Professional
Added to YB: 2024-07-02
Pitch date: 2024-03-31
CLB [bullish]
Core Laboratories Inc.
-3.8%
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
$17.13
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
value
Ariel Investments Focused Value New Position: Core Laboratories Inc.
CLB: Oil/gas services co. initiating cost cuts to hit FCF targets & reduce debt amid tough environment. Asset-light biz, expect modest growth in reservoir description as challenges ease. Bought at discount to private market value & attractive forward P/E. Near-term disruptions create opportunity.
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