Core Laboratories N.V. (CLB) is Initiated by JP Morgan to Overweight, Price Target at $120

Core Laboratories N.V. (CLB) was Initiated by JP Morgan to “Overweight” and the brokerage firm has set the Price Target at $120. JP Morgan advised their investors in a research report released on Jun 10, 2016.

Many Wall Street Analysts have commented on Core Laboratories N.V.. 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 .

On the company’s financial health, Core Laboratories N.V. reported $0.37 EPS for the quarter, based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus estimate of $0.37. The company had revenue of $153.65 million for the quarter, compared to analysts expectations of $156.67 million. The company’s revenue was down -28.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

Core Laboratories N.V. closed down -0.6 points or -0.46% at $131.2 with 4,15,700 shares getting traded on Thursday. Post opening the session at $129.77, the shares hit an intraday low of $128.85 and an intraday high of $131.46 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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