Core Laboratories LP (NYSE:CLB) Quarterly Sentiment Report

October 11, 2017 - By Louis Casey

 Core Laboratories LP (NYSE:CLB) Quarterly Sentiment Report

Sentiment for Core Laboratories LP (NYSE:CLB)

Core Laboratories LP (NYSE:CLB) institutional sentiment increased to 1.07 in Q2 2017. Its up 0.04, from 1.03 in 2017Q1. The ratio has improved, as 151 investment managers started new and increased equity positions, while 141 reduced and sold holdings in Core Laboratories LP. The investment managers in our partner’s database now possess: 46.44 million shares, up from 45.30 million shares in 2017Q1. Also, the number of investment managers holding Core Laboratories LP in their top 10 equity positions decreased from 5 to 3 for a decrease of 2. Sold All: 34 Reduced: 107 Increased: 108 New Position: 43.

Core Laboratories N.V. provides reservoir description, production enhancement and reservoir management services to the gas and oil industry. The company has market cap of $4.24 billion. The Firm operates through three divisions: Reservoir Description, Production Enhancement and Reservoir Management. It has a 58.76 P/E ratio. The Reservoir Description segment encompasses the characterization of petroleum reservoir rock, fluid and gas samples.

About 113,412 shares traded. Core Laboratories N.V. (NYSE:CLB) has declined 5.82% since October 11, 2016 and is downtrending. It has underperformed by 22.52% the S&P500.

Analysts expect Core Laboratories N.V. (NYSE:CLB) to report $0.48 EPS on October, 23 after the close.They anticipate $0.10 EPS change or 26.32 % from last quarter’s $0.38 EPS. CLB’s profit would be $21.21 million giving it 50.09 P/E if the $0.48 EPS is correct. After having $0.52 EPS previously, Core Laboratories N.V.’s analysts see -7.69 % EPS growth.

Wcm Investment Management Ca holds 6.93% of its portfolio in Core Laboratories N.V. for 4.43 million shares. Wedgewood Partners Inc owns 1.26 million shares or 3.91% of their US portfolio. Moreover, Underhill Investment Management Llc has 3.74% invested in the company for 58,395 shares. The New York-based Riverpark Advisors Llc has invested 3.64% in the stock. Sustainable Growth Advisers Lp, a Connecticut-based fund reported 2.35 million shares.#img1#

Core Laboratories N.V. (NYSE:CLB) Ratings Coverage

Ratings analysis reveals 50% of Core Laboratories’s analysts are positive. Out of 22 Wall Street analysts rating Core Laboratories, 11 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $80 while the high is $155. The stock’s average target of $115.16 is 19.81% above today’s ($96.12) share price. CLB was included in 45 notes of analysts from August 24, 2015. The stock of Core Laboratories N.V. (NYSE:CLB) earned “Buy” rating by DA Davidson on Thursday, October 6. Citigroup maintained it with “Neutral” rating and $110 target in Wednesday, September 28 report. Cowen & Co maintained Core Laboratories N.V. (NYSE:CLB) on Monday, October 26 with “Market Perform” rating. RBC Capital Markets maintained the stock with “Buy” rating in Friday, June 16 report. The firm earned “Outperform” rating on Thursday, August 24 by Credit Suisse. Morgan Stanley maintained the stock with “Overweight” rating in Monday, August 7 report. The firm earned “Hold” rating on Friday, July 7 by Cowen & Co. Cowen & Co maintained Core Laboratories N.V. (NYSE:CLB) rating on Wednesday, August 30. Cowen & Co has “Hold” rating and $100.0 target. JP Morgan initiated Core Laboratories N.V. (NYSE:CLB) rating on Friday, June 10. JP Morgan has “Overweight” rating and $120 target. Loop Capital upgraded the shares of CLB in report on Friday, April 21 to “Buy” rating.

More important recent Core Laboratories N.V. (NYSE:CLB) news were published by: Fool.com which released: “Better Buy: Core Laboratories NV vs. Frank’s International NV” on June 19, 2017, also Fool.com published article titled: “Core Labs results: The raw numbers”, Seekingalpha.com published: “Core Laboratories’ (CLB) CEO David Demshur on Q2 2017 Results – Earnings Call …” on July 25, 2017. More interesting news about Core Laboratories N.V. (NYSE:CLB) was released by: Prnewswire.com and their article: “Core Lab Announces Q3 2017 Quarterly Dividend” with publication date: July 06, 2017.

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