Professional
Added to YB: 2024-03-13
Pitch date: 2023-12-31
CLB [neutral]
Core Laboratories Inc.
-6.92%
current return
Author Info
No bio for this author
Company Info
Core Laboratories Inc. provides reservoir description and production enhancement services and products to the oil and gas industry in the United States, and internationally.
Market Cap
$716.6M
Pitch Price
$17.71
Price Target
N/A
Dividend
0.26%
EV/EBITDA
10.53
P/E
22.63
EV/Sales
1.67
Sector
Energy Equipment and Services
Category
turnaround
Ariel Fund Portfolio Holding: Core Laboratories Inc.
CLB: Mixed earnings, faced contract delays & lower US activity. Operating margin grew despite geopolitical tensions from Russia-Ukraine conflict and sanctions' impact. Sees progress globally in onshore/offshore ops. Confident in management, strong operations, robust FCF, and shareholder returns despite near-term uncertainty.
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