Core Laboratories N.V. (CLB) Stock Forecast & Predictions

Core Laboratories N.V. CLB: $27.6

Strawinskylaan 913, Amsterdam, Noord Holland, Netherlands. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.corelab.com

  • Market Cap$1.28B
  • Change (52 Weeks)-22.31%
  • Low (52 Weeks)$21.08
  • Core Laboratories N.V. (CLB) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Core Laboratories N.V. (CLB) is based on 14 Institutional Analyst Ratings where 28.57% are on Strong Buy, 14.29% on Moderate Buy, 42.86% remains on Hold, 7.14% are on Moderate Sell and 7.14% are on Strong Sell.

    Out of 14 Institutional Analysts, majority recommended CLB stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Core Laboratories N.V..

    Core Laboratories N.V. (CLB) Stock Price Prediction By Analysts


    HighLowAverage
    $36.75$17.68$27.71
    $27.710.4% Upside
    Updated: 2022-01-13 00:00:00

    The Average Price target for CLB set by the institutional analysts is $27.71 where High Estimate is $36.75, Median $28.560000000000002 and Low $17.68.

    The average price target for CLB by Institutional Analysts is $27.71, which is 0.4% Upside from the current price. So according to the Institutional Analysts, CLB Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Core Laboratories N.V. (CLB) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 553,228 investor portfolio.

    Our algorithm has analysed 553,228 investor portfolio with CLB stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about CLB and holding their positions hoping for a further rise in the stock price and more profit.

    Core Laboratories N.V. (CLB) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    B of A SecuritiesUnderperformDowngraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightDowngraded
    CitigroupSellDowngraded
    Morgan StanleyOverweightMaintained
    JP MorganUnderweightDowngraded
    Morgan StanleyOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    ABN AmroHoldUpgraded
    Piper SandlerNeutralMaintained
    StifelHoldMaintained
    ScotiaBankSector PerformDowngraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    StifelHoldMaintained
    ScotiaBankSector OutperformUpgraded
    Piper SandlerNeutralMaintained
    StifelHoldMaintained
    JP MorganNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupNeutralMaintained
    StifelHoldMaintained
    B of A SecuritiesUnderperformDowngraded
    BernsteinMarket PerformInitiated
    StifelHoldDowngraded
    Cowen & Co.Market PerformMaintained
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    Bank of AmericaBuyUpgraded
    CitigroupNeutralMaintained
    Credit SuisseNeutralDowngraded
    JP MorganNeutralMaintained
    JP MorganNeutralDowngraded
    GuggenheimBuyUpgraded
    ABN AmroBuyUpgraded
    Stifel NicolausBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightInitiated
    JP MorganOverweightMaintained
    CitigroupNeutralMaintained
    Stifel NicolausHoldInitiated
    Edward JonesBuyInitiated
    CitigroupNeutralUpgraded
    JP MorganOverweightMaintained
    CitigroupNeutralMaintained
    Deutsche BankHoldDowngraded
    UBSNeutralMaintained
    Loop CapitalBuyMaintained
    Deutsche BankBuyInitiated
    Credit SuisseOutperformUpgraded
    Morgan StanleyOverweightMaintained
    UBSNeutralMaintained
    CitigroupNeutralMaintained
    Loop CapitalBuyUpgraded
    UBSNeutralInitiated
    CitigroupNeutralMaintained
    DA DavidsonBuyInitiated
    Loop CapitalHoldInitiated
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained
    Credit SuisseNeutralInitiated
    CitigroupNeutralMaintained
    JP MorganOverweightInitiated
    CitigroupNeutralMaintained
    Stephens & Co.Equal-WeightMaintained
    Cowen & Co.Market PerformMaintained
    ABN AmroSellDowngraded
    Morgan StanleyOverweightMaintained
    Stephens & Co.Equal-WeightInitiated
    CitigroupNeutralMaintained
    HSBCReduceDowngraded
    OppenheimerPerformInitiated
    KLR GroupBuyInitiated
    GuggenheimBuyUpgraded
    Sterne Agee CRTNeutralMaintained
    RBC CapitalOutperformUpgraded
    INGHoldDowngraded
    iBERIA Capital PartnersOutperformUpgraded
    iBERIA Capital PartnersSector PerformDowngraded
    GuggenheimNeutralDowngraded
    SunTrust Robinson HumphreyBuyInitiated
    Morgan StanleyOverweightUpgraded
    ISI GroupBuyInitiated
    GuggenheimBuyUpgraded
    iBERIA Capital PartnersOutperformUpgraded
    Morgan StanleyEqual-WeightUpgraded
    iBERIA Capital PartnersSector PerformDowngraded
    Morgan StanleyUnderweightDowngraded
    S&P Capital IQHoldDowngraded
    GuggenheimNeutralDowngraded
    iBERIA Capital PartnersOutperformInitiated
    Morgan StanleyOverweightInitiated
    Scotia Howard WeilSector OutperformUpgraded
    Tudor PickeringHoldUpgraded
    GuggenheimBuyInitiated
    FBR CapitalOutperformUpgraded
    Global Hunter SecuritiesBuyInitiated
    BarclaysOverweightMaintained
    FIG PartnersInitiated
    Dahlman RoseHoldMaintained
    Pritchard Capital PartnersBuyMaintained

    Core Laboratories N.V. (CLB) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.209
    The average consensus EPS for CLB is $0.209 with a high estimate of $0.273 and Low of $0.176 for the period 2022-03-31 and based on 11 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.18$0.1892021-09-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.20422021-12-31
    $0.18$0.1892021-09-30
    $0.18$0.19372021-06-30
    $0.15$0.13172021-03-31
    $0.18$0.1562020-12-31
    $0.16$0.14792020-09-30
    $0.14$0.09952020-06-30
    $0.31$0.33842020-03-31
    $0.38$0.37562019-12-31
    $0.5$0.49112019-09-30
    $0.46$0.46222019-06-30
    $0.44$0.43342019-03-31
    $0.48$0.49892018-12-31
    $0.64$0.63292018-09-30
    $0.59$0.59212018-06-30
    $0.57$0.57312018-03-31
    $0.58$0.58732017-12-31
    $0.48$0.44522017-09-30
    $0.52$0.51752017-06-30
    $0.42$0.38992017-03-31
    $0.41$0.40732016-12-31
    $0.38$0.38822016-09-30
    $0.35$0.35672016-06-30
    $0.37$0.37432016-03-31
    $0.65$0.65652015-12-31
    $0.83$0.83752015-09-30
    $0.82$0.77772015-06-30
    $0.86$0.85562015-03-31
    $1.54$1.55682014-12-31
    $1.53$1.5332014-09-30
    $1.35$1.35592014-06-30
    $1.45$1.46742014-03-31
    $1.43$1.42012013-12-31
    $1.36$1.35342013-09-30
    $1.32$1.32892013-06-30
    $1.22$1.16622013-03-31
    $1.17$1.14212012-12-31
    $1.13$1.11612012-09-30
    $1.16$1.16282012-06-30
    $1.06$1.06782012-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).