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CLB
Stock ticker:
NYSE
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Capitalization
1.22B

CLB Core Laboratories Forecast, Technical & Fundamental Analysis

a provider of reservoir description, production enhancement and reservoir-management services to the oil and gas industry

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CLB with price predictions
08:00 PM EDT Jun 07, 2023

CLB in upward trend: price rose above 50-day moving average on June 01, 2023

CLB moved above its 50-day moving average on June 01, 2023 date and that indicates a change from a downward trend to an upward trend. In of 40 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 07, 2023. You may want to consider a long position or call options on CLB as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CLB just turned positive on May 19, 2023. Looking at past instances where CLB's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for CLB crossed bullishly above the 50-day moving average on May 24, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where CLB advanced for three days, in of 308 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 227 cases where CLB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for CLB moved out of overbought territory on June 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CLB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CLB broke above its upper Bollinger Band on June 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CLB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.258) is normal, around the industry mean (3.731). P/E Ratio (51.282) is within average values for comparable stocks, (89.555). Projected Growth (PEG Ratio) (0.794) is also within normal values, averaging (2.142). Dividend Yield (0.002) settles around the average of (0.043) among similar stocks. P/S Ratio (2.455) is also within normal values, averaging (2.856).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CLB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Valaris Limited (NYSE:VAL).

Industry description

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

Market Cap

The average market capitalization across the Oilfield Services/Equipment Industry is 2.56B. The market cap for tickers in the group ranges from 717 to 67.63B. SLB holds the highest valuation in this group at 67.63B. The lowest valued company is FLSS at 717.

High and low price notable news

The average weekly price growth across all stocks in the Oilfield Services/Equipment Industry was 3%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 2%. WHD experienced the highest price growth at 24%, while ENGT experienced the biggest fall at -55%.

Volume

The average weekly volume growth across all stocks in the Oilfield Services/Equipment Industry was 1%. For the same stocks of the Industry, the average monthly volume growth was 9% and the average quarterly volume growth was -11%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 77
Price Growth Rating: 51
SMR Rating: 73
Profit Risk Rating: 91
Seasonality Score: -22 (-100 ... +100)
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A.I. Advisor
published Earnings

CLB is expected to report earnings to rise 7.26% to 20 cents per share on July 26

Core Laboratories CLB Stock Earnings Reports
Q2'23
Est.
$0.20
Q1'23
Beat
by $0.03
Q4'22
Missed
by $0.05
Q3'22
Beat
by $0.03
Q2'22
Missed
by $0.02
The last earnings report on April 26 showed earnings per share of 18 cents, beating the estimate of 15 cents. With 436.35K shares outstanding, the current market capitalization sits at 1.22B.
A.I.Advisor
published Dividends

CLB paid dividends on May 30, 2023

Core Laboratories CLB Stock Dividends
А dividend of $0.01 per share was paid with a record date of May 30, 2023, and an ex-dividend date of May 05, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of reservoir description, production enhancement and reservoir-management services to the oil and gas industry

Industry OilfieldServicesEquipment

Profile
Fundamentals
Details
Industry
Oilfield Services Or Equipment
Address
6316 Windfern Road
Phone
+1 713 328-2673
Employees
3600
Web
https://www.corelab.com
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CLB and

Correlation & Price change

A.I.dvisor indicates that over the last year, CLB has been closely correlated with HAL. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if CLB jumps, then HAL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CLB
1D Price
Change %
CLB100%
+2.18%
HAL - CLB
76%
Closely correlated
-1.23%
WHD - CLB
75%
Closely correlated
+8.15%
SLB - CLB
74%
Closely correlated
-1.41%
OIS - CLB
73%
Closely correlated
-0.55%
XPRO - CLB
73%
Closely correlated
-2.21%
More

Groups containing CLB

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CLB
1D Price
Change %
CLB100%
+2.18%
gas industry
(undefined stocks)
94%
Closely correlated
+1.62%
CLB
(undefined stocks)
85%
Closely correlated
+0.51%
oil field equipment
(undefined stocks)
84%
Closely correlated
+0.48%
oil field service
(undefined stocks)
84%
Closely correlated
+0.48%
Oilfield Services/Equipment
(undefined stocks)
81%
Closely correlated
+0.64%
More