Core Laboratories N.V. (CLB) Releases Earnings Results, Reports EPS of $0.35 EPS

Core Laboratories N.V. (CLB) reported quarterly earnings results on Wednesday, Jul-20-2016. The company reported $0.35 EPS for the quarter. Analysts had a consensus estimate of $0.35. The company posted revenue of $148.10 million in the period, compared to analysts expectations of $146.21 million. The company’s revenue was down -27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on Core Laboratories N.V.. JP Morgan Initiated Core Laboratories N.V. on Jun 10, 2016 to “Overweight”, Price Target of the shares are set at $120.Company shares were Reiterated by Cowen on Apr 22, 2016 to “Market Perform”, Firm has raised the Price Target to $ 105 from a previous price target of $80 .Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 137 from a previous price target of $128 .

Core Laboratories N.V. opened for trading at $123.26 and hit $125.18 on the upside on Monday, eventually ending the session at $125, with a gain of 0.97% or 1.2 points. The heightened volatility saw the trading volume jump to 3,89,927 shares. Company has a market cap of $5,300 M.

In a different news, on Feb 3, 2016, Jan Willem Sodderland (director) purchased 300 shares at $93.90 per share price. According to the SEC, on May 13, 2015, Michael C Kearney (director) sold 1,000 shares at $128.52 per share price. On Feb 3, 2015, Kempen Margaret Ann Van (director) purchased 250 shares at $102.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Core Laboratories N.V. (Core Lab) is a provider of proprietary and patented reservoir description production enhancement and reservoir management services to the oil and gas industry. These services and products are directed toward enabling its clients to improve reservoir performance and increase oil and gas recovery from their producing fields. The Company operates in three segments: Reservoir Description Production Enhancement and Reservoir Management. The Company provides analytical and field services to characterize properties of crude oil and petroleum products to the oil and gas industry.

Core Laboratories N.V.

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