday's top analyst upgrades, downgrades and initiations included Amazon.com, Apple, Bed Bath & Beyond, BP, GameStop, Meet, PTC, Total, Visa and Wynn Resorts.
Top analyst upgrades, downgrades and initiations for the first trading day of 2020 included Abbott Laboratories, Advanced Micro Devices, Analog Devices, Applied Materials, Ford, Illumina, Medtronic, Tesla and Wells Fargo.
In the world of nothing lasts forever, Merrill Lynch has said enough is enough on at least some opportunities in the oil patch.
The top analyst upgrades, downgrades and initiations seen on Friday included Goldcorp, Home Depot, JC Penney, Nvidia, PG&E, Qualcomm, Target, Taiwan Semiconductor, Weatherford and Yamana Gold.
The top analyst upgrades, downgrades and other research calls from Thursday include AON, Broadcom, Expedia, Exxon Mobil, Match, Mylan, Ocean Rig UDW, Signet Jewelers and Transocean.
The top analyst upgrades, downgrades and other research calls from Thursday include Akamai Technologies, Barclays, Chevron, Duke Energy, Expedia, First Solar, Kinder Morgan and Netflix.
A new Deutsche Bank research report makes the case that the setup for oilfield services stocks going into 2018 is much better than last year.
Core Laboratories Inc. (NYSE: CLB) provides proprietary and patented reservoir description and production enhancement services and products used to optimize petroleum reservoir performance. It operates more than 70 offices in over 50 countries.
The Wall Street consensus 12-month price target for CLB is $15.00.
