Core Laboratories (CLB) Gets a Hold Rating from Piper Jaffray


Piper Jaffray analyst Ian Macpherson reiterated a Hold rating on Core Laboratories (CLB) on January 31 and set a price target of $70. The company’s shares opened today at $67.50, close to its 52-week low of $56.72.

According to TipRanks.com, Macpherson is ranked 0 out of 5 stars with an average return of -5.7% and a 37.5% success rate. Macpherson covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Select Energy Services Inc, and Diamond Offshore Drilling.

Core Laboratories has an analyst consensus of Moderate Buy, with a price target consensus of $80.50, a 19.3% upside from current levels. In a report issued on January 22, Morgan Stanley also maintained a Hold rating on the stock with a $75 price target.

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The company has a one-year high of $130.34 and a one-year low of $56.72. Currently, Core Laboratories has an average volume of 647.8K.

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Core Laboratories NV engages in the provision of proprietary and patented reservoir description, production enhancement, and reservoir management services to the oil and gas industry. It operates through the following business segments: Reservoir Description, Production Enhancement, and Reservoir Management.

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