Today's Post-Market Laggard: Core Laboratories (CLB)

Trade-Ideas LLC identified Core Laboratories ( CLB) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Core Laboratories as such a stock due to the following factors:

  • CLB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $76.7 million.
  • CLB is down 4% today from today's close.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in CLB with the Ticky from Trade-Ideas. See the FREE profile for CLB NOW at Trade-Ideas

More details on CLB:

Core Laboratories N.V. provides reservoir description, production enhancement, and reservoir management services to the oil and gas industry in the United States, Canada, and internationally. The stock currently has a dividend yield of 2.5%. CLB has a PE ratio of 24. Currently there are 6 analysts that rate Core Laboratories a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Core Laboratories has been 606,300 shares per day over the past 30 days. Core has a market cap of $3.8 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.64 and a short float of 16.5% with 7.16 days to cover. Shares are down 17.2% year-to-date as of the close of trading on Tuesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Core Laboratories as a hold. The company's strongest point has been its expanding profit margins. At the same time, however, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.

Highlights from the ratings report include:
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 32.7%. Since the same quarter one year prior, revenues fell by 28.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The change in net income from the same quarter one year ago has significantly exceeded that of the Energy Equipment & Services industry average, but is less than that of the S&P 500. The net income has significantly decreased by 49.8% when compared to the same quarter one year ago, falling from $66.50 million to $33.40 million.
  • CORE LABORATORIES NV's earnings per share declined by 48.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, CORE LABORATORIES NV increased its bottom line by earning $5.78 versus $5.28 in the prior year. For the next year, the market is expecting a contraction of 45.3% in earnings ($3.16 versus $5.78).
  • The gross profit margin for CORE LABORATORIES NV is currently lower than what is desirable, coming in at 34.58%. It has decreased from the same quarter the previous year.
  • Net operating cash flow has decreased to $43.48 million or 41.58% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, CORE LABORATORIES NV has marginally lower results.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

More from Markets

Cisco, Walmart, Brexit, Warren Buffett and JPMorgan - 5 Things You Must Know

Cisco, Walmart, Brexit, Warren Buffett and JPMorgan - 5 Things You Must Know

Finally, a Real Fed Chairperson Presides Over the Economy

Finally, a Real Fed Chairperson Presides Over the Economy

Global Stocks Reverse Gains as UK Government Plunges Into Brexit Turmoil

Global Stocks Reverse Gains as UK Government Plunges Into Brexit Turmoil

Cisco Shares Rise on Earnings and Revenue Beat

Cisco Shares Rise on Earnings and Revenue Beat

Penn National Stock Jumps 8% on $300 Million Deal for Detroit Casino

Penn National Stock Jumps 8% on $300 Million Deal for Detroit Casino