Core Laboratories (NYSE:CLB) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Core Laboratories (NYSE:CLB) from a sell rating to a hold rating in a research note released on Sunday.

Separately, Weiss Ratings lowered shares of Core Laboratories from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Core Laboratories currently has a consensus rating of “Hold” and an average price target of $12.00.

Core Laboratories Trading Down 0.1%

Shares of Core Laboratories stock opened at $13.06 on Friday. The firm has a market capitalization of $602.20 million, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.46 and a beta of 0.99. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $15.92 and its 200 day moving average is $16.75. Core Laboratories has a 1 year low of $9.72 and a 1 year high of $20.36.

Core Laboratories (NYSE:CLB) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $121.80 million for the quarter, compared to analyst estimates of $122.99 million. Core Laboratories had a net margin of 5.94% and a return on equity of 11.52%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. Core Laboratories has set its Q2 2026 guidance at 0.060-0.120 EPS. Equities research analysts forecast that Core Laboratories will post 0.57 earnings per share for the current fiscal year.

Core Laboratories Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, May 11th. This represents a $0.04 annualized dividend and a yield of 0.3%. Core Laboratories’s dividend payout ratio (DPR) is currently 6.15%.

Institutional Investors Weigh In On Core Laboratories

Several hedge funds have recently added to or reduced their stakes in the business. State of Wyoming boosted its position in Core Laboratories by 267.7% during the 1st quarter. State of Wyoming now owns 4,626 shares of the oil and gas company’s stock worth $78,000 after buying an additional 3,368 shares during the period. Dimensional Fund Advisors LP boosted its position in Core Laboratories by 10.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,352,329 shares of the oil and gas company’s stock worth $22,705,000 after buying an additional 122,718 shares during the period. Heartland Advisors Inc. acquired a new stake in Core Laboratories during the 1st quarter worth approximately $2,518,000. Illinois Municipal Retirement Fund boosted its position in Core Laboratories by 12.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 25,642 shares of the oil and gas company’s stock worth $431,000 after buying an additional 2,930 shares during the period. Finally, Fifth Third Bancorp boosted its position in Core Laboratories by 2,397.6% during the 1st quarter. Fifth Third Bancorp now owns 11,414 shares of the oil and gas company’s stock worth $192,000 after buying an additional 10,957 shares during the period. 97.81% of the stock is currently owned by institutional investors and hedge funds.

Core Laboratories Company Profile

Core Laboratories N.V. is a global provider of proprietary and patented reservoir description and production enhancement services to the oil and gas industry. The company applies specialized expertise in core and fluid analysis, advanced petrophysical interpretation, and reservoir engineering to optimize hydrocarbon recovery. By integrating laboratory testing with field services and digital analytics, Core Laboratories delivers insights that help operators maximize production and extend the life of their assets.

The company’s portfolio spans two primary service lines: reservoir description and production enhancement.