Core Laboratories (CLB) Receives a Hold from Citigroup


Citigroup analyst Scott Gruber maintained a Hold rating on Core Laboratories (CLB) today and set a price target of $66. The company’s shares opened today at $62.20, close to its 52-week low of $56.72.

According to TipRanks.com, Gruber is a 1-star analyst with an average return of -2.5% and a 38.1% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Oceaneering International, and C&J Energy Services Inc.

Core Laboratories has an analyst consensus of Moderate Buy, with a price target consensus of $98.30, representing a 58.0% upside. In a report issued on December 26, Piper Jaffray also reiterated a Hold rating on the stock with a $70 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 655K.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLB in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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