Core Laboratories Nv Stock Today
| CLB Stock | USD 17.38 0.38 2.24% |
Performance12 of 100
| Odds Of DistressLess than 9
|
Core Laboratories is trading at 17.38 as of the 14th of May 2024, a 2.24% increase since the beginning of the trading day. The stock's open price was 17.0. Core Laboratories has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Core Laboratories NV are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of April 2024 and ending today, the 14th of May 2024. Click here to learn more.
Core Laboratories N.V. provides reservoir description and production enhancement services and products to the oil and gas industry in the United States, Canada, and internationally. The company was founded in 1936 and is based in Amstelveen, the Netherlands. The company has 46.66 M outstanding shares of which 5.97 M shares are currently shorted by investors with about 16.6 days to cover. More on Core Laboratories NV
Moving together with Core Stock
| 0.95 | NR | Newpark Resources | PairCorr |
| 0.69 | TS | Tenaris SA ADR | PairCorr |
| 0.72 | DNOW | Now Inc | PairCorr |
Follow Valuation Odds of Bankruptcy
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Core Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Core Laboratories' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Core Laboratories or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Lawrence Bruno |
| Thematic Idea | Petroleum and Natural Gas (View all Themes) |
| Old Names | [ATEX Resources Inc, Core Laboratories NV, Candy Club Holdings Ltd] |
| Business Concentration | Petroleum and Natural Gas, Oil & Gas Equipment & Services, Energy, NYSE Composite, Energy, Energy Equipment & Services, Oil & Gas Equipment & Services, Energy (View all Sectors) |
Core Laboratories NV (CLB) is traded on New York Stock Exchange in USA. It is located in 6316 Windfern Road, Houston, TX, United States, 77040 and employs 3,500 people. Core Laboratories is listed under Petroleum and Natural Gas category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 793.29 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Core Laboratories's market, we take the total number of its shares issued and multiply it by Core Laboratories's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Core Laboratories runs under Energy Equipment & Services sector within Energy industry. The entity has 46.66 M outstanding shares of which 5.97 M shares are currently shorted by investors with about 16.6 days to cover.
Core Laboratories NV has about 15.43 M in cash with 24.79 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.29.
Check Core Laboratories Probability Of Bankruptcy
Ownership AllocationCore Laboratories retains a total of 46.66 Million outstanding shares. The majority of Core Laboratories NV outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Core Laboratories to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Core Laboratories. Please pay attention to any change in the institutional holdings of Core Laboratories NV as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Core Ownership Details
Core Stock Price Odds Analysis
What are Core Laboratories' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Core Laboratories jumping above the current price in 90 days from now is about 12.88%. The Core Laboratories NV probability density function shows the probability of Core Laboratories stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6603 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Core Laboratories will likely underperform. Additionally, core Laboratories NV has an alpha of 0.14, implying that it can generate a 0.14 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Core Laboratories to move above the current price in 90 days from now is about 12.88 (This Core Laboratories NV probability density function shows the probability of Core Stock to fall within a particular range of prices over 90 days) .
Core Laboratories Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Core Laboratories market risk premium is the additional return an investor will receive from holding Core Laboratories long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Core Laboratories. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Core Laboratories' alpha and beta are two of the key measurements used to evaluate Core Laboratories' performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0801 | |||
| Jensen Alpha | 0.14 | |||
| Total Risk Alpha | 0.0098 | |||
| Sortino Ratio | 0.0773 |
Core Stock Against Markets
Picking the right benchmark for Core Laboratories stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Core Laboratories stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Core Laboratories is critical whether you are bullish or bearish towards Core Laboratories NV at a given time. Please also check how Core Laboratories' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Core Laboratories without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Core Laboratories Corporate Management
Elected by the shareholders, the Core Laboratories' board of directors comprises two types of representatives: Core Laboratories inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Core. The board's role is to monitor Core Laboratories' management team and ensure that shareholders' interests are well served. Core Laboratories' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Core Laboratories' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gwendolyn MBA | Senior Relations | Profile | |
| J Dumas | Vice President Business Development | Profile | |
| Martha Carnes | Presiding Non-Executive Lead Independent Member of the Supervisory Board | Profile | |
| Monique Eeuwijk | Non-Executive Independent Member of the Supervisory Board | Profile | |
| Jacobus Schouten | Managing Director | Profile |
How to buy Core Stock?
Before investing in Core Laboratories, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Core Laboratories. To buy Core Laboratories stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Core Laboratories. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Core Laboratories stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Core Laboratories NV stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Core Laboratories NV stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Core Laboratories NV, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Core Stock please use our How to Invest in Core Laboratories guide.
Already Invested in Core Laboratories NV?
The danger of trading Core Laboratories NV is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Core Laboratories is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Core Laboratories. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Core Laboratories is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Core Laboratories offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Core Laboratories' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Core Laboratories Nv Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Core Laboratories Nv Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Core Laboratories NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Core Stock analysis
When running Core Laboratories' price analysis, check to measure Core Laboratories' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Core Laboratories is operating at the current time. Most of Core Laboratories' value examination focuses on studying past and present price action to predict the probability of Core Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Core Laboratories' price. Additionally, you may evaluate how the addition of Core Laboratories to your portfolios can decrease your overall portfolio volatility.
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Is Core Laboratories' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Core Laboratories. If investors know Core will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Core Laboratories listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Core Laboratories is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Laboratories' value that differs from its market value or its book value, called intrinsic value, which is Core Laboratories' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Core Laboratories' market value can be influenced by many factors that don't directly affect Core Laboratories' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Core Laboratories' value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Laboratories is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Laboratories' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.