Current CLB Stock Info

Projecting oil recovery within fiscal year
Core Laboratories (ticker: CLB) closed the book on 2014 as its most profitable year in company history in its Q4’14 earnings release on January 28, 2015. Revenue for fiscal 2014 was $1,085 million, up 1% from 2013’s total of $1,074 million. Net income experienced a much higher jump, climbing to $257 million from $242 million in the same time frame. The jump of 6% resulted in higher dividend distributions, as outlined in a recent Oil & Gas 360® article. Earnings per share reached $5.77.

David De...

Analyst Commentary

Baird Energy Daily Dirt (1.29.15)

CLB 4Q14 EPS in line with consensus (Leben). Core Labs reported 4Q14 revenues of $279 million (in line vs. the $280 million consensus) and adjusted EPS of $1.54 (in line vs. the $1.54 consensus). Management guided 1Q15 revenues of approximately $230 million (-9% vs. the $252 million consensus) and EPS of $1.05-$1.10 (-21% at the midpoint vs. consensus of $1.36). Management expects U.S. land rig counts to continue to fall sharply into 2Q15 while deepwater GoM activity is expected to continue at or near 4Q14 levels.  

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